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I think point 5 is likely important to recognize. The CAD to USD ratio has dropped dramatically (Currently 1 USD = 1.33 CAD). If you picked the exchange from 5
by verelo 10y ago
I think point 5 is likely important to recognize. The CAD to USD ratio has dropped dramatically (Currently 1 USD = 1.33 CAD). If you picked the exchange from 5 years ago you see it was 1 USD = 1 CAD, if you do 10 years it was 1 USD = 1.07 CAD.
I'd argue that at least 20% of the price increase we're dealing with today is related to inflation.
- dpc59 10y agoThen how come there isn't a 20% increase in cities like Québec, Montréal, Calgary or Winnipeg?
- verelo 10y agoHave you visited those cities? I don't find it surprising at all. Quebec / Montreal: historical politics pushed investment to toronto when separation was on the table and pushed by certain political groups (again bumping toronto prices and not helping those areas at all!) Winnipeg / Calgary: isolation from other large cities, colder climate, less immigration friendly.
- joshlemer 10y ago>Winnipeg / Calgary: isolation from other large cities, colder climate, less immigration friendly. Isn't Manitoba one of the easiest provinces to immigrate to?