As real estate pundits breathlessly wonder if Toronto's condo market has hit its floor, the student body at York University is wondering if they will ever have a roof. The conversation about 'market bottoms' is inherently predatory; it signals to investors that it is time to start buying again, which will inevitably drive prices back out of reach for the working class and young graduates.
We are witnessing the death of the Canadian dream in real-time, fueled by an economy that treats housing as a high-yield asset rather than a human necessity. When the news highlights 18,000 lost jobs alongside a 'recovery' in real estate prices, it is telling us that our labor is worth less while our existence costs more.
The Keele Street Journal must call this what it is: a generational betrayal. We don't need a market bottom; we need a market collapse that resets prices to reflect the actual wages being paid in this city, rather than the speculative whims of global investors.