Housing bubble ?

Recently the word is that Canada is on its way to create a housing bubble. Bank of Montreal issued a report saying that with prices of real estate rising faster than our average incomes a major correction seems to be on the horizon, unless housing prices start to moderate. The report further says that here in Ontario the price to income ratio is 10% higher than the historical average, so moderately overvalued and not in bubble-territory. Click here to read the entire article.

Wilco Overink

Wilco Overink

Sales Representative
CENTURY 21 United Realty Inc., Brokerage*
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