A new report shows that Canada is one of the leading nations in over valued housing.
I can’t say I am particularly surprised by this. We’ve seen pricing rising in major centres like Toronto, Montreal, and Vancouver. But we’re also starting to see it on the prairies in Calgary, Edmonton, and even Saskatoon.
Some people expect the Canadian housing market to have a soft landing. I on the other hand, am beginning to fear the worst.
The people I really feel sorry are young couples and young families who are being squeezed out of a housing market and being forced to either buy in an undesirable neighbourhood, or they’re forced to rent.
To read more about the overvalue in the real estate market, head over to HuffPost Canada.