Re:Billions in 'unknown' funds flowing into Canada's housing...
by Supermancho on Friday July 30, 2021 @10:34AM
(#28008422)
I don't think so, especially with the relative wealth erosion over the last 50 years. This also doesnt explain the timing. We should have seen a more gradual increase, not such a sharp increase. I suspect it's people cashing out of more expensive southern metropolitan areas (semi/coastal cities). These are investments by climate refugees who can work remotely.
Demographics also plays a role. We saw a massive boom in the 1950s, 1980s, and now in the 2000s. This boom is less sharp, and more spread out then the previous ones.
The war generation all had kids between 1944 and 1950 (5-10 year span). The Boomers all had kids in the mid 70s to mid 80s (10-15 year span). The children of Boomers are now buying houses. So it's a longer cycle, this time around (15-20 year span).