Layoffs in mortgage started in May 2022.

I was laid off as part of a group layoff 3 weeks before the end of the year….so I missed it by 3 weeks.  

I know a lot of offices in Calgary and Edmonton were vacant and there were lots of lay offs. 

We don't know how many sectors are going to be hit hard (hospitals are laying healthcare workers off) and if you are relying on another job's income to cover your issues (like when the place doesn't have a tenant, when you underestimate costs, when someone trashes your place, you have a large dollar repair that is needed, you have to hire an attorney for an eviction or a lawsuit) instead of a healthy amount of cash or liquid assets; that could really rock your finances when a lay-off happens at the same time an expected one-time hit comes (those things above happen - and never at a good time).I wouldn't take on debt for additional real estate investment unless you had at least 6 months of your monthly expenses (all those debt payments) in the bank and don't touch it. 

While I see the struggles of the working class in America who have been systematically screwed by the system for decades, stealing housing ala Robin Hood is a really stupid way to try to alleviate the issue.

I was convinced that COVID-19 would send home prices to the moon and also create enough buying opportunity with all the layoffs.

Another option is to simply open a brokerage account (Webull, robinhood, fidelity, M1 finance are all good) and start putting your money in an index fund.

They are scared if all these hiring freezes will turned to layoffs. 

Better check out Robinhood :)

Internal Revenue Service, or (iii) received an Economic Impact Payment (stimulus check) pursuant to Section 2201 of the CARES Act;3) the individual is unable to pay the full rent or make a full housing payment due to substantial loss of household income, loss of compensable hours of work or wages, a lay-off, or extraordinary out-of-pocket medical expenses;4) the individual is using best efforts to make timely partial payments that are as close to the full payment as the individual’s circumstances may permit, taking into account other nondiscretionary expenses; and5) eviction would likely render the individual homeless—or force the individual to move into and live in close quarters in a new congregate or shared living setting—because the individual has no other available housing options.