Canadian House Price Escalation - An Interactive Look
I found this interactive graph of real estate prices comparison of the G7 countries (with Spain substituted for Japan) since 2000 on Youtube, which the author, James Eagle, had ingeniously compiled. Watch what happens to Canada when it gets to 2012, as it takes the lead. Wait until the very end, Q4 2020 it'll blow your mind.
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It is very interesting to see the difference between Canada and US! After hearing a senior analyst talking about possibility of Canadian housing bubble and how we are due for a correction, and then seeing this, it's a little worrisome! Though if there will be a correction, it will be felt the most in those major markets of Toronto and Vancouver, where we are not investing.