Housing Has Outpaced Wages by 700% – But That May Be Ending Now
Since the 1980s, Canadian real estate prices have increased 700% faster than wages, and the consequences of that imbalance are starting to surface across the country. In this episode, we unpack a dramatic shift in the housing market that could signal the end of a four-decade bull run. We begin with new data showing that real wages have barely moved in 43 years—up just 24%—while real estate values, even after recent declines, are still up over 160% after inflation. That divergence has fuelled ...