I agree, though it’s tough and kind of an unlikely gamble. Regular people don’t have enough access to real estate data to make a truly informed purchase imo.

Even the government can’t hold back the waters when the dam bursts. They’re plugging holes with their fingers but eventually, hopefully soon, they’ll run out of fingers.

Yes, a lot of folks gonna hurt. Agreed. But for the many who invested more than a couple of years ago, they will still be looking at significant paper gains in home equity even if there’s a 30-50% drops in pricing, after many years of unrealistic and historically unprecedented price growth rate.

This. Let the bodies hit floor

Good for you Kate. Be patient, ignore the naysayers and the know-it-alls.

Market usually bottoms a while after the central banks pivot. Real estate usually takes a bit longer than the stock market. Stay safe.

You calling other people naive? Do you know anything about economic history at all? How silly of you to think that these politicians have a choice. Inflation is persistent. They now have no choice but to tackle it. The last time Germany let inflation go rogue, we got a Hitler. There will be so much social unrest if inflation doesn’t decline. They have no options now but to pick their poison. Real estate prices are going down. Recession is coming.

Canadian government created slavery of modern age.
Average citizen can not afford food because of huge inflation and enormous cost of shelter.

With the number of people moving into the country and lack of supply for housing. Regardless of interest rate, it won’t change the demand for housing unfortunately. People may wait for the interest rates to fall, but the demand for housing as the number of people moving into this country increases will not fall.
Hard to imagine a situation where a significant increase in supply will come out of nowhere.