I believe that this behavior is tied at least in part to the failure of the Federal government to run deficits and debts large enough to offset the propensity to save among households and businesses in order to maintain aggregate demand and full employment. Instead they have relied upon the Central Bank for this purpose via monetary policy, which was never going to work as demonstrated by the incredible shrinking of interest rates around the world.
Give it up already — fiscal policy has to retake its rightful place center stage, returning monetary policy to the sideshow it always ought to have been.
Don’t be surprised to see a return to capital controls and credit guidance next …

Depends where you live. You can still find okay prices in some spots (Ex. Gatineau). Then again, expect to lose about $6k on a $90k salary by moving to Quebec.

Southern Ontario got hammered. Torontonians moved to Oakville, Burlington, and Hamilton. In turn, those citizens got pushed to Niagara Falls way and everything in-between (ex. Grimsby, St Kitts). Some may have moved Guelph/Brantford/Waterloo/London way.

BUT, you may be able to find comparatively decent prices in Welland.

The real estate industry is basically bots, trapped in human bodies. Pre-canned responses to things they don’t like:

– Misleading
– Preposterous
– Density
– Immigration
– Always a good time

Note they’ll never give a real response, because they don’t have one. There can be nothing misleading about restating facts. Unless you think being lead away from your narrative is “misleading.”

Just because you don’t understand something, doesn’t make it misleading.

An equity extraction is not a downpayment on another house. It’s removing equity you’ve paid. Only 22% of equity extracted is reinvested. The other 78% is used for things like debt consolidation, but most of it is consumption. Its estimated 0.5% of GDP is recycled equity.

If you don’t understand how leverage works, I can assure you’ve made a lot less than you think you did on your house.

This article is very misleading.
Where does the equity extraction go? To the personal consumption or back to the housing market? Actually it’s a better choice if the homeowner sell their home and put the cash back into the housing market as down payment of more homes. Indeed people do this instead of merely consuming.

Mortgage Investment corporations.

https://www.investmentexecutive.com/in-depth_/special-reports/mics-and-syndicated-mortgages-offer-diversification/

Personally, syndicated mortgages are the risks I’d worry about, since they aren’t as diversified. Both are fine, but people should know what they’re getting into, and they aren’t as risk free as some people think.

https://www.cbc.ca/news/canada/toronto/syndicated-mortgages-law-society-1.5283348

Big concern is people that have been borrowing or refinancing at 2-4%, and trying to collect 8-12%. Leverage is great, until it isn’t.

If they have it, they wouldn’t be borrowing it.