New figures show Canadian housing prices outpacing those in other developed countries. (Black Press Media file photo)

New figures show Canadian housing prices outpacing those in other developed countries. (Black Press Media file photo)

Canadian housing prices fastest rising in the world

Relative to 2000, housing prices have risen by a factor of more than 2.5

New figures show Canadian housing prices outpacing those in other developed countries.

According to figures appearing in The Economist, Canada led a group of seven developed countries as measured by real housing prices. Starting from a base of 100 in the first quarter of 2000, Canadian housing prices have risen by a factor in excess of 2.5.

RELATED: Greater Victoria real estate expert laments lack of government action on housing supply

This rate places Canada ahead of Australia, France, Britain, the United States, Ireland and Germany. By comparison, housing prices in the United States rose by a factor of 1.5.

This international data appears against the backdrop of growing concerns about Canada’s housing market, with experts and government regulators fearing the market is overheating, if it hasn’t already.


Do you have a story tip? Email: vnc.editorial@blackpress.ca.

Follow us on Twitter and Instagram, and like us on Facebook.

wolfgang.depner@peninsulanewsreview.com

Victoria

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

The Chilliwack Chiefs played their 2020-21 BCHL season finale Sunday against Prince George at the Chilliwack Coliseum. The junior A team will open 2021-22 with an American Hockey League team calling Abbotsford home. (Darren Francis photo)
Chilliwack Chiefs viewing Abbotsford AHL arrival as an opportunity

The junior A BCHL club hopes to strike up a friendly relationship with the unnamed Canucks affiliate

Trina Hunt’s remains were found in the Hope area on March 29. Her family is asking the public to think back to the weekend prior to when she went missing. (Photo courtesy of IHIT.)
Trina Hunt’s family appeals to killer to step forward after remains found in Hope

Cousins also ask Hope residents to think back to weekend Port Moody woman was in the area

Chilliwack real estate may finally be moving towards a buyers' market, according to the local real estate board. (Paul Henderson/ Chilliwack Progress file)
Chilliwack real estate sales forecast to see the highest increase in B.C. in 2021

BCREA second quarter forecast predicts 51.6% jump in sales this year, 20% rise in prices

Damian Dutrisac went missing while fishing the Fraser River on May 7, 2021. (Facebook/ Damian Dutrisac)
GoFundMe campaign started for missing Fraser fisherman

Anyone with ‘a boat, time, or a drone’ to search the Fraser on May 12 is being asked to help

...
Fraser Valley Bandits team with Fraser Health to encourage vaccination

Professional basketball team urges those qualified to receive shot to ease life back to normalcy

A bullet hole is seen in the windshield of an RCMP vehicle approximately 4 km from Vancouver International Airport after a one person was killed during a shooting outside the international departures terminal at the airport, in Richmond, B.C., Sunday, May 9, 2021. THE CANADIAN PRESS/Darryl Dyck
Homicide team IDs man in fatal YVR shooting as police grapple with spate of gang violence

Man, 20, charged in separate fatal shooting Burnaby over the weekend

Keith MacIntyre - BC Libertarian
Penticton’s Keith MacIntyre new leader of the B.C. Libertarian Party

The Penticton businessman was voted in by members of the party on May 8

RCMP are searching for Philip Toner, who is a 'person of interest' in the investigation of a suspicious death in Kootenay National Park last week. Photo courtesy BC RCMP.
Man sought in suspicious Kootenay death found in Lake Country

Philip Toner is a person of interest in the death of Brenda Ware

Vernon North Okanagan RCMP reported to 287 mental health calls between Jan. 1, 2021, and May 1. (Black Press files)
‘It’s not the police’s responsibility to deal with mental health calls’: Vernon RCMP

RCMP remind public to take care of mental health and well-being, while better solutions are sought

Thompson Rivers University campus is in Kamloops, B.C. (KTW file photo)
Thompson Rivers the 1st B.C. university to supply free menstrual products

The university will offer the products this September

Join Black Press Media and Do Some Good
Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Fraser Health is using ‘targeted’ vaccination clinics in high-risk areas of the Lower Mainland. (Fraser Health photo)
B.C.’s COVID-19 decrease continues, 515 new cases Tuesday

426 seriously ill people in hospital, up from 415 Monday

The site of Sunfest, Laketown Ranch, will be open for camping this summer. (Citizen file)
Sunfest country music bash won’t be shining on B.C. in 2021

Annual Vancouver Island Festival cancelled due to COVID-19, along with Laketown Shakedown

Most Read