It’s the yield, dude

Where are real estate prices headed? If you agree with me, down. In fact, price reductions across Canada over the last six months represent just a taste of what’s to come. That’s my opinion, and I’ve expressed my reasons for this belief many times over. But, maybe I’m full of it. Wouldn’t be the only time. So what this country really needs is a tool real estate junkies can use on their own to determine if a property’s over-valued. Fortunately, it exists, at least in rough form: The P/R rat