Is a housing crash an affordability fix?

Is a housing crash an affordability fix?

  • Af
  • Episode
      1242
  • Published
      25. maj 2023
  • Forlag
0 Anmeldelser
0
Episode
1242 of 1976
Længde
20M
Sprog
Engelsk
Format
Kategori
Fakta

As some prospective home buyers watched prices climb to dozens of times their income during the pandemic, they pinned their hopes of ownership on a market crash.

And for nearly a year starting last April, prices did fall – in Toronto, the average price of a home dropped about 18%. But now, for the last two months, prices have been on the rise again.

So with houses still historically unaffordable, what would it take for Canada’s home prices to drop or crash toward affordability, and would the economic damage do more harm than low prices can help? Today, Canadian Center for Policy Alternatives senior economist Marc Lee explains the paths that remain to ownership for the low and middle class.

For transcripts of this series, please visit: https://www.cbc.ca/radio/frontburner/transcripts


Lyt når som helst, hvor som helst

Nyd den ubegrænsede adgang til tusindvis af spændende e- og lydbøger - helt gratis

  • Lyt og læs så meget du har lyst til
  • Opdag et kæmpe bibliotek fyldt med fortællinger
  • Eksklusive titler + Mofibo Originals
  • Opsig når som helst
Prøv nu
DK - Details page - Device banner - 894x1036
Cover for Is a housing crash an affordability fix?

Other podcasts you might like ...