MLS® Map Search
  Mortgage Calculator
  Mobile Listings
Back to Blog

 

The most expensive city in Canada is now the world's riskiest city in housing if a sudden downward correction were to happen.

 

Housing prices in Vancouver are always on the rise and even during the economic crisis of 2008 Vancouver still saw growth in Real Estate values. As wages and commodity prices weakened the market continued to rise which has caused a "significant overaluation" in the market.

 

Over the past couple of years the Vancouver market has seen increased upward pressure due to strong offshore investors and foreign property owners. The risk comes from the fact that Vancouver Real Estate values are out of sync with current economic conditions in Canada and around the world.

 

Other cities also sited and being risky are: Vancouver, London, Stockholm, Sydney, Munich and Hong Kong.

Comments

No comments

Post Your Comment:

*indicates required fields.
Your Name:*
Please note, your email will not be shown publicly
Your Email (will not be published):*
Comment:*
Please type the text as it appears above:

Exclusive Features

  Sign up to VOW and access:

I make myself available at all times. My web site is here to help you 24 hours a day. You can search listings at your own convenience, browse reports, and read up on real estate info on your own terms.

  • 333% More Listing Info
  • New Listings Sooner
  • Save Your Searches
  • Email Alerts & more!