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Some developed countries with affluent people are also plagued by high house prices, such as Canada, one of the countries where Chinese people are most keen to buy houses overseas.
There have been many reports about high house prices in Canada, which are nothing new, but it is worth noting that as house prices continue to rise, more and more research institutions have begun to warn of the risk of house price collapse in Canada.
New home sales prices in Canada rose for two months in a row, up sharply from the same period last year, according to data released by the Canadian Mortgage Real Estate Corporation (CMHC). The average price of a new home in Canada in April was C $751881 (US $559123), according to data. In Canadian dollars, it rose 11 per cent year-on-year; in dollar terms, the increase was more moderate, at 2.64 per cent.
So whether the trend of house prices is high in the end, we can compare it with the United States, which borders it.
Compared with Canada, house prices in the United States fell over the same period. The average price of a new home in the United States in April was C $495271 (US $368300), according to the U.S. Commerce Department’s Census Bureau (US Census Bureau). In Canadian dollars, it is down 0.49% from a year earlier; in dollar terms, it is down 3% from a year earlier.