Canadian Real Estate Overvalued, Toronto Needs A 28% Correction For Fair Value: IMF
Canadian real estate prices are one of the biggest threats to the country, said a global agency. The IMF recently completed its regularly scheduled staff report on Canada. Staff found real estate prices present one of the biggest threats to the country. The agency shared the detailed numbers produced by their valuation models with us. As you might expect, some markets are fairly valued, and some are — gasp, undervalued. Toronto and Hamilton real estate are not two of those markets. The Southern Ontario cities have valuations so stretched, they make Vancouver look reasonable.
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: Stephen Punwasi
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Link to Original Article: https://betterdwelling.com/canadian-real-estate-overvalued-toronto-needs-a-28-correction-for-fair-value-imf/