Canada's Housing Market Is Cooling. Is the U.S. Next?
If you thought the U.S. housing market was on fire, Canada's housing market has been scorching. That nation's home prices rose 26% year over year in 2021, the highest level on record, while certain provinces like Ontario have seen home prices jump on average as much as 50% this past year.
But this spring season, while the snow is melting, the housing market is cooling. With our proximity and similar housing markets, will the U.S. be next?
The Toronto skyline. Image source: Getty Images.
Source Fool.com
