New research by Canada Mortgage and Housing Corporation (CMHC), published October 20, finds that inflation-adjusted house prices in Canada have more than doubled since 2005, rising faster than most developed countries. Canada also has fewer homes per capita, leaving it more exposed to affordability pressures as demand grows. The study examines whether Canada's trend is part of a wider pattern or driven more by domestic factors. CMHC Deputy Chief Economist Aled ab Iorwerth says demand grew faster than supply for longer than in many comparable countries, and that understanding why can help identify the changes needed to improve affordability.
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Original headline: Why have Canada house prices outpaced other countries ?
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