How overvalued is your home?
Last week I came across this great infographic on the Canadian Business website. The simple infographic shows just how polarized opinions are when it comes to Canadian real estate values. The first quarter of 2013 has shown that real estate in Canada is starting to slow down but the question “how low will it go?” varies wildly.
But here is the interesting thing…
As author Matthew McClearn puts it “The astute observer may discern some correlation between the tone of the prediction and the economic interests of its promoter. After all, it seems like the sunniest forecasts come from realtors and banks who are active in mortgage lending; leave it to the depraved journalists—particularly those pessimistic foreign ones—to envisage a fiery apocalypse in our future.”
I have to agree Matthew.
What do you think? Is the Canadian Real Estate apocalypse upon us or is this a passing cloud on a hot summer day?
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