BoC warns of overvalued housing market

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The Bank of Canada has joined the voices saying that Canada’s housing market is over-valued but a new report forecasts a moderation of prices in the coming year. The central bank has used a new model to work out overvaluation in the market and has for the first time issued its own forecast. No real surprises though as the range of between 10 and 30 per cent covers most of the estimates revealed by other organizations. Read the full story.


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