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Canadian house prices are up 40% in the last 15 years. That's less than inflation. Yes, they are super expensive, but they were even more super expensive 15
by bryanlarsen 3y ago
Canadian house prices are up 40% in the last 15 years. That's less than inflation.
Yes, they are super expensive, but they were even more super expensive 15 years ago. Canada didn't get the 2008 crash that the US did.
- office_drone 3y agoThat can't be right. GTA and Vancouver home prices are 3 times what they were in 2009.
- bryanlarsen 3y agoVancouver average detached was $1.2M in 2008, it's $1.8M now. That's not 3X.
- office_drone 3y agoAccording to a realtor association site [0] the 'Residential - All Types' price for 'Greater Vancouver' went from $466,500 in March 2009 to $1,196,800 in March 2024. That is a 2.57x multiple. [0] https://www.gvrealtors.ca/market-watch/MLS-HPI-home-price-comparison.hpi.all.all.all.2024-3-1.html https://www.gvrealtors.ca/market-watch/MLS-HPI-home-price-co...
- bryanlarsen 3y agoThis is what I went from. https://globalnews.ca/news/2531266/one-chart-shows-how-unprecedented-vancouvers-real-estate-situation-is/ https://globalnews.ca/news/2531266/one-chart-shows-how-unpre... Those numbers look a lot closer to my experience than yours. All three lines show a ~50% price increase.