Canadian Housing Markets Are Overpriced

Their study shows that with the exception of Toronto and Edmonton, houses in Canada's major cities are overvalued, priced up to 25 per cent higher than they should be to balance with rents - given interest rates, holding costs and historical rates of price appreciation. The decade-long boom in Canadian markets is over,says Tsur Somerville, the study's lead author and Sauder's Real Estate Foundation of B.C. Continue ...