M city condos 5.House prices in Canada are 41% higher than those in the United States? The average house price in Canada rose to $383402 in March, 41% higher than the average house price of $271803 in the United States.Please Visit: m city condos 5. to Get Your VVIP Registration Today!
According to a study published recently by Sal Guatieri, a senior economist at BMO, the average house price in Canada is 41% higher than that in the United States when buying a house in US dollars.
The chart shows that the average house price in Canada rose to $383402 in March, 41% higher than the average house price of $271803 in the United States.
This is a big change from 2000, when house prices in Canada were much lower than in the United States.
The real estate markets in Toronto and Vancouver account for half of Canadian housing transactions. House prices in these two cities have been rising all the time.
In Dawen, the benchmark price for detached houses increased to C $1403200, to 30.1%, up 117.3% from a decade ago.
Meanwhile, in Toronto, the average price of a detached house was $1.25 million, up 18.9% from the previous year.
A major feature of American culture is that young people are very independent. Most people live apart from their parents as soon as they graduate from high school and go to college or go out to work. In the future, very few people will go back to their parents and live under the same roof with their parents. But since the 2008 financial crisis, the phenomenon of young people living with their parents has increased. According to an analysis by the Pew Research Center, 32.1 per cent of 18-to 34-year-olds lived with their parents in 2014, slightly higher than the 31.6 per cent living with a spouse or partner for the first time in 130 years, that is, nearly 1/3 of young people now choose to live with their parents. It shows that the number of millennials in the United States is increasing, and it also shows the great influence of economic changes on the social structure and cultural concepts of the United States.
According to the statistics of a French private education foundation, there are 1.3 million young people over the age of 25 in France who still live with their parents. According to the latest figures from Eurostat, 36.5 per cent of French people between the ages of 18 and 34 live with their parents, while at least 45 per cent of Belgians of the same age live under the same roof as their parents, with 49.8 per cent of men and 40 per cent of women.
According to a report released by a British insurance company, about 2.8 million young people in the UK lived with their parents in 2015, and if house prices continue to rise, that number will increase by another 1 million over the next decade. Figures show that the average house price in the UK rose 52 per cent from 2005 to 2015, while the number of young people aged 21 to 34 living with their parents also increased by 32 per cent over the same period, accounting for 23 per cent of the total number of people in this age group. However, the average wage of the British people increased by only 14% during this period. The ability to pay for a house is an important reason for people to decide whether to live with their parents or move back home, the report said.