Can RE prices have outperformed US prices significantly. I think part of the reason for that is because the effect of the expansion of the CAD supply due to low rates is felt only in Canada. I’m theorizing that skyrocketing real estate prices are a strong indicator of debasement as Canadians end up monetizing their house as their SOV rather than Canadian dollars.
Discussion
Oh, I see. The majority of those printed dollars have definitely found their way into the real estate market, rather than into the expansion of productive assets.
The oecd has stated that Canada will be the laggard over the next 15-20 years due to our lack of investment in infrastructure etc. our productivity gains have dwindled and will continue to hinder our prospects of growth moving forward.