Canadian housing continues to sizzle
- Highest annual rise since Nov 2017
- Prior was +8.1%
- Prices up 0.9% m/m vs +1.3% prior
At the start of the pandemic, the CMHC predicted a 9-18% drop in Canadian house prices. They were one among many who underestimated the power of low interest rates and government spending. You can get a 1.4% mortgage in Canada.
