Canada's real estate market still 'really overvalued,' warns economist

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An economic expert believes that the possibility of a more severe crisis in Canada's housing market remains a possibility because real estate remains 'really overvalued.'

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Anyone who bought a home in the last 10 years vs interest rates:

Atalantagg

Lmfao.

Yeah right! Wait until another 1.5 million new immigrants arrive at your doorsteps by 2025!

500,000 new Canadians arriving each year should help alleviate this crisis and drop those prices right back down.

the U.S. has many condos selling for more than any house ever sold in Canada's history but Canada's over-valued with their dollar at 2/3 of USD? okay. there's currently one listed at $250m at Central Park Tower.

I laugh at the people that actually think house prices are gonna drop in Canada.

Yes, triggered and encouraged by the real estate market

felipedelv2 no shi* sherlock

Wait till we enter our sovereign/provincial/municipal debt crisis….

Let’s reduce the larges investment people have made…..thanks to the insane spending of the liberal government

That's what the vaccine is for.

No shit, so is fuckin everything

You don’t say

Duh

IMO some cities prices can still go higher when you compare prices to other major cities around the world.

No kidding, it’s still completely ridiculous. In most states you could buy 3 large houses for the cost of o townhouse here.

Asian money launderers that the COWARD LAZY police do nothing about.

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