Or incomes need to rise. We have 8-10x average home price to average household income in Toronto. It makes absolutely zero sense since Toronto produces nothing of value. Canada is not a manufacturing nation and our energy industry is heavily gimped because of America and internal traitors.

>>508646378 (OP)
Our housing minister said housing prices will never go down

>>508646378 (OP)
Australia has 190% house increase with 2% inflation.

We are 'importing' 650,000 more shit skins to prevent a immediate housing crash on boomers.

it is 100% banks, public servants and immigrants faults for this, That is who they do not want you to blame.

>>508646626
They have to go down because it doesn’t make any economic sense unless they want us to live as eternal forever renters with barely any extra income, ie serfdom.

>>508646669
Total gross government debt is around $3 trillion CAD, well above 100% of our GDP. 5x avg home price to avg household income was the peak of the last great housing bubble in Toronto during the late 80’s, it was when interest rates were above 10% and debt to gdp below 70%. Canada is going to collapse economically and there will be a major depression here. We aren’t going to die because we have resources and only people with totally paid off homes are going to make it but we’ll all be poorer. Look these goons are going to either sacrifice our future prosperity and currency (most reliable currency in the world since 1870’s) or they need to let the economy go into depression so we can bounce back. This is the only way.

>>508646378 (OP)
Housing is just an investment for boomers. No one will sell unless they can get more than they paid, and they paid more than you can afford.

Even when houses are sold, it's not to people who want to live there, it's to other investors who are themselves just planning to sit on it or maybe rent it out for a few years until they can sell it for more to someone else who's planning to do the same thing

>>508646378 (OP)
>in Toronto
Leave Toronto. There's lots of affordable places in Alberta.

>>508646745
>serfdom
You vill own nothing and be happy.
Canada was the first experiment, just like assisted suicide. If Canadians don't revolt, then they will continue with other countries. They brought in the most immigrants ever for 2-fold reasons: divide and rule by tribal race and increase cost of living and lower wage to make Canadians own nothing,
>>508647312
>Boomers
That's a funny way to spell bankers that manipulate supply with the shadow market.

>>508647833
>If Canadians don't revolt
secession of the plebs anon
you don't have to lift a finger to win
just leave
go where it is affordable and let them have nothing but their stinky jeets
watch it all collapse on them

>>508646378 (OP)
Was there some part of “You will own nothing” that you didn’t understand?
Those niggers aren’t just talking to hear themselves talk. This is all part of the plan.

>>508646378 (OP)
incomes need to double. I see 2007 wages still being offered and min wage is still 7.25

>>508646378 (OP)
Nothing a few hundred thousand more pajeets won't fix, right leafanon?

>>508646378 (OP)
>Housing prices have to collapse
>Or incomes need to rise.
neither thing will happen
>>508647833
>>serfdom
>You vill own nothing and be happy.
checked

>>508647707
>"move to AB"
>they write, from the safety of not being in AB

americhuds strike again

>>508646378 (OP)
They won't come down because the line has to go up or the jewish investors will lose money

>>508646626
>2008
if he said so

>>508646378 (OP)
>leaf problems

>>508646378 (OP)
Welp, as long as you retards keep mass importing jeets, it won't crash. Your faggot government will just print money to keep the jeets coming.

Don't you guys have a ton of mortgages rolling over to higher interest rates this year?

>>508646378 (OP)
>Housing prices have to collapse
lol no they don't.
They are priced rather fairly if you account for the devaluation of the dollar. What's preventing housing collapse is supply is still limited, whether they are in shadow inventories, and are scooped up by big financial firms. What you are really asking is will the Central planners allow a recession or liquidity event to force prices down, it is increasingly unlikely that they will allow this for any sustained amount of time because the financial sector is all interwined and leveraged, they'll opt for just "Printing more money". You aren't supposed to own anything and you won't be happy.

>>508646669
open border voters are to blame

>>508646378 (OP)
get deporting or you are never buying a house leaf

>>508646378 (OP)
do they? what if wages and salaries went up instead?

Anyone has a graph on historical house prices vs average income before crashes, so we can see how bubbled it is?

>>508650107
>what if wages and salaries went up instead?
This also cannot happen.

You have 2 groups.
Group A: They get to print money and enjoy it
Group B: You.
If you were allowed to benefit just as much as them from "printing money", the byproduct is that it quickly unwinds and essentially it reveals it's just a scam. So you need a loser
that's wagies. The system is structurally designed to stealth wealth from the bottom or it doesn't work at all. Yes.. It stops working. Wages rise with asset inflation, wagies then put pressure on homes/assets, inflation expectation rises, interest rates rise, interest rates rising pops the debt/credit markets.
Game over.

>>508647088
25% of our total workforce works directly for the government at this point. Their plan is a worker class that works for the govt and administers a slave class that is squeezed into perpetual labor. A lot of the boomers already do this, they work even after retirement because there's nothing else to do here and they can't keep up with inflation.

Living in Canada seems almost the exact same as living in America but 3x worse in every way except for healthcare.

>>508646378 (OP)
No, you will die a rent slave while private equity firms flush with taxpayer dollars keep the market inflated beyond your purchasing power.

Home prices almost never come down because that is how the government taxes each one and the jews issue loans to buy them.
Home loans are the ultimate jewery. You wind up paying like ten times the amount you borrowed.

>>508646378 (OP)
>Housing prices have to collapse
Only foreigners are buying houses here. Open houses are filled with them.

Man relatively I make quite a lot of money but it really does not feel like a lot after taxes and everything.

>>508646378 (OP)
If it took 3x the average income in 1980, then why come people got 30 year mortgages? Doesn't make any sense if you can pay it off in like 5-10 years ez.

>>508646378 (OP)
>Housing prices

>>508646378 (OP)
u already posted dis today my fagger

>>508646378 (OP)
>It has to
No it doesn't.
It doesn't have to anything any more than the salinity levels of the Dead Sea had to go down to prevent all the fish in it from dying. Housing prices in Toronto are set by the global market not the local market and so conditions at the local level are irrelevant.

It is perfectly sustainable for Toronto to become a place where only rich people can afford to live. The world is full of cities like that. How many middle class and poor people live in Monaco? You will commute into Toronto by plane from whatever Eskimo reservation they pack you native Canadians off to live, and you will perform your menial duties for Dupree and Sanjay and you will be happy.

>>508646378 (OP)
The housing crash is the final nail in the coffin of the current zombie economy

>>508653408
Monaco has very low taxes and very good weather. False equivalency.

I really wish the max amount of pain on you canadians, you people are insufferable bastards

>>508650966
You pay about 3x in the US on a 30 year fixed. Over 30 years the houses have done a 10x, 20x or more in costal areas. That's a good deal. There is good debt and bad debt.

>>508648136
This. Our psychopathic overlords tell us what they plan on doing, yet most people refuse to believe it's true, even when shown these verbatim quotations from mainstream sources.

>>508646378 (OP)
The housing market will not collapse 100% but the Canadian currency is on its track to be worthless. They are going to print money by billions to fund their rapugies, Ukraine, Trump tariffs and etc and there will be inflation the big one this time