Purely incidental, but: I check housing prices in Tokyo every once in a while and I've found a lot more of what I'd consider "a good deal" in the last couple of months. Not buying a place anytime soon, just find it interesting to see.

I also took a short trip to Okinawa (the beach islands of Japan) and the Airbnb prices were anomalously low, in fact it was more expensive renting a car for the time I was there than my stay. Not surprising, considering that last year ~31 million tourists visited Japan but this year that number must be very low.

Meanwhile, in Canada…

http://trreb.ca/index.php/market-news/market-stats#commercia...

If leasing activity and sales volume are good indicators, it’s down. Though prices are up slightly…

Also that data is nation-wide, and not specifically for Toronto, which is reasonable to assume would be the hardest hit. (Biggest city, and Ontario has not controlled this as well as British Columbia.)

I think aggregate for the country is almost meaningless, these things are very local.

Toronto residential rentals are dropping but not that quickly. Construction has not slowed and condos are popping up like mushrooms. Prices seem stable for now

There is A LOT of hiring by US companies. Canadian labor is so cheap compared to CA. Every startup past series A seems to be opening a Toronto branch. This is awesome news as it will drive salaries up.

On another positive side we do not have homeless shitting on every corner. Drug addict camps are pretty small and localized and Winter is Coming. Plus courts are actually letting city clear the encampments.

Fiiiine, I am projecting, I admit it.

I still can’t believe people are paying $600,000+ CAD for a 533 square-foot condo, and yet, condo prices are even headed up a bit.

Why would it matter? Do you not have to pay property taxes if the space isn't leased out?