Wednesday, July 16, 2025
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

CEO North America > News > Toronto and Vancouver are in housing bubbles: analysts

Toronto and Vancouver are in housing bubbles: analysts

in News
How one L.A. neighborhood surrounded by oil refineries is struggling with health issues
Share on LinkedinShare on WhatsApp

Average house prices rose 14 per cent in the past year, the Canadian Real Estate Association said Friday, adding to concerns that Canada’s most expensive real estate markets are heavily overvalued.

The group that represents realtors across the country says the average price of a Canadian home sold on its MLS system was $686,650, almost 14 per cent higher than it was in the same month a year ago.

Canada’s inflation rate hit four per cent in August, the fastest increase in the cost of living in almost 20 years. The new data on house prices Friday shows that prices are going up at more than three times that pace.

CREA says the average price can be misleading, since it is heavily skewed by sales in the most expensive markets of Toronto and Vancouver. It trumpets another number, known as the MLS House Price Index (HPI), as a more accurate gauge of the overall market, because it strips out some of the volatility.

The above numbers came as a major Swiss bank was already warning that Toronto and Vancouver are home to two of the worst housing bubbles in the entire world.

In an annual ranking, UBS examines the housing markets in 24 major world cities in Europe, North America and Asia to assess them based on how expensive housing is compared to local income levels and other factors.

It then puts all the cities into one of five categories:

  • Depressed housing market (a score of -1.5 or lower).
  • Undervalued (-0.5 to -1.5).
  • Fairly valued (-0.5 to +0.5).
  • Overvalued (+0.5 to +1.5).
  • Bubble (1.5 and up).

Six cities were deemed to have housing bubbles. Two of them are in Canada. 

Toronto got a score of 2.02. That was higher than every other city except Frankfurt, Germany, which scored a 2.16.

Vancouver scored a 1.66, just behind Hong Kong (1.90), Munich (1.84) and Zurich (1.83).

Tags: CanadaHousing marketReal estate

Related Posts

Debra Crew steps down as Diageo CEO
News

Debra Crew steps down as Diageo CEO

Goldman Sachs reports 22% jump in profits
News

Goldman Sachs reports 22% jump in profits

Trump secures fourth trade deal
News

Trump secures fourth trade deal

CEO Jamie Dimon reports strong Q2 performance across all JPMorgan business lines
News

CEO Jamie Dimon reports strong Q2 performance across all JPMorgan business lines

Inflation ticks higher in June
News

Inflation ticks higher in June

Imports drop sharply as the U.S. trade deficit shrinks
News

Port of Los Angeles sees highest ever traffic leading up to tariff deadlines

EU and Mexico scramble to negotiate 30% tariffs
News

EU and Mexico scramble to negotiate 30% tariffs

Jensen Huang says he supports re-industrializing America
News

Jensen Huang says he supports re-industrializing America

Kenvue announces CEO Transition
News

Kenvue announces CEO Transition

Barrick CEO says copper remains on a positive trajectory despite 50% tariffs
News

Barrick CEO says copper remains on a positive trajectory despite 50% tariffs

No Result
View All Result

Recent Posts

  • It’s 8 PM, and Yes, You Are Working
  • MP Materials stock rips 23% higher after $500 million Apple deal for rare earth magnets
  • Debra Crew steps down as Diageo CEO
  • Goldman Sachs reports 22% jump in profits
  • Trump secures fourth trade deal

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

  • News
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

CEO North America © 2024 - Sitemap

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.