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Canadian property bubble
Home buyers who bemoan the high prices and low inventory plaguing the U.S. housing market might take comfort in the fact that they don’t live north of the border. Canada is going through its own ...
Even with the economy at an early stage of recovery, Canada's housing market has been on a tear in recent months, with home prices escalating sharply to record highs this year, driven by investor ...
Vancouver had the least affordable housing market in Canada by 1980; the average home cost 5.7 times the average family income. [h] [160]: 16–17 O' Toole calculated that given the high interest rates in 1980, "an average family would have to devote more than 70 percent of its income to pay off a mortgage on an average home in 30 years."
Canada Mortgage and Housing Corporation
Is the housing market going to crash? What the experts ...
Real-estate bubble
In West Vancouver, which is sometimes said to be the wealthiest municipality in Canada, home prices have fallen 5.6 percent. Sales are down 20 percent from a year ago. Vancouver is not alone.