What's next for Canada's 30-year housing bull market? 

A country thats larger than USA with a population of just 37 million. There is plenty of space and absolutely no need for this kind of price gauging.

Why do I work when nearly 50% goes to income, sales, provincial, and or carbon taxes, and the rest to bills. If we earn more, they take more. Our money is flaunted by politicians who say lockdown then go skiing or to Hawaii. Tax money doesn't go to infrastructure or charity, but to corrupt corporations that gamble and banks that bet against the very mortgages they lend in the form of a bailout. I am told it's my choice to become rich or stay poor but I don't see how when there is even a monopoly on high paying jobs, If I refuse, I get arrested but there is no refusal because taxes come off before we receive our pay. We never signed up for this. Imagine having double your income, getting to keep the money you earn.

Canada needs to let the housing market crash and place blame on the culprits who caused it and allowed it to happen. It's going to crash, we need someone to blame. Realtors, real estate corps and money Laundering criminals.

Let's get rid off Trudeau. House price skyrocketed in the last 6 years under Trudeau's watch

Restrict foreign investment, increase interest rates and capital gains tax on investment properties . Housing should not be treated like a commodity!

There is a lot of money laundering, we have almost no laws that stop someone from laundering money in Canada. And its not just foreigners, there are Canadian citizens that do it as well. We need more housing supply and tighter laws against money laundering.

Empty living space tax should be able to fix the problem in the long term. In the short term, we will need to treat foreign/corporate buyers for 50% tax of the home's current market value.

Wages are flat that is my biggest concern

Hopefully The Bubble Pops And All The Yuppies Are Left Holding The Bag.

What percentage of those houses (that didn't resell in 24 mths) turned into rental units?

A house which is 3000 sq ft is for 1.1 million CAD in Burnaby. A house in an average locality in Mumbai which is 1000 sq ft is 1.1 million CAD.

Will interest rates make a difference. Earlier it was just Shell companies, Corporations and Realtor Investment trusts buying up real estate , but now even students and people on work permit have been brain washed by our Realtors and are buying multiple properties and renting them out. Reality is that the middle class has been priced out of Canadian Real Estates as now prices are going crazy in small towns too.

BTW why are you even mentioning Singh, the guy will never ever be prime minister of Canada and the NDP will have more than a support role for a minority Liberal or Con government.

Realtors' opinions are worthless.

Vote Justin Out!

Find work in the USA it aint worth slaving here

I CANT WAIT FOR THE EVENTUAL MELTDOWN

Prices will run hot again next year, and slow down as they hike rates to around 2% by end of 2023. 2% + Prime Rate is going to be 5.5%.

Downward pressure ahead yes. Crash unlikely. From 2016 Canadian mortgage debt data, ~40% of homeowners in Canada have no mortgage.

We need deflation.

Raise prime rate.

No one "has" to buy anything if there isn't much to pick and choose from and at the right price. Obviously, that is being reflected in continued sales weakness. August will be the fifth consecutive month of sales declines here in Greater Vancouver; overall sales will be down 43% (52% for detached). Feel free to join the Metro Vancouver Housing Collapse FB group; now with 11,800+ members.

If restricting foreign investment is no big deal why would realtor be against it and point to interest rate policy that is impossible to change without bankrupting the country? We have to do all the "small" things especially when we can't touch the big one.

Its called mortgage defaults and home slaes tax.

Canadians need housing period!!!now is the time for Canadians to impeach Trudeau period!!! God forbid who is the next prime minister? God help us all!!!

Hi I’m inside my house now there’s a thunderstorm and we have COVID-19

Increase carrying costs for housing. The property taxes for primary residence vs investment property should be different. Investment property should be taxed higher. And of course increase interest rates and increase supply. Benefits for first time buyers are still capped based on prices before this boom period which makes it difficult for people to enter the market. Canada seems to have the fewest homes per sq km if you compare with rest of the G7 countries.

The American central bank will be raising rates 7 to 9 times over 2 years in order to try to kill off inflation (it won't be enough). 8 hikes x 0.25% per hike = a total raise in rates of 2%. That means mortgage rates will go up 2%. Right now a fixed 5 year mortgage is 2.5% and a variable mortgage is 1.5%. So that means that mortgages will go up to 4.5%(fixed) to 3.5%(variable), or a DOUBLING of rates. This means house prices will drop by 50%. This will occur over 3 to 4 years.

this did not tell me absolutely nothing I did not know...a load of realtor waffle...

Those foreign buyers main Chinese they use back doors they send thier kids for school or.they family member they put under thier name will buy pass foriegn taxation. We have local people can't afford or find good middle income jobs because we are going to be immigrating 400K people every year is a bit to much reduce it to 50K because we need take care those that are here already.

Investing in crypto is the best way to earn financial freedom.

its not going to crush, as a renovator last year 2x4 lumber was 3$ each and today is 9 $ so other materials ,how can you drop the price of a home if the construction building materials gone up 3x,the gov. will slow the market and create a some kind of program to own a home for Canadians .

This man is a salesman, so his opinion is very biased.

Who is lending Canada this money? Who is buying their bonds?

Not to worry folks, the Central Bank cocaine will have to stop sometime and then we can enjoy the depression that follows. Our governing bodies prefer boom and bust to sustainability so just relax and enjoy the ride.

It's the big corporations getting in to real estate is what drove the prices of the roof they do the same thing to the stock market they buy everything to drive the prices up then they start selling it but with real estate they are doing it differently they just rent it to you for twice the money it would of cost you if you bought the same house 2 years go to pay the mortgage on it...I think there long term goal is to drive everyone out of home ownership in to renting one of there appartment boxes. First they make it impossible to buy home then they will make it impossible to keep the house you already have, we are heading for cliff folks...

Clueless... What 30 yr bull market. There's bee plenty of 'corrections along the way... 1995 was a low point, then 2009, 2017. If you're looking for permanently falling prices, not gonna happen. It's been a 150 year bull market.

50 k house is woth 400 k next will 400 k housefor 4 millio n and then the taxes will kick in and all 400 k house are going to be 5 k a year in taxes so good luck you will own nothing and you will like it

Best Investments are AVAX, SOLANA , SAND and MANA . Sold my place

this guy has no clue. DEFLATION IS COMING and HOUSE PRICES WILL crash