This Week’s Top Stories: Canadian Real Estate Grew 10x Faster Than Income, Now Up To 108% Overvalued

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Markets Are Up To 108% Overvalued: Moody’s Canadian real estate is seriously overpriced — with cities up to 108% overvalued. Moody’s Analytics estimates urban cities are 22.9% overvalued as of Q4 2021. Toronto (43.6%) and Vancouver (22.3%) also […]

IMF Warns Global Real Estate Markets Are At Risk of A Steep Correction

Global real estate prices have uncharacteristically surged during the recession. It didn’t come without consequence, warned the International Monetary Fund (IMF), this week. The agency’s regular Financial Stability Report said global home prices are now stretched. Stimulus policies backstopped the market, creating moral hazards. Buyers now have a “can’t lose” feeling, pushing them to pay […]