Nothing will change because no Canadian government will lower house prices and that's what absolutely needs to happen. 2024 was a banner year for voting against the incumbent governments worldwide. Globally we have a cost-of-living crisis, a housing affordability crisis and a years-long decrease in the standard-of-living. Generally speaking, each country has 3 forces that are in play: 1. Progressives; 2. Neoliberals…
No government lowers housing prices. Additionally real estate rarely drops in price unless there is a major economic downturn. It isn't going to happen.
On top of our absurd costs, our productivity is plummeting so there's no positive outlook here.