Comments on: Canadian Real Estate Markets Are Up To 108% Overvalued: Moody’s

By: M W

M W — Tue, 26 Apr 2022 15:23:11 +0000

In reply to Kevin Logan. Yes yes, it's too bad we don't have historical data to look at when inflation was above 2% and rates had risen to see what happened to the housing market. If you're still having trouble keeping up, the answer is: prices went up. Even when they slowed down, they still went up. Hopefully this will get through to you!

By: Dev

Dev — Tue, 26 Apr 2022 04:52:50 +0000

What are they using to benchmark valuation/establish “trend price”?

By: Kevin Logan

Kevin Logan — Tue, 26 Apr 2022 02:13:06 +0000

In reply to M W. and interest rates will never rise and more than 2% inflation will never happen in our lifetime. The boomer narrative is well played.

By: CD

CD — Mon, 25 Apr 2022 19:58:06 +0000

In reply to Axel McLion.

I have to question their statement that Toronto is 43.6% overvalued – seems too low to me.

Were they using early 2021 data because prices have definitely gone up another 30%+ since mid-2021.

I think Toronto is 75-100% overvalued.

By: Axel McLion

Axel McLion — Mon, 25 Apr 2022 17:51:11 +0000

Have to question these analyses claiming that Western Canada is undervalued.

By: M W

M W — Sat, 23 Apr 2022 16:20:42 +0000

Overvalued doesn’t matter when people can and will continue to buy.

For the inevitable “pAsT pErformaNcE doEs nOt gUaraNTeE fUtuRe RetUrns” comment- the market has been overvalued for years now and there’s not a single good reason this won’t continue to happen. Try to keep up!

By: Opinion Man

Opinion Man — Sat, 23 Apr 2022 14:31:59 +0000

Peterborough?
I’ve been there and in my opinion it’s as much of a dump as Oshawa.

By: Ron Bruce

Ron Bruce — Sat, 23 Apr 2022 13:07:16 +0000

If only we could see this much evaluation in companies that compete on the global stage, we might all be able to afford a home. I don’t see this happening at any time. Canada isn’t the epicentre of invention, innovations or new technologies. Typically, Realtors, Lawyers, Banks and over 30% of the country’s workforce work for the Government (i.e. municipal, provincial, federal) don’t contribute to the Country’s intellectual property or innovation. Sitting on the sidelines watching competing companies pull the tax train isn’t a winning proposition.

If 50% of residents that live in the cities are RENTERS, who are the parties funding, backing or manipulating all these increases in real estate prices? This is the data that we need to know.