December-10-14 BoC joins the housing overvaluation discussion The Bank of Canada has developed a new model to determine the overvaluation of housing prices in Canada and has, for the first time, provided its own estimation. Read full story
by Justin da Rosa | 08 Dec 2014 One economist believes there are signs of overbuilding in Canada, a trend that that may be contributing to a housing bubble. “We think the housing market, from an evaluations point of view, is very stretched. We think evaluations have over-shot fundamentals,” David Madani, an economist with Capital […]
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BREAKING NEWS
December-10-14 BoC joins the housing overvaluation discussion The Bank of Canada has developed a new model to determine the overvaluation of housing prices in Canada and has, for the first time, provided its own estimation. Read full story