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> Canada's housing stats show a drop in total investments in building construction, and a drop in housing starts. Hence why the labour issues have started to t
by randomdata 3y ago
> Canada's housing stats show a drop in total investments in building construction, and a drop in housing starts.
Hence why the labour issues have started to turn...
> If supply was catching up with demand
Demand has backed away because an increasing number are not willing to take the risk on housing now. High interest rates and a lot of increased pressure for governments to do something means that a coming crash is highly likely and nobody wants to be the bag holder.
Same reason rents have skyrocketed. If you can rent, why on earth would you buy a house right now? Indeed, housing tends to be highly sticky, but it's almost certain they will cost a whole lot less in a year or two. The downward trend is already quite visible, with average price in most markets peaking in 2022.