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by bryanlarsen
518 days ago
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Property prices are going to crash hard in Canada. The government plans on capping temporary residents at 5% of the population, down from a current 7.5%. That means that 900,000 people are going to have to leave. And that's the Liberal plan. The presumptive incoming Conservative plan is going to cap numbers even harder. Combine that with a massive recession caused by the Trump tariffs, and expect property prices and rents to plummet. Rents are already down to a 17 month low, but that's just a minor correction compared to what's coming. |
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