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
The national average home price in February was a record $678,091
The economy added 259,000 jobs in February
John Graham has replaced Mark Machin following events that "unfolded very quickly"
Prices, sales and housing starts have all soared in major markets despite the pandemic
Sales were up 35.2% compared with a year earlier, according to CREA
The real estate board says the supply of listings is not keeping up with growth in transactions
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