🇨🇦 Third downgrade this year, and the housing priesthood still pretends this is normal

CREA just cut its 2026 home sales forecast again, after September transactions dropped 7.7 percent year over year and the national average price slid to $666,538. New listings are falling too, meaning this is not some healthy reset. It is a market warped by years of Trudeau-era cheap-money fantasy, mass immigration demand loading, and central-bank panic over the inflation those same elites helped unleash. Even CREA admits buyers are backing off as mortgage rates rise and rate-hike fears return, as reported.

The funniest part is the official spin: just wait for more certainty next year. Right, because Canada now runs on vibes. Toronto and Vancouver are weak, the Prairies and Atlantic are cooling, and the so-called national housing strategy still amounts to importing demand faster than homes can be built while pretending affordability is a mystery. This is what globalist management looks like: inflate, deny, downgrade, repeat.

🍁 Maple Chronicles