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

Just Posted

A Gofundme campaign is underway for Salmon Arm man Tim Kubash who was injured in an accident on May 5. (Contributed)
Friends step up for Salmon Arm man facing big life reset

Gofundme campaign underway for Tim Kubash after life-altering accident

Song Sparrow Hall producer and sound engineer Craig Newnes with Darrin Herting from Jimmy Two Shoes & the Lost Soles prepare to record for The Wharf Sessions. (Kate Fagervik photo)
Wednesday on the Wharf makes 2021 debut as digital offering

Variety of musicians and musical styles recorded in The Wharf Sessions

Two people were killed in an April 6 collision on Highway 1 east of Salmon Arm. (RCMP Image)
RCMP correct cause of fatal April 6 collision on Highway 1 near Sicamous

Crash resulted in the deaths of both drivers involved

Completion of the Solsqua-Sicamous Bridge isn’t expected until spring 2022. (District of Sicamous photo)
Sicamous bridge completion pushed to spring 2022

Overnight crossing delays expected at Solsqua-Sicamous Bridge, May 19-21

A prowling coyote proved no match for a stray black cat who chased it out of a Port Moody parking lot Friday, May 14. (Twitter/Screen grab)
VIDEO: Little but fierce: Cat spotted chasing off coyote by Port Moody police

The black cat is seen jumping out from under a parked car and running the wild animal out of a vacant lot

Coldstream Fire Department was quick to arrive and knock down a fire Sunday, May 16, in a Matner Lane orchard just up the hill from the firehall on Aberdeen Road. (Jennifer Smith - Morning Star)
Coldstream fire crews quick to knock down blaze

Fire broke out just before 2:30 p.m. on Matner Lane, which is just up the hill from the firehall on Aberdeen Road

WorkSafe BC is out in the Interior making sure wineries, cideries and breweries are adhering to COVID-19 safety protocols. (File photo)
WorkSafe visiting Interior wineries, cideries and breweries ahead of tourist tasting season

40 field inspections and 35 consultations are expected over next few weeks

B.C. RCMP released these two photos of Erick Fryer (left) and Carlo Fryer (right). The two brothers from Kamloops were found dead near a remote road in Naramata May 10, 2021. (RCMP photo)
Slain Kamloops brothers found near Penticton not likely connected to recent B.C. gang wars: RCMP

Police confirm the bodies found near Naramata as Erick Fryer, 29, and Carlo Fryer, 31

Several RCMP cruisers stationed out front of Kelowna’s Global Fitness following a shooting on the morning of Monday, March 29. The shooting was later revealed to be gang-related. (Michael Rodriguez/Capital News)
B.C.’s top gangs are operating in Kelowna: RCMP

‘We have all of the major gangs in Kelowna,’ said Supt. Kara Triance

Crews battled a grass fire behind the Tolko mill along the railway tracks off Otter Lake Cross Road in Spallumcheen Monday, April 26. (Caitlin Clow - Morning Star file)
Reports of man lighting Vernon fires with blowtorch

Grassfires sparked near train tracks, behind bottle depot

Kelowna RCMP precinct. (Michael Rodriguez/Capital News file)
Kelowna RCMP promotion process tainted with bias: federal judge

An officer was passed over for a promotion in 2015

A restaurant server on White Rock’s Marine Drive serves customers on a roadside patio. Indoor dining and recreational travel bans have been in effect since late March in B.C. (Peace Arch News)
B.C.’s COVID-19 infection rate falls to 411 cases Tuesday

360 people in hospital, up slightly, two more deaths

The Banff National Park entrance is shown in Banff, Alta., Tuesday, March 24, 2020. THE CANADIAN PRESS/Jeff McIntosh
Minister asks Canadians to camp carefully in national parks as season starts

Kitchen shelters in Banff National Park closed, trails on Vancouver Island will only be one-way

Most Read