[refurb]

Canada is proper screwed. Median sales price across the whole country is 2x the US. Plus Canada doesn’t get 30 year fixed mortgages.

I’ve already seen people pissed that when they renew their 5 year mortgage the rate is higher than 2 weeks ago.

In the past month the rates have gone up and the ‘burbs of Toronto are seeing double digit percent decreases. Gonna be fun to check prices in 6 months!

[orwin]

Montreal prices seemed a bit high but not exeptionnal compared to the median income before Covid, did that change a lot?

[refurb]

Montreal was quite affordable alongside many other cities like Halifax, Calgary, etc.

They’ve seen a run up but still aren’t that high - 400-500k up from 200-300k. Could see a correction, but it’s nothing like Ontario and BC where small towns are >$1M already.