Tuesday 7 May 2013

Canadian Housing Bubble Exceeds the US Bubble

We were  warned before but we chose not to listen. After all, we have winter for six months a year making our homes more expensive to build and maintain. That totally justifies nearly double the cost of real estate compared to our neighbours down south.  In fact, this is something to be proud of!

It's incredible what Canadians will let themselves believe.

I have compared the Canadian real estate market to the real estate market in Germany before and the verdict was clear. Canada has a housing bubble.

Today, let's take a look at home prices in the true north and home prices of our neighbours below for comparison. I have used two different data sources, one from the OECD, and one from the Dallas Federal Reserve Bank. Both data sets paint the same picture: the Canadian housing bubble exceeds the US real estate bubble in terms of price appreciation.

The graphs below require no further comments.

















Note: The two graphs above are based on data from two different sources, using different methodologies. Yet they both come to the same conclusion.

See also: Canadian Housing Bubble - Charts, Facts, Opinions

                      Is There a Housing Bubble in Canada?


 

Disclaimer

The information presented on this website is purely for entertainment purposes and should not be considered as an investment advice or any kind of advice at all. Statistics presented on this site are not guaranteed to be accurate, and there could be errors in the information presented on this site. However authors do try to present information as accurately as possible. The opinions of the authors and commentators are just that, opinions! Please always make up your own mind about things in life, and never take things for granted, including on this site. Hope you have a great day!

Contact Me

You can reach the authors of this site by emailing to: torontocondobubble (at) gmail.com Authors of this website try to cite all their information sources to the best of their abilities. If for some reason you believe we infringed on your copyright, please email us and we will fix it as soon as possible!

Privacy Policy

Please familiarize yourself with our Privacy Policy