Canadian real estate among the world’s most overvalued

Canadian real estate among the world’s most overvalued

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.

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