Not the op but I have a mortgage; Bought in Toronto in 2018 so fairly high. It is possible to have two adjoining thoughts: 1. It'd suck for me if house prices

Not the op but I have a mortgage; Bought in Toronto in 2018 so fairly high. It is possible to have two adjoining thoughts: 1. It'd suck for me if house prices went substantially down. 2. It is nevertheless absolutely positively the right same thing for society. The assumption that house is mandatory, can be your main retirement or even only plan, and prices can only go up is crazy and unsustainable. Pain is coming and I see no reason to keep making it worse while enriching people in undeserving ways. This was my opinion for 20 years,from poor university student to renter to condo owner to house "owner". But I come from Europe so my brain can grok the notion of "you don't have to have a massive house. You just don't". This may sound insulting but my wife is love of my life, born Canadian, and cannot comprehend not having a house, having a family without a house, or that prices can go down. It's like seeing ultraviolet - no matter how much she squint she's not physically equipped :-)