What\u2019s going on here: Scotiabank Economics tracked real house prices in Australia, Canada and the United States over the past two decades.<\/p>\n The takeaway: While the US saw a drop in prices after 2008, Canadian prices have been moving steadily upwards since 1996, surpassing both other countries.<\/p>\n 2. Prices in Toronto and Vancouver are still sky-high<\/strong><\/p>\n What\u2019s going on here: Scotiabank Economics tracked the Home Price Index Composite for Vancouver, Toronto and Calgary from 2005.<\/p>\n The takeaway: While Calgary\u2019s prices have flatlined over the past few years, Toronto and Vancouver\u2019s prices have shot upwards. While Toronto experienced a small dip in the spring of 2017, both cities HPI\u2019s sit well above where they were 10 years ago.<\/p>\n 3. Unaffordability is historically high<\/strong><\/p>\n What\u2019s going on here: RBC economics has tracked the affordability measure of the Canadian housing market \u2014 ownership costs as per cent of household income \u2014 since 1981.<\/p>\n The takeaway: While unaffordability was worse in the 1980s, it remained low throughout the 90s and 2000s, spiking to a historic high over the last two years.<\/p>\n 4. Any way you measure it, prices are up<\/strong><\/p>\n What\u2019s going on here: The Canadian Real Estate Association (CREA) charted the national average selling price of a home and the MLS Home Price Index Aggregate Composite Benchmark since 2005.<\/p>\n The takeaway: Both the average selling price and the HPI have been on a steady course upwards since 2005, tapering off only slightly in January 2018.<\/p>\n 5. Every property type has seen a price jump<\/strong><\/p>\n![\"\"](\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2018\/05\/Screen-Shot-2018-05-03-at-11.23.10-AM.png\")
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