Image of the day: G7 home prices vs. construction costs
An international comparison
Canada is the third line from the top (dashed line, purple). I expect that the gap between Canadian home prices and construction costs is primarily due to the GTA and Metro Vancouver, which are very restrictive. In Montreal, for example, there’s no such gap.
Supply constraints increased prices of apartment condos in Canadian cities (CMHC, December 2018)
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Supply constraints increased prices of apartment condos in Canadian cities. CMHC, December 2018. There's a huge gap between the construction cost to add another floor and its…
I feel like this chart would be much more interesting if it hadn't been indexed to 1985