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submitted 1 year ago by sik0fewl@kbin.social to c/canada@lemmy.ca

It may be several years yet before home prices fall back into an affordable range for the average Canadian, according to Oxford Economics.

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[-] EhForumUser@lemmy.ca -3 points 1 year ago* (last edited 1 year ago)

We made housing a commodity

We didn't, though. A commodity is interchangeable. Housing is not interchangeable. A house in Iqaluit cannot meaningfully replace a house in Toronto. If housing were made a commodity it is likely we wouldn't have the problems we have, but since we have never done such a thing...

this post was submitted on 11 Aug 2023
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