Cash in as yet another housing bubble bursts - MoneyWeek
Canada’s housing market is plagued by “overvaluation, speculation and over supply”, says Merrill Lynch. The Economist conducts a survey that compares house prices with the rents that property owners can charge. On this basis, Canadian residential property is overvalued by more than 70%. Even the central bank admits there’s a problem. In short, the country’s property prices won’t be able to defy gravity for much longer.
-------------------------
Eh?
No comments:
Post a Comment