People are talking about the decline in sales transactions over the last couple of months, however, in such a supply vs demand-driven market, we know that there is a shortage of dwellings compared to the need.
This article from the CBC further supports the fact that we are in a housing supply crisis and it doesn't look like it will be solved in the near future. Expecting a crash? If supply vs demand tells us anything it doesn't look like it's inevitable.
https://www.cbc.ca/news/canada/london/ontario-build-housing-crisis-1.6551546