One of the effects of the last 7+ years of state imposed ZIRP & NIRP and mortgage default insurance subsidies is that the “value” of money has been destroyed.

Not only does cash (money) ‘feel’ as if it has no value but realtors and developers also don’t know what the value is of the product they are selling, because their value of money is being defined by a market seized by mania that is willing to pay more today than was spent to purchase yesterday and all along the way, agents in the market and government give their approval to a dynamic that will reach a limit (if not already reached in certain markets) UNLESSearnings improve.

….continue reading HERE

related: April CDN Real Estate: Rocketing Straight Up.

The three best places to invest in the past 12 months were BC’s Fraser Valley Up 30%, Battlefords Saskatchewan up 19%, and even in Alberta thats been strangled by lower Oil prices and an anti-Oil Government Calgary managed to end the year to the upside.

….read more HERE

related: The 6 Largest Canadian Cities – April CDN Real Estate: Rocketing Straight Up

Canadian Real Estate smashes upwards to all-time record highs while Oil, Stock Market and Precious Metals are all remain down from their peaks.

The chart above shows the average detached housing prices for Vancouver, Calgary, Edmonton, Toronto*, Ottawa* and Montréal* (the six Canadian cities with over a million people). 

….read the entire analysis HERE

 related:

Vancouver Blows Toronto Out of the Water in every category from condo’s to single family dwellings

Higher Average Prices in Vancouver than GTA:
45% more for a SFD
13% more for a Town House
16% more for a Condo

….for analysis go HERE

related:

Canadian 6 City Real Estate Comparison