Yes I'm in Canada.
To be brutally honest, the Canadian dollar sucks now and houses for sale everywhere because people want to sell for top dollar. But they sit. Not too many people have good jobs anymore, and most that do waste all their extra income paying down debts, school is crippling now. Rents are CRAZY as well with the double whammy of the CAD-shitcoin and the bubble.
That's just my angle anyway.
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"CAD-shitcoin" lol. Not laughing at you. It sucks that the CAD is essentially pegged to oil prices. Not looking good anytime soon I'm afraid.
It will be interesting to see what happens once those underwater owners start "jingle mailing" their keys to the bank. That's what happened in the US a lot. People just gave the middle finger and said, come take the house. That's when all the underlying MBS went to shit.
There's that great scene in "The Big Short" when they're driving around Florida and there's a For Sale sign in every yard and the realtor is like "Don't worry, the market's just in a little trough." Ha
Thanks for the Canadian insight BTW.