Home prices have been falling in Ottawa for about a year. Rents are falling fast.  Whatever the guy's name is will be lucky not to lose his house to the bank when prices in and around the GTA go into free-fall mode. He bought at the peak and the GTA in general is looking at, at least a 50 percent haircut in prices. Well he's young and still learning. Maybe he should have done what an American millennial would have done that is rent because prices are far too high.