Design district.House prices are more than double overvalued! Canadian real estate is seriously overvalued, with house prices more than double in some cities, and the top 10 overvalued bubble cities in Canada are all in Ontario.Please Visit: Design district to Get Your VVIP Registration Today!
Canadian real estate is grossly overvalued, according to a large agency intelligence firm. Moody’s Analysis released a valuation assessment of house prices for the fourth quarter of 2021, which found that prices continued to be above trend, indicating that valuations were too high, especially in southern Ontario.
Canadian real estate shows a significant deviation between house prices and trend (trend). As of the fourth quarter of 2021, urban house prices were overvalued by 22.9%.
By province, the most overrated provinces are Nova Scotia (25.3%), Prince Edward Island (23.6%), Quebec 17.7% and Ontario (17.1%).
House prices in Alberta and sa are undervalued by about 20%.
Now take a look at the top 10 overrated cities, all concentrated in southern Ontario.
Topping the list is Peterborough, where house prices are overvalued by 108 per cent. The second is St. Catherine Niagara Falls (107%), and the third is Windsor (100%). Prices in the top three cities are more than double overvalued.
Take a look at the top 10 cities:
1. Peterborough: 108%.
2. St. Catherine Niagara Falls: 107%.
3. Windsor: 100%.
4. Hamilton: 78%.
5. London: 69%.
6. Barry: 67%.
7. Brantford: 67%.
8. O’Shahua: 63%.
9. Quilff: 57%.
10. Waterloo-Kitchener: 51%.
It can be seen that house prices in the top 10 cities are all overvalued by more than 50%, and the highest three cities are more than double.
