Canada Housing Market Just Collapsed. Is Australia on the Same Path | EP106

#canadapropertymarket #crash #canadarealestate
After the pandemic, Canada went through one of the fastest housing booms in the world. At the peak, the national index jumped 26% in a single year, and detached houses were up 35% year-on-year. But after the high in March 2022, prices kept sliding. By the time we released this video, the national index had fallen back to where it was in April 2021—and the downward trend is still in place.You could say the past few years have been a rollercoaster for Canada’s property market. And even after multiple rate cuts, there’s no sign of a turnaround. As Australia’s national price growth accelerates, plenty of people are worried: will we stumble like Canada? Can rate cuts really keep Australian prices rising? Some long-time bears insist Australia will sooner or later repeat Canada’s fate.To get to the bottom of it, I did a deep dive and found that the decisive factor behind Canada’s market is, surprisingly, the same as New Zealand’s. It’s a piece many people overlook—and it’s the key to understanding where both the Australian and Canadian housing markets are headed.

00:00 Canada Property Crashing
01:40 Canada’s Roller-Coaster Home Prices
03:53 1.The Housing Affordability Crisis
05:41 2.Canada’s Unemployment Surge
07:01 3.Canada’s Economy Near Recession
09:03 4.Canada’s Population and Immigration U-Turn
11:37 5. Condo (Apartment) Market Crash
14:06 Will Australia’s Housing Market Follow Canada’s?

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