Monday, March 21, 2022

Growing Gap Between House Prices And Incomes

Canadian Real Estate Prices Grew 42% Faster Than Household Incomes

A recent report in Better Dwelling points to an alarming gap in Canadian housing prices related to Canadian incomes.
 

"Canadian real estate prices are pushing the limits of affordability. Not just for Canada, but any advanced economy. Canada came in second on the OECD house price to income ratio index. The index, measuring an affordability fundamental, shows the country’s housing is severely overvalued."

Most Overvalued Real Estate In G7


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