Is Canada’s housing market about to collapse US style?
don’t think so… yesterday I posted my analysis on where the housing market is going from here…
there has been a bit of chatter about Canada facing a US-style housing collapse… I believe we are in for a slowdown but no where near the 50% drop in some US cities
The annual house price increase in US from 1999 to 2006 was almost 2x Canada’s compound annual growth rate (CAGR) from Feb 1999 to the April 2006 peak…
|S&P Case-Shiller Composite-10 (US)||Vancouver||Teranet 6-city Composite (Canada)|
You can view the data here
Update: I have posted an objective analysis on US vs Canada: