Yes P:R and P:I have never been this high before,and I’d like to think you’re right that it’ll all blow up one day, but I’ve thought that for a long time. Unfortunately, the corrupt, captured govt and BOC never fail to bail out overindebted idiots like Frank, no matter what, so while interest rates are still historically low, it’s only a matter of time until the whining of the desperate homeowers gets the interest rates lowered again, damn the consequences. Can you say moral hazard?

Totally agree, Kate. There are so many better places to live than Canada, with lower cost of living and better opportunities. Although I’m a 3rd generation Canadian, I’m not afraid to leave, and in fact I’ve lived in four other countries as well.

Now planning to leave again in a few years when my younger one finishes high school; in the meantime I’m helping to care for my elderly parents and spending time with them while I still can.

We’re in a huge real estate bubble. It’s about to pop. Cope.

What an idiotic comment

Price to rent /income in the stratosphere never been so high.

Interest rates are still at historical lows and not going down.

Mortgage redemptions at 2-3 x

Ticking time bomb.

Employers are lowballing on wages. Labor cost is something that many employers are not glad to pay more for, unless one is a useless C-suite exec spending all day laughing with other rich people on ZOOM.

So we will be fine buying a house at current prices and just need to “get used to making the payments” with low wages. Sounds like a plan.

That’s right. We need to support housing, and the wage-price spiral.