More buyers are looking at homes in the suburbs, according to a BMO survey
The corporation's head says the current name doesn't do enough to highlight housing affordability
Cooler activity is expected toward year-end
Home sales surge as new listings spiked in urban centres
The housing market has been resilient throughout the pandemic
Insolvencies, credit risks set to rise as supports, deferrals wane
Alberta and Atlantic Canada led the surge
Average home prices are also up 16.9% from a year ago, at $943,710
Construction activity remains 4% below last year's pace
The CMHC forecasts medium-term weakness before a recovery in 2021