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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 ...
Canadian house prices will rise sharply in 2021, supported by ultra-low interest rates and robust demand driven by massive fiscal support, according to a Reuters poll of analysts who however said ...
Canada Mortgage and Housing Corporation
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."
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.
Real-estate bubble
Is the housing market going to crash? What the experts ...