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Trudeau takes first step to break Canada’s addiction to rising home prices - The Globe and Mail (www.theglobeandmail.com)
submitted 1 year ago by sbv@sh.itjust.works to c/canada@lemmy.ca
65 comments fedilink hide all child comments

At last, someone from the world of politics is being honest about a pervasive and harmful trade-off. When home prices rise faster than earnings, owners like me gain wealth, while non-owners lose because their incomes fall further behind housing costs.

Honesty is saying that home prices have to fall. But this is progress.

The Generation Squeeze folks have recommendations.

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[-] Kichae@kbin.social 9 points 1 year ago

The market crashed last year

The market: Still significantly above the pre-2020 trend.

[-] Rocket@lemmy.ca -2 points 1 year ago* (last edited 1 year ago)

Because we're still riding the tail end of the dead cat bounce. That's what a crash looks like. It is amazing how textbook perfect it is playing out to be.

[-] sbv@sh.itjust.works 2 points 1 year ago

Until we see a significant drop in prices, the market hasn't crashed. Maybe it's the dead cat bounce, or maybe prices are stable.

this post was submitted on 23 Sep 2023
146 points (96.8% liked)

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