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Canada Housing Market Is 63% Overvalued: Deutsche Bank

Canada, Australia and New Zealand are in the top ranks of the developed world's most overpriced housing markets, according to Deutsche Bank AG. Homes in Canada are the most expensive, being 63 percent overvalued, the bank said in a survey ranking Organization for Economic Co-operation and Development countries' markets. The measure reaches 56 percent in New Zealand, the second-most priciest, 53 percent in Belgium and 49 percent in Australia.

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