Why are housing prices high in Canada?

First of all, housing prices in Canada are not high. High housing prices only appear in some big cities and rich areas around big cities. Especially in the Greater Vancouver area and greater toronto area.

Canada is a country of immigrants. After new immigrants came to Canada, they mainly chose to live in cities with good livable conditions and many job opportunities, which led to the rise of housing prices in these cities to some extent.

In addition, Canada's mortgage is more relaxed and the interest rate is low, which is more conducive to real estate investment.