Canadian real estate most overvalued in world, study says
Prices as much as 60% too high, according to Deutsche Bank
"It's
true, housing does look very overvalued in Canada, particularly here in
Toronto and in other major cities like Vancouver for example,"
"Anybody
looking to buy a home should seriously be looking at the long-term view
and not just base their decision on the low interest rates, for
example," he said.
Interest rates are low, fuelling this fire of skyrocketing housing prices.
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