The Canadian housing market is experiencing the largest crash in history, with real home prices down 23.5%. Foreclosures and bank losses are rising as speculative buying and developer lending collapse. Younger buyers may benefit from affordability, but retirees relying on home equity face disaster. Tightened credit, declining purchasing power, and a prolonged recession signal deeper economic and societal challenges across Canada.
This Is the Biggest Housing Market Crash in Canadian History
