Honestly, as someone looking to buy a house right now, I'd be fine with the market crashing afterward.

Of course, there would be unfortunate side-effects along with such a crash, but I'll gladly take a hit if it means affordable housing for Canadians.

As a homeowner, it wouldnt be the end of the world if my home value went to zero (exaggerating here) but it meant my young coworkers could afford to buy a place.

I still have a place to live after all

According to the numbers, we need 3 solid crashes to normalize pricing.

Three.

On one hand, it kind of needs to happen. Our economy as a whole is overleveraged on housing. On the other hand… A large proportion of our MPs are either landlords or reported housing related income, too, so why would they want things to change?

I’m in the unfortunate situation that I can’t possibly wait it out, for accessibility reasons. I’m utterly pissed off at the idea that I’m probably throwing way my life savings at a card castle that’s waiting to crumble. It’s just completely fucked up.

I bought at the peak for 750k and done close to jack shit and could sell for 1million. Bring on the fucking crash already.

It's not going to though. Too many factors driving the price up which the government is not addressing.

I own, bring on a crash. It also strains me in how I can move about and what I can get next.

So true. This just allows you to give more of your money to a bank over your lifetime. People almost always end up spending as much as they possibly can on a house, usually because they're in competition with a big cohort with similar income in any given area. This will just raise prices as people can get bigger loans.

As a current homeowner, I'm ok with prices going down if more owner-occupiers are actually getting into the market (and ending up as owners not just tenants to the bank). But as long as speculators and corporations can sweep in and steal the deals these lame policies just feel like more corruption.