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A comment on Generational Luck in the Housing Market. Parent comment

Re:Generational Luck in the Housing Market by bryanlarsen on Thursday April 04, 2024 @06:02PM (#39936331)
Canadian house prices are up 40% in the last 15 years. That's less than inflation.

Yes, they are super expensive, but they were even more super expensive 15 years ago. Canada didn't get the 2008 crash that the US did.

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Re:Generational Luck in the Housing Market by office_drone on Thursday April 04, 2024 @07:10PM (#39936965)
That can't be right. GTA and Vancouver home prices are 3 times what they were in 2009.
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Re:Generational Luck in the Housing Market by bryanlarsen on Thursday April 04, 2024 @07:31PM (#39937102)
Vancouver average detached was $1.2M in 2008, it's $1.8M now. That's not 3X.
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Re:Generational Luck in the Housing Market by office_drone on Friday April 05, 2024 @11:18AM (#39943475)
According to a realtor association site [0] the 'Residential - All Types' price for 'Greater Vancouver' went from $466,500 in March 2009 to $1,196,800 in March 2024. That is a 2.57x multiple.

[0] https://www.gvrealtors.ca/market-watch/MLS-HPI-home-price-co...

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Re:Generational Luck in the Housing Market by bryanlarsen on Friday April 05, 2024 @01:29PM (#39944961)
This is what I went from.

https://globalnews.ca/news/2531266/one-chart-shows-how-unpre...

Those numbers look a lot closer to my experience than yours.

All three lines show a ~50% price increase.

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