Article content This is year twenty-five of the great Canadian housing bull market, a nearly uninterrupted straight line up that has few parallels in the world. At a time of soaring real-estate prices all over the globe, only one major economy — New Zealand — has a frothier housing market than Canada, according to an analysis by Bloomberg Economics. And after all those years of price gains, including a 21 per cent surge since the pandemic began, millions of middle-class Canadians have no chance of scrounging together the money needed to make a conventional down payment of 20 per cent. We apologize, but this video has failed to load.