NEEPAWA, Man. — Like an impending disaster, the housing market in two of Canada’s largest cities is hard to take your eyes off of. While we may be watching from a safe distance, one way or another, it’s going to have an impact across the country.
A decade ago, our decision to move back to Manitoba was prompted in part by the high housing prices in Vancouver. Over the last 10 years, prices have only climbed higher. In January 2016, the average price for detached houses in the Lower Mainland (which includes more than just the city of Vancouver), hit a high of $1.83 million, well beyond the reach of most average homeowners.