I completely agree. In Vancouver and Toronto (and to a lesser extent, Edmonton & Calgary), housing prices are raising at ridiculous rates, while income is large

I completely agree. In Vancouver and Toronto (and to a lesser extent, Edmonton & Calgary), housing prices are raising at ridiculous rates, while income is largely stagnant. I have multiple friends who've bought houses in terrible condition with 5% down because that's all that they can afford. If interest rates increase at all they're in massive trouble.