In Canada, I had no idea how extreme the housing market became during the covid plandemic. Buyers were outbidding each other by outrageous amounts just to purchase a home. Now, many homeowners can no longer afford their mortgage payments when it's time to renew. As a result, they're being forced to sell, but many sellers still seem to believe their homes are worth peak-pandemic prices. Properties often sit on the market for 80 days or more, with sellers making small price reductions of $5,000, then later $10,000 or even $25,000, yet many still struggle to attract buyers because their house price is still massively inflated.

I think a lot of people have been distracted by Netflix or relying on mainstream media, believing the economy is doing well, while they don't realize how bad the Canadian economy is.

According to several online podcasters, many homeowners also took out HELOCs (Home Equity Lines of Credit), allowing them to borrow against the increasing value of their homes. Many assumed housing prices would continue rising indefinitely, so they borrowed more, expecting their home equity to keep growing.

I had no idea this was happening. I didn't realize how many people were buying homes at inflated prices or even that HELOCs existed. Looking at the situation today, it seems the Canadian housing market has become a massive mess, with some homeowners facing serious financial hardship and, in some cases, bankruptcy.