Canada in 12th place internationally…Hong Kong in first place with a 27.6%-per-cent gain during 2009…
Economists have marveled at Canada’s housing market during the recession, as it continues to rack up significant price gains. But the country is a laggard globally, failing to make the top 10 in home price appreciation last year, according to a survey.
Canada was in 12th place internationally with a 5.2-per-cent year over year gain in 2009. Those are respectable numbers, especially during an economic downturn, but they pale in comparison to the top markets.
Read the full article, “Canadian home prices no match in the global picture” at yourhome.ca (April 22, 2010).