Brad Olsen: Infometrics Principal Economist on the new data revealing house prices need to drop by 16 percent to become affordable - Heather du Plessis-Allan Drive

House prices need to fall at least another 16 percent to become anything like affordable, one forecaster says.

According to the Real Estate Institute, prices remain 15.9 percent below their 2021 peak - but Housing Minister Chris Bishop has indicated they need to drop down more.

Infometrics Principal Economist Brad Olsen explains further.

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