 Canada is one of the most-overvalued housing markets in the world relative to income and theres currently a harsh correction ongoing. That should weigh heavily on the Bank of Canada decision today, in large part because it was Macklem that helped to fuel the bubble when he promised to keep rates low for a long time.However even with another rate hike, a crash isnt necessarily coming.CIBC is out with a report today looking at housing and immigration trends. Canadian PM Trudeau... 