BUSINESS
06/27/2018 11:06 EDT | Updated 06/27/2018 13:28 EDT

Fear Of Missing Out, Perception Of Foreign Buyers Driving Up House Prices: CMHC

"Expectations of future price growth" are also prompting buyers to pay more.

THE CANADIAN PRESS
A real estate sign is pictured in Vancouver, B.C., Tues. June, 12, 2018. The Canada Mortgage and Housing Corporation says homebuyers in Toronto, Vancouver and Montreal believe foreign buyers are heavily influencing their markets.