Canada’s “correction” is a Toronto & Vancouver story. Every other province is at an all-time high.
For the “just move somewhere cheaper” crowd, and for the honourable Mr. “affordability is the best it’s been in over a decade.”
The national average is down 21% from peak, almost entirely driven by GTA condos and Vancouver. Strip those out and the rest of Canada never corrected. Newfoundland +27.4% above its COVID peak. New Brunswick +19.8%. Saskatchewan +18.8%. Quebec at an all-time benchmark record as of March 2026. Only B.C and Ontario are down from COVID peak.
The Liberal plan promises 500,000 new homes a year, a number Canada has never once achieved in its history, and most probably never will in our lives. “Hoping” to stabilize the prices so income can catch up. The honourable Black-Face himself along with the current Housing minster stated that housing must “retain” its value.
Younger millennials, Gen Z, and Gen Alpha aren’t just at risk of being Canada’s version of Japan’s Lost Generation, at the current pace, they’re being written off as an acceptable casualty of a system that worked beautifully for everyone who got in before them.
Meanwhile, boomers (with medium net worth of $1.1 million) continue to collect maximum OAS even at NET income of 93k a year per individual, costing the tax payers (young poorer families) $80 billion a year.
Edit: the charts with better visuals