Canada Has Most Overvalued Housing Market: Deutsche Bank

Posted by Real Estate Snatch Tuesday, January 28, 2014

The new report comes as real estate giant Re/Max predicts an “exceptionally healthy” year for real estate in 2014

Canada has the most overvalued housing market among 20 developed countries, says a report from Deutsche Bank.

The new report comes as real estate giant Re/Max predicts an “exceptionally healthy” year for real estate in 2014.

Deutsche Bank estimates that house prices in Canada are overvalued by 60 per cent. That’s an average of two different measures: Home prices compared to rent (88 per cent overvalued) and home prices compared to income (32 per cent overvalued). The analysis compares house prices to historical norms.

READ FULL STORY: Courtesy of HuffingtonPost

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REAL ESTATE SNATCH is the independent real estate blog of Samir Safadi, Sales Representative of West-100 Metro View Realty Ltd, brokerage it is dedicated to covering Real Estate News, digital culture, social media and technology, providing analysis of trends, Market Data , reviewing new development. Offering Real Estate services resources and guides. Services are provided to prospective buyers and sellers of real estate by Samir Safadi, Sales Representative, West-100 Metro View Realty Ltd, brokerage, duly registered in the province of Ontario, under Real Estate and Business Brokers Act, 2002 (REBBA 2002) and Member in good standing with