A common opinion that I come across is that there is no such thing as a “Canadian housing market”. Instead, the various housing markets across the country behave independently of one another. I used the CMHC webcrawler to gather data on annual median provincial prices of absorbed houses from 1990-2014. I then used the corrgram package in R to determine the degree of linear association of house prices between provinces and the 95% confidence interval. The results show a very high correlation across all provinces suggesting to me that there is in fact a “Canadian housing market”.
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Low income immobility and education
Results:
The below graph shows the percentage of persons in various education categories that entered, exited, or remained in a state of low income.
