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House for sale in Forest Hill neighbourhood, Toronto. August 27, 2013.
House for sale in Forest Hill neighbourhood, Toronto. August 27, 2013.
(Gloria Nieto/The Globe and Mail)

Canadian homes are fairly valued. Really

Domestic housing prices have climbed 83 per cent over the past decade. For most Canadians, this is sufficient proof the residential real estate market is overvalued. But Lakehead University economics professor Livio Di Matteo argues that the increase in household income and population almost completely justify the rise in housing prices.