Hacker News new | ask | show | jobs
by bryanlarsen 810 days ago
Canadian house prices are up 40% in the last 15 years. That's less than inflation.

Yes, they are super expensive, but they were even more super expensive 15 years ago. Canada didn't get the 2008 crash that the US did.
1 comments
office_drone 810 days ago
That can't be right. GTA and Vancouver home prices are 3 times what they were in 2009.
link
bryanlarsen 810 days ago
Vancouver average detached was $1.2M in 2008, it's $1.8M now. That's not 3X.
link
office_drone 809 days ago
According to a realtor association site [0] the 'Residential - All Types' price for 'Greater Vancouver' went from $466,500 in March 2009 to $1,196,800 in March 2024. That is a 2.57x multiple.

[0] https://www.gvrealtors.ca/market-watch/MLS-HPI-home-price-co...

link
bryanlarsen 809 days ago
This is what I went from.

https://globalnews.ca/news/2531266/one-chart-shows-how-unpre...

Those numbers look a lot closer to my experience than yours.

All three lines show a ~50% price increase.

link