I’m a Canadian. While there are some factors up here which are advantageous, housing is still overpriced. It’s not just that they made high risk loans, but demographics are going to be hitting housing demand.
There are many, many people, at least where I am looking to relocate, sell, etc, and very few houses are selling. Pretty much everyone who wants a house has one.
I am in ottawa.
The housing market has not gone down at all.
House prices go up every year and houses sell.
I suppose some spots in canada might be the opposite but for the most part it is like ottawa in the rest of canada.
The article is wondering why Canadas housing market did not
crash. I think I made my point.