/biz/ - Business & Finance

Not one person has put forth a convincing argument as to why real estate in this country will ever go down (and by that I mean the cost of ownership, not the principle; remember that rising interest rates lower the principle but not the monthly payments you make; in fact those go up with rising inflation and rising interest rates -- those costs also get passed down to the renter to landlords win (again)).

I'm here waiting on the sidelines with 200k, but I guarantee you shit ain't ever coming back down to reality. Immigration machine is in full swing, NIMBYs will make sure that no new housing is built. Politicians are NIMBYs too -- Toronto just passed changes that made the baseline cost of building a SFH or TH over $100k. That's BEFORE land acquisition cost or building cost, that's what a developer must pay to the city for ever SFH built, up like $50k from last year.

There is no crash, Canada is the crucible where immigrants and young people fight it out tooth and nail over smaller and smaller scraps while foreign money and generational wealth collect fees for entry and laugh at the resultant blood and guts.