| http://www.w3.org/ns/prov#value | - percentage point, he argues.Thus, rather than being overvalued, house prices in Canada are fairly valued, and they may even be undervalued.In an interview, Dunning said the numbers apply to the Canadian average and that some markets, particularly Vancouver, do not have room to rise without getting out of whack with fundamentals.Still, housing bear David Madani of Capital Economics, who has been
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