HOUSE PRICES IN CANADA STABLE - ECONOMIST

Mar 12, 2014

By AM740 Staff

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Zoomers counting on the rising value of their homes as a financial cushion for retirement can take heart. A real estate market expert thinks house prices in Canada are fairly valued and may even be undervalued. Economist, Will Dunning is trying to calm fears of a possible collapse in prices in the wake of repeated warning by the Bank of Canada and the federal government. He says Canadians have been mostly prudent investors in housing and that the market can absorb either higher prices or a one-per-cent hike in interest rates.

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