Canada’s housing bubble is bursting. Homes bought for millions just a few years ago are now selling far below purchase price, with losses of 30–35% common. Fear is spreading, sellers are racing to cut prices, and lenders are tightening credit. Prices have already dropped over 24% since 2022—one of the fastest crashes on record pushing construction jobs, developers, and homeowners into crisis. The cycle looks far from over.
Canada
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