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Is Canadian Real Estate Overvalued?

Posted on September 28, 2008

A recent UBC report that found real estate in many Canadian cities to be overvalued got much play in the media. It found that home prices are over-priced by as much as 25% in some cities. The surprising part is the cities mentioned wouldn t be the first ones that come to mind as overvalued: Montreal, Ottawa, Regina, Winnipeg and Halifax. Calgary and Vancouver were found to have balanced conditions with predicted price declines ranging from 7% to 11%, Edmonton undervalued by 8% and Toronto priced just right.If you dig deeper, you ll find that the report is riddled with questionable as...

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calgary , canada , canadian , montreal , toronto , vancouver