Swiss investment bank UBS has deemed Toronto and Vancouver to have among the world's biggest housing bubbles, with mispricing that's even more pronounced than it is in expensive cities like Paris and San Francisco. Using data about local salaries, housing prices, rental markets, mortgage debt and other metrics, the bank looked at 20 of the biggest housing markets and gave each city a score. But both Canadian cities are solidly in the range where the bank considers them to be among the most overvalued housing markets in the world. Over the past five years, UBS says housing markets in the world's biggest cities have gone up on average by about 35 per cent. Not all the cities UBS analyzed were deemed to have overpriced housing.

Source: CBC News September 28, 2018 14:43 UTC