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FIRST READING: At least the real estate is getting affordable

For the first time in a generation, a declining economy is syncing up with declining home prices

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FIRST READING: At least the real estate is getting affordable Back to video

Canada continues to suffer measurable declines in wealth, productivity and even happiness, but recent figures do seem to show that the deflation of Canada’s world-famous real estate bubble finally appears to be at hand.

In Toronto, benchmark home prices are now hitting levels not seen since 2016.  As of the most recent figures from the Toronto Regional Real Estate Board, the benchmark price for a home in Greater Toronto is now $938,800.

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When adjusting for inflation, this marks a 10-year low. At the close of 2016, a Toronto home came in at $728,500, which works out to $950,890 in 2026 dollars.

It’s basically the same story at a national level. According to the Canadian Real Estate Association, the current benchmark price for a Canadian home is $661,300.

Adjusting for inflation, this........

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