Canadian Home Prices and Household Income
Long-term wage growth has been disappointing, to say the least, but it’s more of a recent phenomenon. Disposable income grew 79.1% from 2005 to Q4 2021, and 789.3% since 1975.
More bluntly put, 90% of wage growth in the past 46 years came from the first 65% of that period. The remaining 35% only resulted in 10% of total growth. The Great Stagnation of Household Income or A Great Inflation of Asset Wealth.
YOUR CHOICE ;-)
The indexed value of r...
Canada’s Federal Housing Plan Won’t Happen
The prominent economist warns the public not to get too excited since the plan won’t happen. “Dollars to doughnuts this won’t happen, and not for lack of good intentions,” he said. “Canadian completions are already running at the highest level since the 1970s, and will possibly push through that mark soon given there are 340k units (a record) under construction,” said Kavcic.
He shared three key reasons this...
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