15 years of artificially surpassed interest rates (money supply expansion)...average real estate prices need to come down substantially and would have, if Canadian banks had not extended amortization periods. Increasing debt and an increasing default rate combined with a an unemployment rate that will be moving upward will all combine to increase listing supply and create more price deflation. The Housing program introduced by the Trudeau Liberals is a trojan horse toward high density housing in the core of cities (higher density) in order to further their WEF - 15 minute city agenda. Note the housing minister is another WEF global leader, similar to Freeland, Aldern,, Trudeau, Biden, Macron, etc.. I would reference Jon Flynn and Mike Mitchell - RU-vid videos for a clearer idea of the future. Reduced taxes!!!! Good luck with that! You need to pick up an Ayn Rand novel!
