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Interesting that the Canadian economy is also almost 4x bigger than it was in 1989.
by jp555 8y ago
Interesting that the Canadian economy is also almost 4x bigger than it was in 1989.
- graeme 8y agoIt's not. We had a housing bubble that's still working itself out.
- jp555 8y agoCredit has been nearly free for a long time. Cheap money increases buyer leverage, which translates into higher prices. Plus large numbers of immigrants in big cities a big factor. Buying a home is generally #1 focus of new Canadians, They’re a big enough block of market participants to move prices. Lots of other factors of course. I imagine since R/E market is hyper local, country-wide stats won’t really give an accurate picture postal code to postal code.