[hourislate]

I don't think we can learn anything. The whole dynamic is different. Interest rates, BoC/FED Gov are too invested in keeping the market going to allow it to correct. People have stretched themselves to the limits with debt. Then you have incredible capital outflows from Asia just parking money in Canadian Real Estate.

For ever distressed Canadian sale, there will be 100's of billions of foreign $$$ waiting to snatch it up.

It is truly remarkable what a young Canadian faces today when it comes to enjoying what previous generations took for granted. A good job or career, a house or property, etc. It just isn't going to happen for the majority of them.

[throw0101a]

> For ever distressed Canadian sale, there will be 100's of billions of foreign $$$ waiting to snatch it up.

There seems to be a feeling that not enough is being done about money laundering, and that's not helping the real estate situation:

* https://betterdwelling.com/how-a-little-money-laundering-can...

Canada seems to be so popular what we have our own verb, "snow washing":

* https://en.wikipedia.org/wiki/Snow_washing

[CountSessine]

If this was really the case, wouldn't we expect large numbers of Canadian homes to be sitting empty? Or to have a rental market with high vacancy rates at the expense of a tight sales market? In Vancouver at least, we don't see either of those. But the population keeps exploding (2%/year for the metro area) and people keep protesting development. What's the most straight-forward explanation for this?