How Canadian Real Estate Went Crazy

Source: Wikimedia Commons Originally posted to Flickr as English Bay, Vancouver, BC

Vancouver is not all that far from Seattle and Toronto isn’t all that far from New York, but the real estate markets are very different in the United States and Canada. According to an analysis in The Globe and Mail, while Americans earn a little less than Canadians on average, the cost of living in Canada is much higher. One of the major drivers of that is real estate. Let’s take a look at what has been happening lately in the real estate market to our north. Continue reading