4 ms·

> the speed it's increasing is insane. I suppose you are referring to rent? On average, the price of buying a Canadian home in nominal dollars hasn't really ch

• snapplebobapple 2y ago
  Have you looked at this per province or per 1mm+ population city, rather than a Canada wide average? I don't think it's true if you use the proper data scope because the places that went absolutely bonkers (toronto area, vancouver area) have had a pull back from insane while the places that were only bad (i.e. Calgary, Halifax, probably montreal and Winnipeg) have pushed significantly higher. The places that were totally unaffordable haven't become affordable, they just became less unaffordable and the places that were previously somewhat affordable have become much less so. On top of that, most of the brown field development is catastrophically affecting rent because it's chopping the bottom end out of the rental market as it is redeveloped at the same time demand is surging from immigration.
  • randomdata 2y ago
    > Have you looked at this per province or per 1mm+ population city, rather than a Canada wide average? Not exhaustively, but it is as true nationally, as it is in Toronto, Vancouver, Calgary and even many rural areas. Sure, there is probably some outlier – there always is – and CREA (Canada's unfortunate source of housing price information) doesn't collect/publish data for every last nook and cranny of the country anyway, but the general trend is abundantly clear.