More housing supply doesn’t mean lower prices. If policy-makers want to make homes more affordable, they must tackle developers who drive up prices and consider taxing capital gains on homes.
A four-year-old girl plays house as Liberal Leader Justin Trudeau makes a campaign stop in Mississauga, Ont., where he spoke of his party’s policy on affordable housing.
THE CANADIAN PRESS/Sean Kilpatrick
The fact that Canadian house prices have risen far beyond rental rates tells us that it’s due to financial factors alone — not a lack of supply. House prices are asset prices.
Millions of Australians are struggling with unaffordable housing. It’s a systemic problem that’s been decades in the making, and only concerted system-wide reforms will fix it.
A drop in prices of 0.5% is no drop at all.
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It’s natural to assume that a downturn in the property market is good news for people who’ve been priced out of the market. In practice, they might still not be able to buy a home.
We’re unpredictable, but this could be a one-off adjustment.
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Why is it that the US – which suffered a major downturn – seems to have a stronger economy than Australia , which did not even go into recession in 2008-09?