I read a great article this past summer in
Canadian Moneysaver while I was at the library.
The article was about the impending real estate bubble burst in Canada. The second of four in the series is found
here (well worth keeping it). I decided to analyse Saskatoon data today. It was harder than I thought to find data. I don't know where
this blog gets its data. Using the following sources:
- SRAR Average house prices from 2001-2011
- CHMC Saskatoon rental prices 1992-2011
I plotted this graph for 2001-2011 (download the spreadsheet
here):
The divergence between rental costs and home prices is not sustainable and indicates a real estate bubble. Best to wait for the prices to burst before getting into this market!
I was trying to get more data, but couldn't find it. Remax had a RE/MAX 25 Years of Real Estate Report published in January 2007, but it is no longer available! Too bad.
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