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submitted 10 months ago by sik0fewl@kbin.social to c/canada@lemmy.ca

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 39 points 10 months ago

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

[-] TotallyHuman@lemmy.ca 18 points 10 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.

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this post was submitted on 24 Nov 2023
66 points (97.1% liked)

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