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Why Canadian home prices are bulletproof

You've probably seen some version of these two charts before, they highlight the insane run-up in Canadian house prices compared to their richer neighbours to the south.The spread is clear here:It's led to outrageous house prices and looks unsustainable, especially with benchmark 5-year benchmark Canadian mortgage rates near 5% but the market hasn't cracked.Here's the char that explains why, from @benrabidoux. It shows Canadian permanent resident admissions, including a record 183,000 admissions... Read More

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Posted: Jun 9 2023, 14:15

Author Name: forexlive

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