this post was submitted on 24 Nov 2023
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TD Bank says home prices could drop as much as 10 per cent on average by early 2024 thanks to a surge in housing supply in some provinces.

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[–] Nudding@lemmy.world 37 points 11 months ago (2 children)

Oh perfect, it's a good thing they didn't almost triple in price over the last 10 years.

[–] TotallyHuman@lemmy.ca 18 points 11 months ago

Down 10% over 6 months isn't nothing, though -- if that rate continues for ten years prices will almost drop to one-tenth. It took us a long time to get into this situation, it might take a while for us to get out. This isn't a complete solution, but it's a good start.

[–] nueonetwo@lemmy.ca 12 points 11 months ago (1 children)

House goes from 200k to 700k in 10 years then goes to 630k and were supposed to be happy? This country is a fucking joke.

[–] Nudding@lemmy.world 26 points 11 months ago

All of the countries are a joke my guy, unless you're part of the billionaire club you're just exploitable.