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It's not. We had a housing bubble that's still working itself out.
by graeme 8y ago
It'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.