So, the price of new houses just went up by $100k? - ThreadSky | a Reddit-style client for Bluesky

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craigclicks.bsky.social • 27 days ago

So, the price of new houses just went up by $100k?

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mikepmoffatt.bsky.social•27 days ago

Why would home prices go up?

craigclicks.bsky.social•27 days ago

I’m sure that home builders are not going to pass on the potential savings. I get that it is the gov’t reducing HST, but home builders will just up the price and keep the profit. But I’m cynical.

sam-wallace.bsky.social•27 days ago

I suspect so. Plus, I don't really feel like subsidizing $1M homes. I thought the goal was modest affordable homes.

mikepmoffatt.bsky.social•27 days ago

In southern Ontario, $1M is a modest affordable home.

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