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Why hasn’t Canada’s housing market COLLAPSED?
Today 12:41 am
So I’ve heard from angry Canucks for a long time that a “recession will correct housing prices.”
Yet they are STILL sky high.
Unemployment in CA is already in recession territory (god knows how corrupt their equivalent of our BLS is - likely 10% already even though the official UE in Canada is “only” 6%)
Does Canada need a DEPRESSION to wring out all the money in houses?
Yet they are STILL sky high.
Unemployment in CA is already in recession territory (god knows how corrupt their equivalent of our BLS is - likely 10% already even though the official UE in Canada is “only” 6%)
Does Canada need a DEPRESSION to wring out all the money in houses?