High housing prices are bad if you are young just starting out.
But if you own your own house like the majority of Canadians (myself included) this is GREAT news.
Thank you Trudeau.

What do you mean by "own your own house"?
I own my house outright. I don't owe any money on it. I think mortgages are car payments are the two things that bog people down financially the most. I have never nought a new car. The closest I have come is when I bought a 2004 Hyundai Elantra in 2007, for $8,700 + tax, which was a great deal for that car.
I currently drive a 2006 Toyota Vibe, and I have a 2003 Buick Rendezvous in my driveway that just needs a new battery. As long as what I drive is safe, and fuel efficient [not as bad for the environment], I don't see any reason to get a new car.
I might get a very new used car soon, just to have a gas fueled car before loony lefty Canada bans them. That way I can still be driving a fuel car for 15-20 more years.
Another reason I don't want anything newer is because new cars have so much computing in them. The elite want us in smart cars that they can turn off any time they want.
But regarding "owning" a house, I have a nurse friend who owns her house, and her mortgage is $1,000 a month. Like I said, mortgages just bog people down.
Are you saying the majority of Canadians have mortgages, or actually own their houses outright, without any debt on them?
We SHOULD have had another housing collapse already. If that happens, it will be a good time to pick up some rental properties.
That said, the Canadian government is making it harder and harder to evict bad tenants. It takes about 18 months to do it legally. So I personally want to get out of that business, but have absolutely nothing else I can think of that isn't equally bad in Canada.
Our current government wants communism here, basically.