Canada's housing watchdog warns of 'problematic conditions'

Canada's housing watchdog maintained its view that there is "strong evidence of problematic conditions" in the market that some economists have classified as being in a bubble. 
The market is characterized by imbalances, defined as when demand and prices are far from their historical averages, Canada Mortgage and Housing Corporation said in second-quarter report. 
"While the overall assessment of problematic conditions remains strong for Canada, overvaluation has been do