Canada’s housing market has been showing signs of cooling lately, but according to the Economist it is still the most overheated in the world.
Overvaluation in Canada comes in at a whopping 78%, by the Economist‘s price-to-rents ratio, the weekly newspaper said in its survey on the global housing market. At the other end of the scale is Japan with an undervaluation of 37%. The Economist writes:……………………………………….Full Article: Source