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How is it that our stock markets and house prices look like this is the best of times?
“The investment fund is still heavily skewed in its funding to Ontario," the NDP's housing critic said.
Cultural shifts and economic upheaval are among the reasons why there is "extreme uncertainty" in the outlook for housing.
But the weakness in the rental market risks infecting the housing market.
“We reject racism, white supremacy and wish to atone for our past racism and insensitivity,” the mortgage insurer said.
Too bad it comes at a time of monumental uncertainty.
Canada could see a rush of new home purchases before the new insurance rules take effect on July 1.
The mortgage insurer's predictions would look far less alarming if it used the same measure of house prices as other forecasts.
"We are concerned that some damage may already have been done."
House prices are set to fall by up to 18% over the next year, CMHC predicts.