Political Memes

Prices will drop. Im at the tail end of the boomer generation. When my generation is done with our houses in 10 to 15 years there will be a massive oversupply as we sell off. If our kids dont want our house (they already have their own) then they will pour onto the market and the law of supply and demand says that when there is over supply, prices drop. That is assuming, of course, that we dont keep importing more buyers at a furious pace.

The fly in the ointment is that if Canada does not enact laws to keep corporations from buying up single family houses, they will be bought up by companies, not other families.