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Canadian real estate prices grew over 29x the rate of US home prices

from Better Dwelling

Canadian real estate prices grew over 29x the rate of US home prices Better Dwelling Canadians know real estate prices have grown very quickly, but most likely have no idea how fast. US Federal Reserve data shows when US home prices took a dive during the Great Recession, Canadian prices didn’t. Instead, Canada has flooded the market with a number of policies designed to increase the amount of debt households can carry. Consequently, Canadian home prices have seen prices grow not twice, or even ten times as fast as US home prices. They’ve grown a whopping 29x faster. READ MORE

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