Average Canadian House Price and Weekly Wage Since 1990

Here is how the average house price in Canada has looked like since 1980.

Because I only have weekly wage growth back to 1990, I can only chart back that to 1990.  Here is how growth in the average weekly wage and the average house price in Canada has looked like since 1990.

As we can see in the above two graphs, house prices followed wages from 1990 until 2001 and then well, we know the rest of the story.  Wages across Canada have barely beat inflation over the last 22 years, but house prices have done rather well as Canadians have piled on the debt.