No. What is driving up prices is uncontrolled mass immigration. It does not get simpler then the most basic law of economics, the more there is demand and supply remains the same, prices go up. Till the government thinks about the average joe working a job vs being obsessed with never ending GDP growth then prices will never go down. You can never build houses and apartments fast enough to accomodate such rapid population growth and neither is it of any benefit to the wealthy to balance supply with demand. But that will never happen since the ppl of Ontario and Quebec will keep on voting Liberal. It is what it is.
Is the housing bubble about to burst
- Thread starter K Douglas
- Start date
The developers love mass immigration. They don't want us to see Buffalo prices here. The oligopolies love mass immigration also. Examples: Banks - more mortgages, Telcos - more smartphones, Airlines - more travel.
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Exactly. But Liberal voters are clueless. Seems many got Trump Derangement Syndrome and keep on voting Liberal despite all the negative consequences. The wealthy love mass immigration and the Liberals cater to the wealthy.
What do people think about the new budget?
How is it going to affect housing market, CAD?
How is it going to affect housing market, CAD?
The budget will be a total disaster. Carney proposes spending that is double to what Trudeau spent. It will cause mass inflation. None of the things in the budget will do anything for the average joe working a job or even for small businesses. It does not address the housing crisis or declining productivity. Instead Carney goes on a spending spree and has a mass immigration policy to drive up GDP. Inflation is the most hideous tax. A significant portion of the spending will go towards repaying the debt. The young will be paying for Carney's out of control spending for decades. The housing market will keep going up because he pushing the Century Initiative and plans to continue uncontrolled mass immigration which will keep demand up thus prices will keep on going higher in an effort to have never ending GDP growth.
are you living in the same reality as the rest of us? there is absolutely nothing that has driven real estate prices up the past 3 years lol, in fact just about everywhere is down 20-40%, never mind the distress in condo sales happening right now. Its wild how people with Liberal Derangement Syndrome just make things up in their head that couldnt be farther from the truth.
What cheap drugs are you on? Lol Sure they come down but it is not significant. Average rents in Toronto for a 3 1/2 is still over $2000. I do not call that affordable at all.
https://search.meze.ca/Search/Search?FilterItems=[{%22FilterName%22:%22Sale_Lease%22,%22FilterOperator%22:%22=%22,%22FilterValues%22:%22Sale%22},{%22FilterName%22:%22List_Price%22,%22FilterOperator%22:%22%3E=%22,%22FilterValues%22:%22650000%22},{%22FilterName%22:%22ALHomeType%22,%22FilterOperator%22:%22=%22,%22FilterValues%22:%22House%22},{%22FilterName%22:%22Municipality%22,%22FilterOperator%22:%22=%22,%22FilterValues%22:%22Toronto%22}%5D&page=6&orderBy=1&viewType=0&utm_campaign=ALAds&utm_source=Google&utm_medium=PPC&utm_content=AL-Toronto&ALCampaign=AL-Toronto-V2.0&ALAdGroup=Condos&ALKeyword=Toronto%20houses%20for%20sale&ALMatchType=b&ALDistribution=Search&ALAdID=778101468662&ALPlacement=&cmpgn=AL-Toronto-Homes-PPC&gad_source=1&gad_campaignid=23100958513&gclid=CjwKCAiA_dDIBhB6EiwAvzc1cL5BCcmPB3H2t33F9WIDTyXOF8k3WWCWVuN-7OCEIg_dUZI1o2On_xoCDdAQAvD_BwE
^^^^ Sure they dropped but that is only temporary. The Liberals will still follow the Century Initiative and keep mass immigration. Sooner or later the prices will go back up.
Prices did go down because the Liberals did drop immigration to some degree so it had some effect to tame demand, but they will never shut it down completely. House prices in Toronto need to drop below $500,000.
Someone lost $375,000 on this deal
Real estate prices haven't dropped that much. For example in 2025 the prices are down about 5.5% in Toronto, 4.5% in Oakville, 7.5% in Mississauga and 8.4% in Brampton. In 2024 the drop was about 4.7% on average in the GTA. What has dropped however is the volume of sales. From what I've seen drops of 25-30% YOY. Many listings have just been cancelled.
I personally think the biggest price decline is set to happen in 2026 as the economy enters into serious economic slowdown and many properties are up for mortgage renewal.
I don't think you have much to worry about if you bought before the madness of it started.
There are roughly 500,000 immigrants coming every year, so no, the housing bubble will not crash.
Have you seen the people brought in lately? If they could afford anything rents would not be declining.
The crash is well underway and has much more to do with job losses and purchasing power than stuffing 4 Indians into a basement.
Lol It is way more then. You got to include all the temporary residents. Carney is Trudeau 2.0 and he is sneaky. He is hiding the true numbers. Do not forget he has the same cabinet as Trudeau and is following the Century Initiative. In order to reach their target by 2100 if 100 million people, they got to import at least 750,000 people each year till the turn of the century.
It is not because there are just so many people. Many people sharing the same apartment keeps rents up. I checked apartments in Toronto and they are still well over $2000. Basement apartments out of the city are easily going for $2000.
It's all about patterns. They will all go on sale eventually. Then rise to top again, people will make lots of money, and it will eventually happen again, and again...
Yeah. It has come down somewhat but still quite high. Add NIMBYS and greenbelts and hard to see big crashes in Toronto and Vancouver.
Canada Takes in – Proportionately – Four Times as Many (Legal) Immigrants as U.S.
New information from IRCC shows that Canada is taking in about four times as many immigrants proportionately as we do.
cis.org
There is also the hidden numbers, asylum seekers which is the worst kind of immigration. More like fake refugees. Their numbers have went up.Yeah. It has come down somewhat but still quite high. Add NIMBYS and greenbelts and hard to see big crashes in Toronto and Vancouver.
Canada Takes in – Proportionately – Four Times as Many (Legal) Immigrants as U.S.
New information from IRCC shows that Canada is taking in about four times as many immigrants proportionately as we do.
There is going to be a condo slowdown. We are already seeing pullback, and orice drops on inventory. But its going to be the speculation and landlords who get hit the worst.
Single family dwellings will be fine, a few percentage points down.
Fact is, unlike the USA the banks dont loan money to people where they can't get it paid back. So you don't see the same types of downturn.
Single family dwellings will be fine, a few percentage points down.
Fact is, unlike the USA the banks dont loan money to people where they can't get it paid back. So you don't see the same types of downturn.
Well the OP was in January and now November.
Here is a different take in the video. I expect the price to reach 2010 level.
Will see.
Or
toronto.citynews.ca
Here is a different take in the video. I expect the price to reach 2010 level.
Will see.
Or
Condo project cancellations hit record high
The number of new condo developments being shelved continues to climb. New research from Urbanation shows the new condo market is on track to record its worst year for sales in 35 years.
toronto.citynews.ca
