Report from British Columbia based Pacifica Partners Capital Management
- Home prices in 6 major Canadian markets are off from their all time high. Calgary and Edmonton reached all time price highs over five years ago
- In Vancouver, considered Canada's "bubbliest" city, average single family home sale prices are down over 14% from their highs.
- Canadian home starts are now declining at the fastest rate since the financial crisis
- All major components of home ownership have risen more than core inflation, including replacement costs, property taxes, insurance, maintenance, furnishings, miscellaneous expenses
- Mortgage interest expense has dropped 11.7%
- Canadian companies shed 105,400 jobs in March and April 2013