New data from the world’s largest central bank serves a reminder of just how batsh*t crazy Canada’s real estate bubble is. Housing bubble experts from the US Federal Reserve Bank of Dallas (Dallas Fed) released its latest update of global home prices in Q3 2023. Most G7 countries moved in a similar fashion, rising with 2020 rate cuts and have shown recent moderation. However, zooming out reveals Canada’s real estate bubble is nothing like any other G7 country. It puts the peaks seen in US and Japanese bubbles to shame, predating its recent population boom narrative.
