[picture_view]

It’s possible most of the 6.3% did not own property and we’re not in the market to buy property, so there was no change in that market.

[tekknik]

Even renters increase housing costs. Housing is finite and some people sit on the fence about buying or renting. An inability to find a rental unit sometimes tips them into the buying territory

[okaram]

And I'd assume house selling is fairly elastic in the short term. If property prices go down, people would decide to wait.