Over time, the main drivers of home prices are incomes and interest rates.
Average home prices are up almost 60 per cent in the GTA and 70 per cent in Metro Vancouver.
Sale prices in the Greater Toronto Area at the end of 2016 were almost 110 per cent higher than a decade prior.
More than 80 per cent of Canadians live in towns, cities and suburbs.
In today's budget, B.C. NDP Finance Minister Carole James said the government’s housing plan will be “comprehensive."
The price of homes—like the price of anything—is determined by both demand and supply.
Across the Greater Golden Horseshoe it takes an average of 18 months to obtain a building permit.
Historically low interest rates have enabled families to more than double their mortgage borrowing power since 2000.
From 2000 to 2014, the maximum mortgage for the average family grew by 126 per cent.