Well, considering there are lots and lots of houses here that have been on the market for a long time, yes. There’s not a supply issue, at least where I am.
Yes, no one said houses weren’t expensive, so I’m not sure what either of those things prove.
Also, from the very end of your first link:
But it’s not all bad news. Daryl Fairweather, chief economist at Redfin, has seen a recent uptick in sellers marking down prices, and competition for each home is not nearly as heated as it was two years ago. Low demand from buyers and low inventory from sellers has led to somewhat of a balance in the market.
“We’re no longer in this environment where there’s so much demand and sellers are flooded with offers,” she said.
There’s always about 100 house available for sale but they’re sold in a few days and there’s about 1000 families looking for a house at all times
Your analysis: ThErE’s No SuPpLy IsSuE
Well, considering there are lots and lots of houses here that have been on the market for a long time, yes. There’s not a supply issue, at least where I am.
“here”
Yeah so using just your local community to evaluate the market as a whole should make you question your methodology.
“There’s plenty of cheap housing available for everyone!” says the guy looking at the Detroit market.
It’s not like I live everywhere… and it’s not like you’ve presented any evidence.
…
Evidence of a crisis that has been extensively covered for years at this point?
“It’s not like I live everywhere”
Yeah so I don’t need to live in Gaza to know that people are getting killed over there. Get out of your bubble a bit.
I know people are getting killed in Gaza because people have shown me evidence of it.
https://www.washingtonpost.com/business/interactive/2024/housing-market-price-trends-zip-code-map/
https://www.statista.com/statistics/604228/median-house-prices-canada/
Yes, no one said houses weren’t expensive, so I’m not sure what either of those things prove.
Also, from the very end of your first link:
Did you even read it?
3% is healthy, we’re at half that on average and at less than 1% in major urban areas
https://www.cmhc-schl.gc.ca/blog/2024/canadas-rental-landscape-2023-show-record-low-vacancies-affordability-concerns#:~:text=1.5%25 national vacancy rate%2C 8,significant%2C these are impactful numbers.
There’s lineups to rent apartments.
But hey, continue acting like you’ve never heard of the housing crisis while your fellow citizen can’t afford a place to live 👍