This is what happens when you sell things people don’t want at prices they can’t afford.

Supply and demand.

Families can’t use these units, they’re too expensive for young people, and we have a drop in immigration as well as higher interest rates.

Break down half the adjoining walls, add more bedrooms, and fit prices to a target demographics actual income.

have prices collapsed yet?

Anecdotally, I don’t see anything crashing. It’s just going to be little price decline here and there with little volume of sales, I don’t know if you can really call this a buyers market.

We need more public housing / coop construction, to make the for-profit rental prices in check. And that translates into actually helping Canada have a more productive economy.

Of course, that’s not going to happen until the voting demographics change to make politicians actually do shit to help the younger generations.

Just pessimistic this is the turning point. It’s probably another decade until housing actually returns to normal.