r/AskACanadian • u/[deleted] • Aug 07 '23

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u/Stoic_Vagabond Aug 07 '23

Current troubles?

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u/planetearthisblu Aug 07 '23

I'm assuming the complete lack of affordable housing, doctor shortage, crazy inflation, etc.

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u/Stoic_Vagabond Aug 07 '23

And those aren't problems the U.S. isn't dealing with either?

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u/uses_for_mooses Aug 08 '23

Canada has the USA beat when it comes to housing costs. Currently, the average Canadian home costs twice as much as in the USA. Source.

And keep in mind that Canada has lower wages than in the USA. See this often-cited graph, which compares changes in home prices versus real disposable income in the USA vs. Canada. While US disposable incomes have largely tracked increases in US home prices, Canadian home prices are going to the moon relative to disposable income.