Property News · September 29, 2016

Vancouver real estate has highest bubble risk in the world: UBS


Neither weakening commodity prices nor the global recession have weakened the housing market in Vancouver, and the city now has the dubious distinction of having the world’s highest bubble risk, according to a UBS Switzerland report.
Real estate in Vancouver has been significantly overvalued since 2007 and has really heated up in the past two years due to foreign demand. The market is “clearly out of step with economic fundamentals,” according to the report, and there are a…

Source : South China Morning Post
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