7. September 2014 10:48
Canada’s real estate ranked among the world’s most overvalued… The fall market gathers pace… ‘Poor doors’ come to Toronto… Canadian debt levels rise but delinquent debts fall…
Canadian real estate among the world’s most overvalued
The Economist has revealed data that shows that Canada’s real estate is some of the most overvalued in the world; by around 25 per cent in fact. The price-to-rent ratio in Canada was 175.9 per cent in the second quarter of this year, on a par with New Zealand and Hong Kong. Canada also ranks highly on a ratio of prices to average incomes, at 129.7 per cent.
Adnan Hashmi Broker of Record
