What was Canada's last housing crash?

Canada’s last housing crash, which lasted roughly from 1989 to 1995, wasn’t as catastrophic, but it hit certain markets especially hard. By August 1993, the average home price in Toronto, for example, had dropped by 28% from its April 1989 peak, bottoming out at $189,000. What would a Canadian housing crash look like?

Will Canada's housing crisis be solved by building more homes?

Canada’s “housing bubble,” along with increasing sale and rental prices, has led to calls for building more housing. However, the housing crisis will not be solved by building more of the same like condos and suburban homes for single families.

What happened to Canada's housing market in May?

(Esteban Cuevas/CBC) Canada's housing market continued to cool down from its red-hot pandemic pace in May, with the average price of a Canadian home that sold during the month going for $711,000, a decline of more than $100,000 in the past three months.

What happened to co-op housing in Canada?

From the mid-1980s, the Canadian government started withdrawing its support, and by 1992 had cancelled its co-op housing programs. Yet, co-ops are still being built with provincial and municipal funding schemes and new challenges, like increased inner-city land prices.