People still think Canadian house prices can't fall by 30%.

THEY. ALREADY. HAVE!

Here are some other dramatic drops across Canada from the 2022 peak to the lowest trough.

-28% Brantford

-28% Chilliwack

-28% Guelph

-32% Fraser Valley

-30% London

-38% Muskoka

-32% Owen Sound

-43% Powell River (choppy)

-28% Waterloo

-32% Woodstock

-35% Windsor

Note: Some markets are in a feeble recovery bounce, not sitting exactly on the lows like the Barrie chart.

If you read Canadian news or asked an idiot politician, they'd tell you Canadian House Prices are soaring.

But they aren't. It's a bubble.

And in every bubble. People. Lose. Their. Minds. Look up the phases of a bubble. That red chart you've seen 100 times. The first phase down off the highs? Denial.

Denial doesn't get any more textbook than this. There are literally people who think this chart is fake. Maximum bubble mentality.

Canadian house prices have much further to fall. Many will exceed 50%+ off the highs. They'll take the banking and credit union system with it. 🏠 🏦 💰 🔥 📉