You know whats going to happen? They were talking about it here:
Is Canadian real estate in trouble? Vancouver mortgage broker - YouTube
at the 13:00 minute market, is talking about loan forgiveness and keeping people in their homes, instead of the US style mass evictions.
**edit, they were talking about a slump in the end of last year, and how long it might last. Not long enough apparently, as of course, it went up again after that was shot.
Awesome. Those that didn't buy in, and stayed renting instead of buying get to subsidize those that did so they can keep their houses.
How fucking Canadian.