The Canadian and Italian exceptions
Jun 28, 2022
We tend to focus the discussions on the US housing market to assess whether a new housing bubble is building. According to the below graph from the Economist, the situation appears however much more stretched in other G7 countries, namely Canada, where house prices have more than tripled in real terms since 2000, Britain ( doubled ) and, interestingly enough, France ( doubled ). We also conclude from this chart that house prices have stagnated in real terms in Italy over the last 2 decades. House prices globally will be affected in case of an economic slowdown and raising interest rates.