I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

I see the rising interest rate as a very big problem, as more investors will definitely pull out more money from the Stock market. This might have worked when I was still invest-ing with a couple thousand dollars, but it is more difficult now to decide whether to pull out more than $365k from my port-folio. I know some inves-tors still make that despite the strong bear market. In wish I could pull that feat

Its amazing how experts can predict we might be entering into issues we've been suffering for years

1.4 million immigrants 220,000 homes built.

The demand is far outpacing the supply. Thanks to our immigration and non-leadership by the Feds and the Provinces.

We are currently 4 million homes short in Canada. The Liberals just announced only 30 thousand new homes. A day late and a dollar short Justin.

We need more single family houses, not high rise and mid rise crap. Society has fallen if a regular family can't afford a real house anymore.

I think big cities will return to peak when rates go down, as long as imm igration is high the demand will be there. However there are tons of small towns (out of communter distance) that are still stubbornly priced, these prices may fall 10, 20 or more % even if rates go down. No one is going to pay 750k for an average house in central rural Ontario anymore.

It's changing to a buyers market especially outside the GTA. Buyers are coming in with low ball offers take it or leave it. Also the rental market is saturated as renters are moving out of Ontario due to expensive cost of living.

If that grey haired guy doesn't have a house yet, it's not gonna happen

it will NOT go down... name a country that has lowering house price?

To help solve housing affordability, allow low income earners to deduct total or part of the mortgage interest on their tax return. With an income scale of course, the lower the income the more interest you could deduct.

Affordability?😂 pricing up while rates up, up up… this schizophrenic housing market doesn’t follow the narratives of analysts and specialists

"You will have to forgive me if I don't think about monetary policy" - Justin Trudeau . If he had thought about monetary policy, the massive debt that Canada carries might have served a purpose ie free post secondary education, building water treatment facilities for northern communities, protecting our forests from fire, Healthcare, helping those who are addicted to drugs with recovery programs, preventing illegal.gun smuggling into Canada. It's been one big selfish party for the Liberals where they perform a dramatic script about what is needed and then say and that us precisely what we are doing and intend to continue to do because that's what Canadians expect and so on. In reality, the Liberals do not answer questions in the HOC and by doing so, they are refusing to participate in their role. It's so sad that he plays, defends himself in an inquiry each year and then makes campaign promises while in office. When he gets back from holidays he will start...

I’m afraid you are wrong. Have you heard people are completely fine living in their vehicles. Yeah. Say no to homes folks

If we skip the price of the house and the mortgage, the government should make sure to reduce the property tax and Condo FEE as the first thing;

If it work with supply and demand the price will be hard to bring down, we need the federal gov to put a market cap to solve the crisis.

I’m afraid you are wrong. Have you heard people are completely fine living in their vehicles. Yeah. Say no to homes folks. Besides who needs a family home is no one has families anymore 😂

Home price will skyrocket and reach new high in 2024 or 2025. Inflation will remain above 3 percent for a long time. 😢😢😢

lol 😂😂😂 what world are yall living in and short shallow recession yah good luck! And also we need to change this government like yesterday Pierre for PM

Stop buying cars and having Starbucks

As a foreigner i looked at the prices in a few cities and i was completely shocked😂 How much does a canadian earn, are your cities filled with rich people? Or do "normal" job holding canadians all rent ?

I guess this is easy to fix. If goverment asks banks to not lend money on a rental property or Heloc many people with 2 or more properties will sell it (as they will have to pay their rental property mortgage in full) so prices will go down (due to many houses selling in the market). They will need to sell them really quick. I think the problem was many people making 60 k yearly buying apartments with Heloc or 2nd mortgage. GST on new properties must to be removed.

Canada needs to change of leadership in Canada 🇨🇦 you Can lose your house

Sticker shock is coming at renewal in 2024.

People are working double shifts to pay interest to banks. Even if the interest rate goes down not going to impact on mortgage because people hike the prices again. Canada is broken down. Government has no control on builders and developers. They are making almost triple profits. Canadian people are suffering from this housing market scam

Nicely done houses 🏠 in Canada 🇨🇦

We need to normalize a simple lifestyle and stop normalizing debt. Huge SUVs, huge houses and private universities are simply not necessary. I live within my budget and I sleep better at night knowing that if I lose my job tomorrow, ' be fine. I didn't buy the biggest house. I bought the one I could comfortably repay

Sam Cooper, in his book, "Wilfull Blindness", explains that the housing crisis is largely the result of money launderers washing their dirty money through Canadian real estate. The book is eye opening and highly recommended.

let’s see how many people fall for the trap . After every interest rate hike i’ve seen the news report that cuts were coming ….

I have chosen NOT to buy house in Canada!!!! Why would I? Better buy in Europe (way cheaper than in Canada) or other South American country sand I do not want to spend my retirement here anyway with this lousy healthcare system that treats you like meat (not as human)!

I feel like most of these comments are valid to a degree- My personal opinion- we need our government to allocate tax payer funds more appropriately and more beneficial to canadian citizens imminent needs (ie. housing, drug issues, homelessness vs. social issues outside of the country)

Go woke , go broke 😂😂😂 New tax hike by Ms Chao Chao is the final nail in housing market coffin

Canadian housing Construction is so much better good news for the People and the elders in Ontario and Quebec and Manitoba and Prince Edward Island.

Investors are fleeing in a big numbers

With Freeland around expect crap

"Tighten their bill" and "cut back on spending" ?? U mean file for bankruptcy. Damn global u out of touch with young poor people

Nobody’s cutting any rates 😂😂

There's millions of people leaving Canada. Right now. Nobody's going to stay here.

Eminent domain and civil asset forfeiture to seize luxury condos and remark them for downward redistribution. This instantly solves the "housing crisis" by actualizing housing inventory and providing it to humanoids free-at-the-point of delivery. You are most welcome.

Lies all lies

Prices will continue to collapse......

Axe the tax

Scenario 1 : Rate cut demand goes up slightly along with house prices again, and my kids still can even dream of buying a home. Scenario 2 : Rates hold steady or go up, maybe immigration is dialed back to ease demand, home prices go down, and everyone who bought during covid hands their keys to the bank. Im no expert, but the whole system is out of whack and someone is going to suffer one way or another.

The sheep will do what they’re told and pay what they’re told. The only animal on the face of the Earth that pays to live on, it jokes on us people

Once lied about covid, now no more lie for property 🤗

To make homes affordable the solution is not to reduce the interest rates. The solution is the home prices dropping down. How is that possible? By keeping the interest rates higher. Yes some of the people will lose their homes, but that's their fault, life is all about decisions, they shouldn't have bought these homes with sky rocketed prices and get in to more then half a million mortgages. That was their decision, and now they will pay the consequences for their own actions. These people made a bad decision, why should we stop the processes of having the housing price correction? So we can save their homes? Nop sorry, that won't happen.

There’s many unknowns but one…prices will go up!!

lies all lies

Lol oh look a balloon 🎈.... 🎈

Why would we buy this overpriced houses

❤❤❤️One true God Almighty the creator of the universe came as a human and died on the cross for your sins and rose again. You can have eternal life in Jesus. Raise to live with him in a glorious body in heaven. JESUS CHRIST is coming soon. We are in the end times. Believe in Jesus. If you seek God with sincere Heart you will find Jesus. Romans 10:13 For “Everyone who calls on the name of the LORD JESUS CHRIST will be saved.

Goodbye Trudeau