Honestly, I'm sitting at only $30k remaining on my mortgage, which we paid off in 19 years (sold first home, and upgraded in the middle of that) and frankly the rates now aren't really any higher than the first mortgage we got in 2005. So I'm sitting in a pretty good state and just hoping for a major downward drop in housing prices so that my kids (now teens) can afford rent and housing as adults. Or we'll all be living here on the farm. I feel privileged for my own personal situation but also just flabbergasted at the debt people have been willing to take on.

Zero interest rate policies and poor regulation of the real estate market drove prices so high and it's amazing to watch people suddenly act as if it's higher rates now that are the cause of affordability problems. Absolutely short-termist thinking.

Governments (both fed and provincial) let ... no, encouraged ... this to happen.

If your workers can't afford to live where they work... you will stop producing anything at all.