Canada's Housing Crash Is Now the Largest in History

The Bank for International Settlements just confirmed that Canada's real estate correction is now the largest in the country's history — and the largest among all similar advanced economies globally. Inflation-adjusted home prices have fallen 29.3% from their 2022 peak, pushing real housing values back to where they were in 2016. Nominal prices are down 20.1%, erasing everything gained since Q1 2021. While Canadian media spent last week celebrating a 5.5% monthly sales increase and calling it a "recovery," the BIS data published July 8, 2026 tells a completely different story — one that BMO's senior economist compared directly to "the bad 1990s cycle." This video breaks down exactly what the BIS data means, why inflation-adjusted prices tell a completely different story than the headlines, what the 1990s comparison actually looked like for the families who lived through it, and what a "largest correction in history" means for the 1.3 million Canadian mortgages renewing in 2026 — people whose equity may have evaporated faster than any generation before them. Sources used in this video: Better Dwelling — Canada's Real Estate Correction Is Now The Largest In History (July 8, 2026): https://betterdwelling.com/canadas-re... Globe and Mail — Canada Inches Closer to a Lost Decade for House Prices After Factoring in Inflation (March 2026): https://www.theglobeandmail.com/busin... Bank for International Settlements — Real Residential Property Prices for Canada (FRED/BIS): https://fred.stlouisfed.org/series/QC... WOWA — Canadian Housing Market Report June 16, 2026: https://wowa.ca/reports/canada-housin... CREA — May 2026 National Home Sales Report: https://www.crea.ca/housing-market-st... RBC Economics — Housing Affordability Q1 2026 (July 2, 2026): https://www.rbc.com/en/economics/cana... nesto.ca — Canada Housing Market 2026: https://www.nesto.ca/home-buying/cana... True North Mortgage — Housing Market Forecast 2026-2029: https://www.truenorthmortgage.ca/blog... The previous video revealed how Canada's housing affordability at 53% matches the 1990 bubble peak — while RBC warned the improvement is probably over. This video shows what the BIS global data confirms: it wasn't a bubble. It was the largest correction in Canadian history. And it may not be finished:    • RBC Report Reveals Canada Housing Crisis W...   This channel does not provide financial or legal advice. All analysis is based on publicly available institutional data and sourced reporting. #housingmarket #realestate #canadianmortgage #canadianhousingmarket #canadahousingcrash #canadahousing #housingcrisis #canadarealestate #torontorealestate #mortgagerenewal #canadarecession #bankofcanada #mortgageratestodayincanada #josephbarbuto #markcarney #canadanews #vancouverrealestate #bramptonrealestate #canadahousingcrisis