I saw this chart being sent around in the Twittersphere today.  It shows the dramatic divergence in the pricing of Canadian vs US housing over the last six years.  Canada is represented by the red line and the US by the blue line.

It also raises the question:  How are Canadians on average able to pay this much for housing considering the fact that Americans were not able to do so?  And, is this sustainable?

Is there that much foreign money seeking Canadian real estate assets?  The trouble with all this is that the Canadian government does not keep stats on this.  So, we will never really know.

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