The market is turning down in the hot weather, although the June weather was horrid. Anyway, it limps, like bitcoin. My friend is building a house up North in the middle of nowhere. She sold her Toronto house right away with a 20% haircut over peak. The buyers were a young couple thinking that a 20% was good. Meanwhile, you look around and there are endless things being built.
The monster homes are at a 30% cut, and I think they will hit 50%, like Vancouver. Everything should eventually settle to 20-50%. In ten years it will start to rise again.