> Here is how messed it is. A listing 4 hours North of Toronto. 800k plus for a shit hole with nothing around.
Advertisements are not transactions.
Said house first listed for $999,999 back in May[1], but didn't sell. It has been listed for $825,000 for over a month now and still hasn't sold.
You can slap a billion dollar price tag on a house if you want. That doesn't mean there is a buyer and says nothing about the state of the market.
> Even today they are still going up.
No. The overall market peaked in early 2022[2] and has been on the downward trend since. In [2] you will even see the infamous dead cat bounce, which is strongly indicative of the crash having already happened, with the market now just trying to figure out where the bottom is.
Advertisements are not transactions.
Said house first listed for $999,999 back in May[1], but didn't sell. It has been listed for $825,000 for over a month now and still hasn't sold.
You can slap a billion dollar price tag on a house if you want. That doesn't mean there is a buyer and says nothing about the state of the market.
> Even today they are still going up.
No. The overall market peaked in early 2022[2] and has been on the downward trend since. In [2] you will even see the infamous dead cat bounce, which is strongly indicative of the crash having already happened, with the market now just trying to figure out where the bottom is.
[1] https://housesigma.com/on/huntsville-real-estate/255-town-li...
[2] https://images.ctfassets.net/gm6df3h7p862/642MhWekUf7LM5PNni... [3]
[3] https://creastats.crea.ca/en-CA/