Slump in oil prices leaves housing looking even more exposed

The Bank of Canada admitted last week that the housing market has completely overshot and that the overvaluation is somewhere in the range of 10% to 30%. If we had to pick a number, it would be close to the high end of that wide range, reflecting our long-held fears of a potential housing bubble.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.