Thanks to a reader who recently sent me a link to the Canadian Housing Price Charts blog site. This is a good source for up to date data on Canadian housing, interest rates and other asset price trends. Bottom line: Canada is historically over-valued in several key markets. See this Major Cities Chart. A reversion back to the mean could mean a 25% decline in the areas that have rallied strongly over the past year.
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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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