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Canadian housing not in a bubble – BMO

Posted on 23 November 2010

From Vadvert.co.uk: While there is growing speculation that the Canadian housing market is a bubble ready to implode, a new report from BMO Capital Markets Economics asserts that market valuation is only moderately above long-term trends.
“All things considered, the Canadian housing market does not appear to be in a bubble, and is unlikely to suffer a U.S.-style collapse,” said BMO Economists Earl Sweet and Sal Guatieri. “A comparison of the ratio of prices to incomes with the long-term trend suggests Canadian house prices were overvalued by as much as 18 per cent in late 2009……………………………………….Full Article: Source

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