Canada Economics Weekly
Housing bubble a national problem
The latest Teranet National Bank house price report, released last week, provided a timely counterbalance to the growing belief that Canada's housing boom is being driven solely by Chinese purchases of high-end homes in Vancouver. The regional breakdown shows that the annual growth rate of house prices in Vancouver is barely above the national average. Instead, homes in the east of the country have enjoyed the fastest rate of price appreciation over the past year.
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