Canada's unhinged housing market, captured in one chart

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Canada’s rate of housing prices increase has given rise to a new economic term to describe the market: ‘shelter inflation\u0027

Canada’s rate of housing prices increase is far more than any other developed market in the world and has given rise to a new economic term to describe the market: ‘shelter inflation.’

As Doyle explains, and as the charts above illustrate, incomes and housing prices in Canada and the United States have kept a fairly similar pace throughout the decades since the 1970s, and stayed in lockstep until late in the 2000s. As Doyle explains, the crash of 2008/09 had a big impact on American investor psychology. “In the U.S., they don’t see housing as a safe asset.

His concern is what happens into 2023 and beyond, once interest rates start climbing. People who bought homes at market peaks in 2019-2020 will then be facing mortgage renewals at higher rates.

 

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It is illegal to own another man it should be illegal to own another man’s home. CriminalizeRent collection on primary residences.

Canada’s a growing country and we have crappy municipal governments making rules that limit supply.

What we are looking at is a bubble forming just like 2007

I wonder do you guys have foreign corporations buying all your SF Homes too?

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