The new report comes as real estate giant Re/Max predicts an “exceptionally healthy” year for real estate in 2014.
Deutsche Bank estimates that house prices in Canada are overvalued by 60 per cent. That’s an average of two different measures: Home prices compared to rent (88 per cent overvalued) and home prices compared to income (32 per cent overvalued). The analysis compares house prices to historical norms.
READ FULL STORY: Courtesy of HuffingtonPost
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