Global Property Guide

Financial Information for the Residential Property Buyer


Ec. Freedom 5 Years - Canada Compared to North America

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Click name of country for detailed information
USA -1.52%
Canada -1.74%
 

Canada: Economic freedom index, 5-year change

Increased economic freedom is strongly associated with high GDP growth, and therefore with rises in residential property prices. Changes in a countrys score on the Heritage Foundations freedom index are calculated by the Global Property Guide to produce a 5-point rating:

  • Greatly Improved
  • Improved
  • Nuetral
  • Worse
  • Much Worse


Source: Calculated using figures from The Heritage Foundation and the Wall Street Journal


Canada has some of the best housing data in the world. National Bank releases a monthly house price index composite of 11 cities. The Canadian Mortgage and Housing Corporation (CMHC) has statistics on house prices, housing construction activities and rent. CMHC's Housing Market Outlook and Rental Reports summarize this data. The Canadian Real Estate Association (CREA) produces forecasts of house sales activities and has statistics on median house prices (MLS). Scotia Bank reviews current developments in the real estate market.

General economics statistics are available from the Reserve Bank of Canada. There are also weekly updates of economic trends from the Bank of Scotia.