I know this may sound crazy but has anyone considered pausing immigration while we sort our own country out?

The index they’re discussing shows most of BC prices are down when seasonally adjusted, and Vancouver only up a minor amount.

https://housepriceindex.ca/2023/04/march2023/

btw Better Dwelling is a Vancouver-based company. When I started reading it, there was no Ontario coverage and they were interviewing people like Eby before he became premiere.

Daniel lives in Vancouver. I believe Steven and Will are the only ones in Ontario.

Lots of nice places to move to that are willing to take Canadians, just gotta do the legwork. The irony is the only people that ever move to a new country are the skilled labour that doesn’t need to, they’re just tired of getting screwed.

The 2022 decline was the largest single year % decline in history. It was ~ -20% national avg’d. USA 03-06 RE bubble’s biggest single year decline was something like -12%.

Now is prognostication on what 2023 brings.

In 2023, we’re 50% thru the spring market, yet the # of listings and sales both remain low. In this environment it’s easy for prices to make sizeable moves up or down. There will be examples to support both bull or bear bias.

I’m just thankful that I’m not in this boat.