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Tuesday, June 04, 2013

The Canada - United States House Price Gap - Something's Gonna Give


http://viableopposition.blogspot.ca/2013/06/the-canada-united-states-house-price.html

A recent report by BMO's Doug Porter looks at the growing gap between house prices in the United States and Canada.  For at least two and a half decades, house prices in the two nations tracked each other, however, as the median price for a home in the United States began to fall in early 2006, Canada's housing market went in the opposite direction.

Here is a graphic showing the divergence with Canada's mean home sales price in red and the U.S. in blue:

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