User: Brian Ripley: CAD Real Estate: Housing vs Rents & Income

Canada Overvalued - Inflationists need a Rally - The Economist ranks Canada's housing as the second most overvalued in relation to both rents and income. Cheap credit has masked the outrageous principal amount before interest that glib marketers tout as affordable. The granite and stainless steel may be fashionable at the moment, but at these prices when you look back from the future, you are buying a hovel. More at www.chpc.biz