Saturday, 26 July 2014

Your house isn't your RSP. Canadian house prices still heading for a fall.

Look at the chart.  Canada has out-of-line house prices.  Until the rent you can get for the money invested in your house is pretty close to what it costs to buy and look after that house, the price is an un-popped bubble.  A house is an investment after all, not a pilgrimage to Mecca.  The US has gone through a correction.   Canada hasn't.

The Canadian Housing Bubble Puts Even The US To Shame

Canadian housing over-valued? The Economist puts numbers to it. Updated.

Worldwide house prices charted. Canada is riding a bubble. Updated.

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