Canadian home prices have been growing at a breakneck speed, and incomes aren’t even close to keeping up. Organisation for Economic Co-operation and Development (OECD) numbers show Canada topped the house price to income index. Canada’s gap between house price and income growth grew so fast, it tops the list of high-income, advanced economies. House […]
The OECD House Price-To-Rent index shows a parabolic rise for Canada, which means home prices have never been this far detached from reality.
Latest report from the OECD says a correction in Canadian real estate “threatens the financial stability” of Canada.