That time never stopped here in the big-city parts of Canada. The US housing crisis was a speed-bump in our endless upward price-march out of affordability.
It's definitely still going in Toronto. I'm seeing condos that are selling for 50-100k more then they did a year ago, and anything in the downtown core or near a subway line seems to gain value like clockwork.
Vancouver sfh’s are down at least 10% now from their peak last year.
The slump has already started.
vancouver is completely different. the government is intentionally depressing prices.