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Updated over 9 years ago,
- Rental Property Investor
- Fredericton, New Brunswick
- 4,300
- Votes |
- 7,658
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Economist: Canadian Housing Overvalued by 35% in comparison to income.
... and by 89% in comparison to rents.
Australia and Canada share the dubious prestige of having housing prices the most out of alignment with the rest of their economies.
The Economist, "Global Housing Markets: Property Puzzles"
CBC, Canadian Housing Prices 35% Over Valued
CBC, Analysis: Overvalued Home Prices Could Put New Owners at Risk
The only good news from the perspective of the Atlantic Provinces is we've been the anchor on Canada's housing price to family income ratio for the past decade - without our representation, the Economist would be reporting an even higher percentage of over valuation. When the froth does come off, the devaluation impact on this side of the country will be less than that on the left coast or in the middle.