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Canadian real estate avoided US boom-bust. Now what?

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SoldAtTheTop

(Read caption) Canada's housing prices haven't gone through the bome and bust that America's have.

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Teranet/National Bank of Canada produces a complete line of Canadian home prices indices using the same repeat sale methodology as the S&P/Case-Shiller allowing for an interesting comparison against home prices here in the US.
 
 Mashing-up the Teranet/NBC Composite-6 index to the S&P/CSI Composite-10 both rebased to the year 1999 provides a pretty decent “apples-apples” comparison as both the Teranet/NBC Composite-6 and S&P/CSI Composite-10 share the purpose of narrowly including just the top largest metros for their respective country.
 
 Looking at the chart (click for full-screen dynamic version) you can see that while the Teranet/NBC index is currently showing a pretty exceptional rebound with annual percentage increases of nearly 10.39%, it still has a ways to go in order to match the pre-bust US levels.
 
 Further, both series are showing a notable slowdown to price appreciation on a year-over-year basis.
 
 Browse the full catalog of Canadian home price indices provided by Teranet/National Bank of Canada.
 
 

U.S. vs Canadian Housing Price Mashup!: August 2010

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from Paper Economy - A US Real Estate Bubble Blog by SoldAtTheTop

Teranet/National Bank of Canada produces a complete line of Canadian home prices indices using the same repeat sale methodology as the S&P/Case-Shiller allowing for an interesting comparison against home prices here in the US.
 
 Mashing-up the Teranet/NBC Composite-6 index to the S&P/CSI Composite-10 both rebased to the year 1999 provides a pretty decent “apples-apples” comparison as both the Teranet/NBC Composite-6 and S&P/CSI Composite-10 share the purpose of narrowly including just the top largest metros for their respective country.
 
 Looking at the chart (click for full-screen dynamic version) you can see that while the Teranet/NBC index is currently showing a pretty exceptional rebound with annual percentage increases of nearly 10.39%, it still has a ways to go in order to match the pre-bust US levels.
 
 Further, both series are showing a notable slowdown to price appreciation on a year-over-year basis.
 
 Browse the full catalog of Canadian home price indices provided by Teranet/National Bank of Canada.

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