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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 2 years ago by [email protected] to c/[email protected]
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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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[-] [email protected] 3 points 2 years ago

If wages increase but housing demand remains significantly higher than supply, housing prices will just inflate. We need to build a lot more homes.

[-] [email protected] 1 points 2 years ago

We definitely do, but people seem to think that's a speedy election-cycle process.

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

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