Spotted over at Paul Kedrosky’s Infectious Greed blog recently was this intriguing chart comparing U.S. home prices to that of our neighbors to the north, something that should strike at least a little bit of fear into the hearts of those in Vancouver and Toronto who somehow think that what they see happening around them is “normal”.

Aside from the source referenced in the chart, it’s not clear where the home price data comes from or how it’s calculated, but, it seems about right based on what I’ve been reading (of course, the Vancouver Olympics didn’t hurt the home buying mood). There is more similar data at the simple financial analysis blog, all of which would make me a little nervous if I were a Canadian counting on my home equity to finance my retirement.