Media Advisory - Media Availability - Canada's Housing Market Overvalued

OTTAWA, Dec. 11, 2014 /CNW/ - Robin Wiebe, Senior Economist, The Conference Board of Canada, is available to comment on the Bank of Canada's warning that housing market could be overvalued by as much as 30 per cent.

Conference Board research points to a soft landing for Canada's housing market. While there might be a little overvaluation in some places, it is economically explainable. Data also shows widespread declines in builder inventories of unsold condominiums and limited evidence of overbuilding.

SOURCE: Conference Board of Canada

Yvonne Squires, Media Relations, Tel.: [phone], ext. 221. E-mail: [email protected].