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submitted 11 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 11 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 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 13 points 11 months ago

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 27 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.

[-] Lauchs@lemmy.world 11 points 11 months ago

Which country would you rather be in that didn't have a massive increase in housing prices?

[-] nueonetwo@lemmy.ca 12 points 11 months ago

One with a functional transit system.

[-] ILikeBoobies@lemmy.ca 3 points 11 months ago

I don’t think you’ll find that

[-] otp@sh.itjust.works 9 points 11 months ago

Plenty of countries have functional transit systems. Why do you say that as if they don't exist? Lol

[-] ILikeBoobies@lemmy.ca 2 points 11 months ago

There’s 2 parts to it

Functional + didn’t see an increase in home prices

Finding both would be difficult

[-] otp@sh.itjust.works 0 points 11 months ago

Sorry, I missed which comment you replied to. My mistake!

[-] ILikeBoobies@lemmy.ca 2 points 11 months ago

Judging by your upvotes and my downvotes that is pretty common

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

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