Canadian real estate market showing a better growth than other countries of world. Average prices have grown more than twice as fast as family incomes since 2001.
Nationally, home prices are 4.9 times higher than the average household income. A decade ago, that ratio was at 3.2.Some cities are hotter than others. Vancouver's ratio currently sits at 10 times higher than average household income, Toronto's is at 6.7, Montreal's is at 4.5 while Halifax is at 3.8. it seems Canada has manage to come out of world recession.