@RealHotHannah @Mill_Moron Prices hold as owners cling to gains—50% mortgage-free (StatsCan 2025) won’t sell unless forced. Delinquency rises, but big investors absorb, aided by no law revealing corporate buys (weak Land Owner Transparency Act)
@Mill_Moron Many expect a 5-10% drop (CMHC 2025), assuming working-class limits will force a reset—a Western bias. But pols/corps manipulate tolerance. With Asian/ME immigration, Canada’s public will accepts high prices, low wages more.
@Mill_Moron Developers shift to 140K condos vs. 40K single-family starts (CMHC 2025), shrinking space for renters/investors. Cash sales (15% in Toronto, TREB 2025) and corps prop prices, breaking the wage link.
@Tablesalt13 There are many countries in Asia where people have been living in huge disparities between the rich and poor for decades. Canadians can tolerate more suffering. If you tell people from Asia that 60% of their income goes towards housing, they will likely laugh.