Canadian residential real estate prices have hit an obscene valuation, even when sandbagged. National assessment value hit $6.1 trillion in 2020, up 2.5% ($146.0 billion) from a year before. It’s not quite the growth rate you’d probably assume from monthly home sale reports. However, it is a mind-blowing amount considering this is a conservative estimate. The Queen should totally take out a HELOC on the country and buy herself a nice hot tub.
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