Atleast in Canada, the housing market in Ontario and BC are oversaturated and overvalued. People are now migrating in droves to AB after selling their homes and buying a similar sized home for a quarter to half of the value upfront, thereby repeating the same BS here.
I have a 5 bedroom home I bought in 2020, in the last 8 months, we've received more mail and realtors asking if we want to sell above market value, as well as local immigrant families asking if we want to sell to their relatives. And other than the number of bedrooms there is literally NOTHING special about my home.