Saturday, October 5, 2013

Canadian Real Estate, 2nd Most Overvalued

Meanwhile the most recent OECD report ranks Canada as having the second most over-valued housing market on the planet (note the trend among commodity producers here, too bad that commodity super-cycle is moving the other way now), just as Canadian household debt hit a fresh record in the second quarter at 163.4% debt to disposable income. (more Canadian bank shares anyone??)
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