this post was submitted on 11 Aug 2023
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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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[–] blazera@kbin.social -1 points 1 year ago (1 children)

Those houses could cost 5% of what they cost now and rent would be the same, because people will pay it.

[–] Dearche@lemmy.ca 2 points 1 year ago

I'm not talking about individual houses. I'm talking about condos that easily cost more than the land they're built on so they can maximize profits.