“Flying Blind” – CIBC housing market report

Quoting in part: 

“The lack of housing data also gives policymakers an incomplete picture of the market. The broad perception that the overall market is overheated, but slowly cooling may in fact be the case, but how are policymakers supposed to determine what the best policy on interest rates should be, for example, if they don’t have a complete picture of all the data, Tal wonders.

“The situation is unhealthy,” he said.”

read more:http://www.cbc.ca/news/business/canadian-housing-data-dangerously-incomplete-cibc-warns-1.2596751



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