Congrats, Vancouver! We’re Now The 7th-Most Overpriced Real Estate Market in the World!

Posted: April 24, 2008 in Your Shelter
Tags: , , , ,

Vancouver -- The 7th-most Overpriced Real Estate in the World

” Vancouver, Canada P/E: 26.81 Vancouver has one of the lowest rental yield rates of any city measured, at 3.19%, despite high prices. Across Canada, despite the same tax system, the effective annualized return rate resulted in a much better P/E of 16.31. Owners need to be aware that such a large spread keeps the rental market strong and the market for sellers more stagnant. “
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Comments
  1. canuck99 says:

    The PE in this article compares house price to potential rental income. Using this metric Forbes determined that Vancouver is the seventh most overpriced market in the world. (NOTE: overpriced is NOT most expensive–some expensive areas are considered not overpriced because of the high rental rates.)…

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