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Old 06-01-2024, 02:21 PM   #12347
opendoor
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Basically, yeah. Every other time housing has become more affordable it has primarily been through nominal prices remaining relatively stagnant while inflation, wage gains, and interest rate cuts improve affordability over time.

In inflation adjusted terms, Canada's average property price is down over 20% from its peak and is on par with mid-2017:

https://fred.stlouisfed.org/series/QCAR628BIS

If people think any politician is going to intentionally enact policies that result in nominal housing prices crashing they're kidding themselves.
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