Home prices
https://int.housing-observatory.com/index.html
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Another site finds compares to the non-housing inflation rate,
but it doesn’t help.
The result is basically the same.
Canada basically skipped the housing bust from the Great Financial Crisis.
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Canada’s problem is much the same as the United States’, just to a much more extreme extent.
And that is excessive single family zoning that makes it all but impossible to build needed high density housing.
Thankfully, as in the United States, FINALLY beginning to see some change in Canada.
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Canadian dollar is not strong……
Allan
only the political elite should be buying homes now
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This is the result of growing the population too fast through immigration. Most employment is concentrated in small geographical regions and cannot support exponential population growth. Immigration is largely good but needs to be moderated to better ensure that new community development can come along with that growth.
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And their elitist friends and big donors of course! The rest of us pee-ons should not have more than shoe-box sized apartments in high rise ultra high density housing units!
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Is that how you live? Also, is that really desirable? Exponential population growth doesn’t equal better country.
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you will like it and shut your mouth!
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This is really the way forward.
Why not?
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too easy a question. inflation continues to be a problem in Canada, whereas in the United States it is not.
Allan
Too simple of an answer. Try again. Put some thought into it.
nope that is it in a nutshell.
Allan
You are right. No thought, just nuts.
Canadian dollar used to be just a stand-in for oil prices.
It still is to a large degree, just not as much as in the past.
Canada exports a lot of oil, but the sellers need to be paid in Canadian dollars so the Canada dollar (a lot then, and still kind-of a lot now) rises and falls with the price of oil.
These days, oil prices are still a major factor in the value of a Canadian dollar, but more traditional considerations like Canadian gov’t debt and Canadian inflation etc. play a larger role than before.
See Allan, it’s more complex than inflation.
When I was a kid out in my own, three or four of us … sometimes five … would get togther to rent an apartment. Don’t kids do that anymore?
No utopia in Canada either:
Two Americans who moved to Canada told Business Insider they did so to escape polarized and divisive politics, inadequate healthcare, and to feel safer in their communities. While they said their overall quality of life has improved, they found the grass isn’t greener in every arena: There can be long waitlists for medical care, and it’s very expensive to buy a home.
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