Canadian House Prices Have Already Crashed

Added: 2026-05-28

[00:00:00]Look, the bottom line, as it always is, is this is getting kind of complicated, right? It's not this clear crash, clear falling off a cliff mortgage renewal story or the mortgage renewal wall that we've been hearing about. It's It's a story that has a lot more going on in the background. Yeah, and it's not a, you know, it's it's sort of like a the it's a grind, right? We're still like we're just the Everybody wants to talk about a crash. Every time I post something on YouTube, like, "Ah, prices are going to crash." I'm like, "Dude, my brother, pri- prices already crashed.

[00:00:28]Like, they did. It happened." I don't know if you're looking at the same charts as me, but prices crashed like massively. Literally, we are on the biggest decline in house prices in Canadian history. And >> Crazy. you know, and people are still calling for a crash. It's like they'll continue to grind down until something changes to improve the math, but that isn't the case right now. People outside of the ownership that can't afford it aren't going to jump to try and push in.

[00:00:54]They'll they'll uh they'll rent longer.

[00:00:56]They'll stretch their finances harder, and they may stay outside of the system, and you'll start to see people trickle back in, which is what you're starting to see now. And you do have pent-up demand. It's a real thing, but pent-up demand isn't like the slingshot that you just fire like a water balloon at the market.