Toronto Ranked Second Largest Real Estate Bubble Risk in the World

Toronto Ranked Second Largest Real Estate Bubble Risk in the World

Toronto Ranked Second Largest Real Estate Bubble Risk in the World Confirming what comes as little surprise to many, the UBS Global Real Estate Bubble Index 2021 revealed that Toronto has the second largest real estate bubble risk in the world, up one spot from its third place ranking in 2020. The index analyzes residential property prices in 25 major cities globally. Toronto scored 2.02 in the index with the breakdown being the following: - Bubble risk (>1.5) - Overvalued (0.5 to 1.5) - Fair valued (-0.5 to 0.5) - Under valued (-1.5 to -0.5) Naturally, the report points to Canada’s notoriously pricey cities of Vancouver and Toronto in talks of the country’s dramatic housing market and subsequent conditions that have had homebuyers and economists alike questioning whether we’re …
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