The rule changes, effective June 1, could push buyers to seek more affordable homes
The national average home price was a little under $696,000 in April
Home prices could increase by 14% by the end of the year, said the federal agency
The average selling price was up 33% year over year
Monthly home sales hit an all-time record in March, said CREA
Chief executive Brian Porter is also calling for an end to the interprovincial trade barrier
CIBC's CEO commented on Canada's heated housing market ahead of the bank's annual general meeting
Dave McKay also spoke at the bank's AGM about the need for a more inclusive Canadian society
Realtors and housing agencies have reported a flurry of sales since the start of the year
Areas in Ontario and Atlantic Canada face the greatest risks of market instability