Are Canada's home prices some of the most inflated home prices on earth?
Really, no one knows what to make of the Canadian real estate market. A recent report suggests the sector should post modest growth in 2011, yet even the most optimistic broker will tell you such stability is, regrettably, tied to the uncertain U.S. economy. For now, what we don't know about the future of Canuck home prices is plentiful.
Yet we can be sure of one thing: Canadian real estate is currently among the most overvalued in the world. A new study from The Economist has measured the world's real estate to find where home prices are the most inflated on earth. Where does Canada rank, then? Click through to find the nations where, right now, homes cost significantly more than they're actually worth.
Interesting! Are they telling us the truth?
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