There is no supply issue. Speculators, money launderers and real estate investors have completely distorted the real estate market in and around Toronto & Vancouver.

and does it with archaeological evidence found from 1900BCE in Sumer and Babylonia

It is a Faustian bargain to have “the actual creation of money always involv[ing] the extinsion of credit by private commerical banks”
1982 letter to money research Byron Date
from US Treasury Counel Russell L Munk.
from ‘thin air’
https://www.sciencedirect.com/science/article/pii/S1057521914001070

as it makes housing prices the de facto primary lever of monetary policy in what ever nation practices it. Decreasing housing prices means less $$ printed per ‘loan’ which is a dis inflationary mechanism and, since at positive interest rates debt > credit, makes it harder to find new money to service old debt, a economic contractive factor

Absolutely – us included. I didn’t go through life working hard to never be able to buy a house, so I’ll be leaving Canada in a few years to do so.

And, I don’t know how Canada continues to lie to immigrants and suck the life out of them once they arrive with our shocking cost of living and unaffordable housing. Smart, well-qualified people.have so many better options than to Canada.

That would be like throwing gas on a fire hoping for a different outcome than more fire ???

Golden Horseshoe will transition to the Fool’s Gold Horseshoe. Whats’s the justification for majority of YYZ satellite cities priced >$500k?

In Niagara, QTY of rentals has never been higher – over 700 now just on realtor.ca. Historically there’s been 150-250 available. There’s only 10-20 tenanted per week. Add on Kijiji and FB Marketplaces inventories.

Rent’s peaked in Niagara in summer 2022. CorpLL’s now offering 1 month free rent incentive(12+1).

These new developments have so many “For Lease” and “For Sales” within close proximity – you can inspire “inverse bidding wars” and get multiple LLs to bid for your tenancy.

Looking fwd to Q1/Q2 2023 when the “investors” get an education in markets and how price is determined by liquidity rather than housesigma estimation.

RAMs being advertised 20% off MSRP at dealership near Eglinton and Don Mills in Toronto. Not sure how to factor this into all the current economic data… If they’re just terrible and noone likes them or if the car market is tanking more broadly.

I linked full report with numbers below, but here is summary report/press release

What are you talking about? Here is the report that the article is paraphrasing:

https://royal-bank-of-canada-2124.docs.contently.com/v/housing-trends-and-affordability-decemberpdf