- Joined
- Jan 14, 2023
Housing is going to moon after 2026.Heads up to anyone in ITT that wants to continue to live in Canada, 2025 and 2026 might be the last chance to buy property. The housing market is currently going down due to a net outflow of temporary foreign workers and international students. 3 year visas peaked in 2022 and 2023 and they are currently expiring, resulting in a net outflow in foreigner population and housing prices are going down (they are still too high). Ontario and BC most affected. However in 2027 the ban on foreign home buying expires. Will it get extended again? Who knows.
There is practically zero housing being build for residency and ownership right now. Zero precon sales.
Only thing that's being build is rental units.