Sydney and Toronto had equivalent home prices, then Canada’s crashed. Could Australia see a similar slump?

Canadian property prices fell by C$150,000 over three years as Australia's rose by about A$85,000

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At the start of 2022, the typical house in Australia and Canada was worth about $840,000 in each country's local currency.

Australian city prices have climbed by about A$85,000 over the subsequent three years, while Canadian prices have crashed by C$150,000, leaving the median Canadian home nearly 20% cheaper.