Is The Canadian Real Estate Market Overheated?
"Canada's market looks particularly vulnerable to a housing bust because of overstretched valuations." says The Economist
In looking at the article by the Economist you might think so. Check out the economist Home Pirce Index to see if you agree. The index tracks the ups and downs in 21 different markets to let you compare the real estate market around the world.
The index - resets to 100 far the date you select. While the index resets prices in real terms it is deflated by consumer prices to take into account the affects of inflation on your purchasing power. You are give a choice of comparing prices against incomes or comparing the cost of buying against renting.
Check it out an let me know what you think about the housing market where you live
You can Compare the The Economist Home Price Index
on our web site as well as check out
on our web site