One sign that things are not good that we see now is , inventory it has increased 50% vs pre covid. the pent up demand is starting to vane so when foreclosures start, $ 600 extra employment end.

For us we may have been $50 under market, but it also showed their was a lot of pent-up demand with no affordable alternatives.

Because of this pent up demand, that is salivating for another "once in a lifetime" opportunity, I doubt we will see it again anytime soon.

Too much pent-up pressure for housing and industrial building coming back from China, and wages. 

Once the pent up demand is spent, I expect to see a dip followed by a steady recovery as the economy digests the true fallout from this crisis.

All of those are rather strong areas with a lot of pent-up demand for rentals and a strong average household income to make higher-end properties pencil.

But new houses and apartments didn't get built to match the growth.Result: Pent up demand for new housing, now that banks are lending again, the stock market is inflating, job growth is back, etc.

(Right now, EVERYTHING is booked solid due to peak season and pent up demand, but that is not always the case). 

Having grown up in Toronto, still living nearby and having friends who currently invest there, detached homes are in limited supply and that supply has been pent up for some years now compared to demand, while sustained demand due to added competition from foreign investors, local investors, and sustained low rates compound the rate of increase.  

There is a lot of pent-up demand in the market right now for people who need a home.