Corporate was buying and building homes like crazy so they could scalp renters for 3k/month. Rent is coming down, so it doesn't make sense for corporate anymore. They've been quietly unloading houses since 2023, hoping to get out before prices collapse.
Throw in the property insurance disaster, the building collapse disaster, and all of the natural disasters affecting home 100s of miles inland from the coast, and it makes for a proper housing collapse.
The spiked rate should affect sales everywhere.
Give it time. These things have a tendency of spreading once they get going.
It looks to me like Trudeau and Canada got played.