Overvalued housing prices and how to read them

CBC News

PITTIS:  From the Bank of Canada's warning to last week's devastating analysis from Germany's Deutsche Bank that claimed a 63 per cent overvaluation, it seems we are being told once again that we think our houses are worth a lot more than they really are.  As we wait for the latest figures from the Canadian Real Estate Association (CREA) this week, homeowners and prospective buyers will be looking for concrete signals about what to believe.

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Michael James

Michael James

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CENTURY 21 Capital Realty Inc., Brokerage*
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