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This Weeks Top Stories: IMF Warns Canadian Real Estate Prices Are Overvalued, And Over-Leveraged Borrowers Now A Record Market Share

Author: External Author | | Categories: Mortgage Associate , Mortgage Broker , Mortgage Specialist

Many Canadian real estate markets are massively overvalued, according to the IMF. Their model shows Toronto’s estimated value is 28.2% lower than current prices. Vancouver’s estimated fair value is a smaller 13.3% drop to get to its fair value. Montreal bucks the trend by actually being within 1 point of fair value.

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Original Article Source Credits:   Better Dwelling ,

Article Written By:  Better Dwelling

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