Fitch Ratings

Fitch Ratings: TORONTO - Sky high prices in the Canadian real estate market won't be climbing for much longer, says a report by global rating agency Fitch Ratings. , according to Winnipeg Free Press. Fitch Ratings said the Canadian economy will be exposed when this happens, as many homebuyers have financially stretched themselves to borrow for their home purchase and will be in for a shock once interest rates start to climb. For sale signs stand in front of a condominium September 27, 2011 in Montreal. THE CANADIAN PRESS/Ryan Remiorz The agency forecasted Tuesday that home prices across the country are in for a "soft landing" and will either flatten out or slightly decrease over the next five years. It estimates that current prices are overvalued by up to 26 per cent in some regions and could fall by as much as 10 per cent in some places. (www.immigrantscanada.com). As reported in the news.