This column is an opinion by Mark Ting, a partner with Foundation Wealth who helps clients reach their financial goals.
Cars are essentially computers on wheels that need chips and semi-conductors — of which there is a global shortage and orders are backlogged.
After almost tripling in price from a year ago, the price of lumber peaked in May and has since fallen by 43 per cent.
When that happens, dealerships will be more willing to negotiate, buyers will regain the upper hand and the prices of both used and new cars will drop.
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