Down substantially from the peak in 2022. And that's nominal prices. Adjusting for inflation will show that real prices are lower now than they were in 2017.
Hrmm. What data source can I see to demonstrate this? I looked at a chart I have referenced before that shows nationwide USA housing starts over the last 20 years ranging from 2 to 8 per 1000 people. Then I searched for one for Canada and found one suggesting 1-2 per 1000 since 2005. And, evidently, the situation in Canada as developed/deteriorated to the extent there's a whole subreddit for the canadian housing crisis?
Yes so it looks like the Reddit people are committing major chart-crimes, showing quarterly data as such, rather than annualized rates, and not mentioning it. It looks like this is a source of truth: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=341001...
I have watched reddit become useless for any kind of nuanced debate over the last 5 years. It's rather sad to me, because once upon a time I learned a lot about others views - especially ones I disagree with.
Even HN is much less welcoming of the "I think I agree with you, but walk me through your thinking" replies than it used to be.
I presume this is reflective of a few broader societal trends, and it's.. not good.
