28 July 2014
In addition to it, according to some analysts, housing prices are in fact 20% overvalued.
Sal Guatieri, senior economist in Toronto for Bank of Montreal, says the lack of data concerning condo-ownership is a big problem, as the more information we have, the more effective measures can be taken by the policy makers.
CMHC notes that its survey provides a descriptive profile of condominium investors, although it doesn’t include the share of foreign and corporate investors. The survey will be released in early August.
As soon as this survey will become available we will review it and share the findings with you.