Tuesday , 21 March 2023

Canadian Real Estate Prices Almost Doubled vs. the U.S. in 2021!

The U.S. Federal Reserve (the Fed) updated its real home price index for Q3 2021. All G7 countries are seeing home price growth, but nowhere is quite like Canada. Canadian real estate prices are some of the fastest growing in the world, and have been for some time. 

@$In Canada, real estate prices have grown almost double the rate of the U.S. over the past year (21.4% annual growth vs. 11.6%) . Since 2005, home prices have grown over 900% faster than American prices. Nothing else in the G7 even comes close to Canada.  @HELP

…Few in Canada think its real estate prices are a significant cause for concern. That appears to result from the numbing of seeing it happen for an extreme amount of time.

As of Q3 2021, Canadian home prices have increased 140% since 2005. This is 819% faster than the 15.3% real growth the U.S. has seen. The next closest country to Canada in the G7 is Germany at 49.3%, nearly one-third of the increase…

The above version of the original article by Stephen Punwasi (betterdwelling.com) was edited [ ] and abridged (…) to provide you with a faster and easier read.

Editor’s Note

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