The Week in Economic and Real Estate News

Well known Canadian housing economist Will Dunning,

Published a paper last week which takes aim at predictions of severe overvaluation or a bubble in the Canadian housing market.  Dunning claims that these dire predictions are often based on faulty data or invalid inputs to the calculations. He says that the deliberate reduction in housing demand by policy makers could cause housing prices to fall and, once that process begins, predictions of where it will end are simply guesses.

The benchmark government of Canada five year bond yield ended the week at 1.60%, down from 1.72% the week before.

Original article from: http://www.mcap.com/residential/brokers/mortgagenews