Canadian Estate Prices Are The Most Overvalued In The G7, Shows Another Indicator

Author: External Author | | Categories: Home Purchases , Mortgage Broker , Mortgage Refinance

Canadian real estate prices are the most overvalued in the G7, measured against rents. IMF data shows Canada’s house price-to-rent ratio in Q2 2020 was the highest of any G7 country. The indicator is commonly used by analysts and economists to determine stretched valuations. Home prices across the G7 have grown faster than rents on average. In Canada however, they grew nearly twice as fast as the average, over just a few years.

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Original Article Source Credits:   Better Dwelling ,

Article Written By:  Daniel Wong

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