Canada's House Prices Have Skyrocketed Since 2000 & This Video Shows The Harsh Reality
Prepare to be surprised — and not in a good way! A new video shared online shows how much Canada’s house prices have surged since 2000 compared to other countries.
Using data shared by the Organisation for Economic Co-operation and Development (OECD), Twitter-user James Eagle created a clip that shows exactly how Canada’s house prices have risen compared to other countries around the world over 20 years.
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The graphic, which measures the percentage of growth in house prices every quarter between 2000 and 2020, compares Canada with the U.K. and the U.S., as well as several European countries.
In the early 2000s, Canada’s house prices remained pretty consistent. However, things took a turn in 2011 and 2012 as Canada became the country where housing prices had rise the most.
From then onwards, Canadian property prices surged continuously until the last quarter of 2020, with a 168.40% growth rate measured at the end.
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