Cost of home today is double the amount in weeks of labour time compared to 1970s: New study

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We know the nominal dollar cost of a house or a condo today is much higher than it was 10 or 20 years ago. For the first time, Broadbent Institute Policy Fellow and University of Ottawa economist Marc Lavoie looked at the cost of housing in terms of weeks of labour, and found that it's double compared to the 1970s.


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