This Week’s Top Stories: Home Prices (Not Incomes) Grew Faster In Canada, And Down Payments Take Decades
Canadian home prices have grown much faster than those in the US, but data shows incomes haven’t. From 1975 to 2020, the growth rate of Canadian home prices was 162.2% higher than the US growth rate. Over the same period, Canadian disposable income only grew at a rate 0.7% faster than in the US. The extra growth means Canada expects more recent buyers to devote significantly more income to shelter, than in the US.
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: Better Dwelling
Original Article Posted on: