IMF: Canada Has The Most Overvalued Homes In The G7, Fourth Globally
Global home prices are on the rise, and Canada is leading the pack. Numbers from the International Monetary Fund (IMF), the monetary policy arm of the UN, show that Canada ranks amongst the top ten of all of their housing indicators. While that sounds like a good thing, the IMF generally warns that too much growth means overvaluation. Overvaluation requires a correction, and if it goes too high, even a crash.
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