I’ve been having a lot of conversations lately with clients and colleagues about the stability of the Canadian real estate market and the fear of a crash. The Canadian media has latched on to the subject and on a daily basis is pumping out sensational news stories of doom and gloom for Canadian real estate. At the same time figures and statistics from the real estate community are showing a different story, especially here in Toronto. (Check out this article from The Star, Bidding wars spark complaint from homebuyers)
In light of all this conflicting media my friends over at Ratehub.ca have created a wonderful info graphic to help you get a handle on the current market. They set out to compare Canada’s housing market today against the US’s in 2007 and outline both the market similarities as well as the fundamental differences that shield Canada from the magnitude of the housing crash that occurred in the American market.
Enjoy and I encourage you to comment below and leave your opinions on the subject. Are we going to experience continuous growth, decline or flatline?