If Canada is directly compared to the United States I beg to differ. Considering the steps Canada is taking towards Europe I say ‘Oh Canada we stand in guard for thee’
The average home price in Toronto or Vancouver are about equal with the average home price in LA. Montreal rivals New York.
Prices absolutely need to come down.
They do, but I have such little faith in any layer of governance in this country to do that in a meaningful way. The line must go up!
There will be a small correction (underway now in Vancouver for example) but then the march upwards will resume. Real estate in Canada has gotten Too Big To Fail™ after decades of legislative abdication.
If Canada is directly compared to the United States I beg to differ. Considering the steps Canada is taking towards Europe I say ‘Oh Canada we stand in guard for thee’
The average home price in Toronto or Vancouver are about equal with the average home price in LA. Montreal rivals New York. Prices absolutely need to come down.
They do, but I have such little faith in any layer of governance in this country to do that in a meaningful way. The line must go up!
There will be a small correction (underway now in Vancouver for example) but then the march upwards will resume. Real estate in Canada has gotten Too Big To Fail™ after decades of legislative abdication.