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Is Canada’s housing market frothy or steady as she goes?

Posted on 28 November 2011

Most Canadian economists believe the housing market is going to slow further, but they don’t envision a U.S.-style bust. The Economist magazine, however, appears somewhat more worried.

The magazine’s new study of global housing markets, released this week, warns that real estate in Canada and a few other countries appears frothy. While prices have dropped in half of the 16 countries measured, they’re high in many others. The study looks at the price-to-income ratio, which measures affordability, and a price-to-rent measure………………………………………Full Article: Source


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