🇨🇦 Vancouver’s housing market is starting to look genuinely ugly.
Court-ordered home listings are near multi-decade highs, while far fewer of them are actually selling.
And the discounts are no longer small.
David Lin points to properties selling dramatically below previous values, including units that went from roughly $2 million to $1 million in just two years.
The pressure is coming from the mortgage reset.
Canadian borrowers often have to refinance after three or five years, and many are now rolling into much higher rates.
That means the housing correction is no longer just about falling prices.
It is becoming a forced-selling problem.
@davidlin_TV
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Drawn @Wharever1234 ·
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@MarioNawfal You ain't seen nothing yet.











































































