While housing prices in Canada dipped slightly in 2022, they remain much higher than a decade ago.

 

Housing prices were up 48% last year compared to 2013, when the average price of a home was C$522,951.

 

Meanwhile, the average household income for Canadians has struggled to keep pace to rising home prices. The latest data indicates the median after-tax household income grew 9.8% from 2015 to 2020.

 

 

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