Jim Letourneau's Blog

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Canada's Housing Bubble

...oh wait, we didn't have one.

I was intrigued by Canada's housing market after reading about a major home sale in Calgary last week. If there was a city that might be due for a housing decline it would be Calgary. Turns out prices are only down ~7% from last year according to data from the Canadian Real Estate Association.

Canada's MLS Residential Average Price

Canada MLS YOY % Change by Province