Any truth to the Canadian housing Bubble? Is it as inflated by

>>2007874
I'm not Canadian, but there is one and there's an obvious chance of bursting. Basically the interest rates are so enormous you can't afford a house in major cities.
Even earning 200k a year can't handle you a house more expensive than 500k. That being said, you can only buy houses earning that amount in areas other than Vancouver, Toronto and Ottawa. So moving into the city is pratically impossible.
As for the Chinese influence, it's there. They usually buy housing in urban areas and sell it/rent/develop it increasing their price.
But take my post with a grain of salt.

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vancouver and toronto have foreign investment increasing prices
as long as chinese have money they can bring here it wont pop

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>>2007948
>4000 sq ft house right on top of two other peoples houses if not more for 4 mil

>>2007874
I'm in the GTA and bought my home at around $400K in 2005 and it's currently valued at $1.2M. Prices have been soaring for the past two years and I can't expect that people will continue to pay for overvalued homes, especially if we keep importing broke Muslims

>>2008460
fuck m80, why don't you sell? go live in a hut for a year until the market crashes lol