Hi Thomas, Thanks for writing this a very thoughtful breakdown of the current and possible future state of the housing market. I agree homebuyers should be cautious right now.

It’s pretty scary in Toronto (where I am living near these days) where the average price of a detached home is $1.35 million.

Economic policy wonk by day. Personal finance writer by night. I write about investing, debt, and all things related to money. Editor of Making of a Millionaire

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