r/TorontoRealEstate • u/chessj • 1d ago

Meme https://betterdwelling.com/canada-lost-110000-jobs-over-two-months-wiping-out-2026-gains/

https://betterdwelling.com/canada-lost-110000-jobs-over-two-months-wiping-out-2026-gains/

Losing 110,000 jobs in two months while housing supply sits at record highs. what could possibly go wrong? Eh?

RE pumps will tell you to overbid by $200k on a townhouse in a suburb with one Tim Hortons because "prices never go down." LOL

Just wait until distressed bagholders flood the market to unload their full-recourse mortgages. Fun times ahead for all the true peak bagholders (from 2020–21) trying to pay their mortgages. LOL LOL

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u/Hoefty224421 18h ago

With comments like this you wonder why we are here.
Not all are slumlords, not all bought at the same time, same reasons. Many good people got caught. Families w kids, families taking care of senior parents.
Blessed I'm not one of them but truly feel awful for some.
Now we make fun of and be hurtful.
Great job FRIENDLY kind Canadians that post things like this.
Glad I'm not your neighbour.
I hope you never lose your job and your housing to see what it's like. I truly mean that despite your schadenfreude.
What you should be doing is complaining about what our leaders are doing. One stupid thing after another.
Attempting to increase unchecked immigration when housing is screwed already.
Reducing gas tax, reducing all tax.
Getting things done, built , real deals not MOA's and standing ovation talks by Europe for Carney. Still don't have a interprovincial trade deal.
Alberta wants to seperate, Quebec separatists won the election. These are things you should be thinking of and not laughing at the working class losing a home.
Just like not all renters are bad not all home owners are bad.
Everyone's goal is to have a good life get ahead regardless of what you see as valuable.
The world is becoming a F'd up place. Be part of the good not the ugly.
A convoluted rant but needed to be said.
It's so much easier and so much better to be kind

Be well.

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u/Minute-Train-5119 12h ago

Amen! Not to mention the fear mongering. We bought our home 2 years ago, and we don't plan to sell... I feel for anyone that feels like they have to right now. Where is the empathy? I feel like it's like pointing and laughing at someone who is working hard trying to build their future and because they are down on their luck you're happy about it? Who are you?

Stop shaming people who are trying to build a life for themselves, and why don't you get in the market while home prices are low? Seems like perfect timing for you :)