Birdwatch Note Rating
2024-06-12 22:15:03 UTC - HELPFUL
Rated by Participant: 5C1127A947C02672D78B2A063558D171F58C2C0B30A695FA1D126BCE8B7EF0D1
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Original Note:
Context: Since 2015, housing costs in Canada have surged thanks to LPC migration policies, hitting the young gen hard. In 2015, the average home price was $400k with zero rates, rising to $703 with high rates. Market rent has doubled since 2015, rising to $2,200. https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1710004001&pickMembers%5B0%5D=1.1&cubeTimeFrame.startMonth=10&cubeTimeFrame.startYear=2015&cubeTimeFrame.endMonth=10&cubeTimeFrame.endYear=2023&referencePeriods=20151001%2C20231001 https://wowa.ca/reports/canada-housing-market https://rentals.ca/national-rent-report https://tradingeconomics.com/canada/interest-rate
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