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Canada’s housing market world’s most overvalued, despite cooling

Posted on 24 January 2013

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


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