So how are those two asset types tied so closely?

For 1 bd condos specifically prices did go down, because developers overshot the supply aiming for investors. But larger units are still very much underserved and there's too much demand.

Houses aren't expensive just because they're houses. They're expensive mostly because there's a big plot of land underneath, land that eventually will be required for a big tower that will sell like hot cakes. It's the same market because Canada has a market of land speculation.

I was talking to my fiance about this, I'm about to graduate from my program and both of us can work anywhere there is a hospital. We were looking into houses or condos in the GTA but its just stupid expensive. I joked about bailing on canada entirely and just packing up/moving and that quickly went from a joke to our top option. I can't believe its gotten so unbelievably to hard to live here, whats the point in staying?