Canadian Home Prices: A 47-Year Market Story
Posted by Christopher Audette on
If you want to understand where Canadian real estate is headed, the best place to start is where it's been. Forty-seven years of annual price data from the CREA MLS dataset, covering 1980 all the way through 2026, tells a story that's more reassuring, more nuanced, and more useful than anything you'll read in today's headlines. And once you see the full picture, the current soft correction looks a lot less alarming.
The Opening Chapter: 1980 to 1995
The story starts with a bang. Canadian home prices jumped +18.9% in 1981, one of the strongest single-year gains in the entire dataset. But what goes up in an overheated market often pulls back, and 1982 brought a -2.7% correction as interest rates spiked dramatically. Sound familiar?
What's…
1183 Views, 0 Comments