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Report says Alberta houses prices overvalued by 12.5%

Posted by Arshad Rashed on Tuesday, October 5th, 2010 at 11:25am.

The report said the housing sector "looks vulnerable" in the West. It said house prices in B.C. are overvalued by 16.8 per cent and they are overvalued by 12.5 per cent in Alberta. The national average is 11.8 per cent above "fair value." Across Local real estate market the country, CIBC said the overvalue was as follows: 11.6 per cent in Ontario, 11.3 per cent in Saskatchewan/Manitoba, 6.4 per cent in Quebec and 5.9 per cent in Atlantic Canada. 

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