Half of Canadians Want House Prices to FALL FURTHER: Affordability vs. Prices

Home Prices Down 20%—So Why Is Canada Still Unaffordable? Canada’s housing market is down about 20% from the peak (over 30% in some cities), yet many buyers still feel locked out because people buy monthly payments, not sticker prices. The script explains how higher mortgage rates can keep payments elevated even after a price drop, using an example where an $800,000 home at 2% had a ~$2,700 payment, but after falling to $640,000 with rates near 5% the payment rises to about $3,000. It also covers down payment hurdles, tougher mortgage qualification and stress tests, wage growth lagging cost of living, and mismatched supply where rising condo inventory doesn’t provide the family-sized homes people need. With FOMO replaced by fear of further declines and job risk, transactions fall and markets freeze, showing that lower prices alone haven’t restored affordability. 00:00 Prices Down Still Locked Out 00:58 Affordability Is Payments 01:29 Mortgage Math Example 03:05 Down Payments And Stress Test 04:01 Wrong Supply Mix 04:47 FOMO Turns To Fear 05:19 Cultural Shift On Prices 05:59 Better Questions To Ask 06:44 Wrap Up And Comments #canadianrealestate #realestateinvestingcanada #torontorealestate #torontorealtor #canada #canadaeconomy #canadanews