The U.S. housing market was even harder hit by the 2008/9 recession than here in Canada. The sub-prime crisis brought many homeowners to financial insolvency, and foreclosures soared south of the border.
But how have Canada and the U.S.’s housing sectors fared since then – and which market has done better?
The U.S. housing market was even harder hit by the 2008/9 recession than here in Canada. The sub-prime crisis brought many homeowners to financial insolvency, and foreclosures soared south of the border. But how have Canada and the U.S.’s housing sectors fared since then – and which market has done better?
This infographic from a new study by real estate website Point2Homes tells the story of the past decade in real estate across both countries. And in terms of housing affordability, there is a clear loser (hint: it’s the country where prices didn’t totally plummet in 2008).
The study also examined homeownership rates, median incomes and rental price increases in both Canada and the U.S.
- Joannah Connolly, Glacier Media Real Estate
