Agent86
Registered User
Driven by 2 primary factors - safe haven for foreign cash (despite gov't efforts to curb) and lack of development space (surrounded by water, mountains and US border).Try living in Vancouver! Minimum price for a house in the city is $1,000,000. Crappy rebuild houses go for $2 million+ very often.
The blog below looks at some of this but misses the fact that Canada has one of the highest household debt levels in the world (driven by said house prices) and stagnant income levels (for past 35+ years, inflation adjusted). Won't be pretty when things turn and most youngins today didn't live in the 17%+ mortgage interest rate days of the late 80's when it did get real ugly.
The Average Canadian Household Net Worth Is Huge!
Back to the topic at hand, last nights game -WOW. What a team!