US vs Canada - Which Has Better Housing Market?

Home prices across most of the U.S. have recovered from the 2008 real estate crash. According to Point2Homes, the average American pays almost 25% more today than 2008 to buy a home while in Canada, where home prices did not crash, prices have increased by 56%. In the last ten years, U.S. median income increased 18% while Canadian median income went up about 15%. The Canadian dollar lost one-fourth of its buying power compared to the United States dollar - going from close parity in 2008 to a much lower exchange rate today.

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