CLICK "REAL PRICE OF REAL ESTATE" CHART TO ENLARGE
The "Real Price" of Vancouver, Calgary & Toronto Real Estate
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The chart above shows the "real price" of Vancouver, Calgary and Toronto SFDs when looked at from the point of view of the CCI (BoC Canadian Commodity Index) and Borrowing Costs which are the main input costs apart from operating expenses and tax. If borrowing costs remain at historic lows and the CCI drops with any drop in the nominal price, then this chart will keep the real estate bulls happy as the real price will remain elevated. Low rates and muted commodity prices are are keeping the spirits elevated.
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