Nope, gonna be one whopper of a buyer's market, when Private Equity is forced out, because bad math.
If you've got the cash….
Two things.
One, existing home inventory is down by at least one third, if not closer to half, because they don't want to give up sub 3% mortgage (nor would this Anon), so these are now estate issues, not real estate.
Two, the inventory that was taken out be overzealous AirbnB bandwagon hoppers that are now underwater. (Private equity ownership is in the same boat, as they all borrowed on adjustable rate loans and have fucked themselves.) Banks will be doing these workouts, not the actual owners, because fresh foreclosures.
Just you wait, this will be real pain.
Some Toronto bubble bursting has started. Watch the auctions. Some nice cottages will be coming up on the block, soon. Seemingly started in August, near as I can tell.