High End Real Estate CUT Price by $1 Billion! Is This A WARNING Sign?

There are big changes happening in real estate today. We can see it happening all over the world, for better or worse. People are under the assumption that the way it’s been going for the past few years is the way it will go for the next few years may be in for a rude awakening.

500 million home - Google Search
https://www.google.ca/search?q=500+million+home&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjhwMnEzprdAhXG54MKHaI0DfUQ_AUICigB&biw=2560&bih=1366#imgrc=VoQfLe5gnws5wM:
The $1 billion price cut: Luxury real estate gets slashed
https://www.cnbc.com/2018/08/31/the-1-billion-price-cut-luxury-real-estate-gets-slashed.html
More 'miserable' Toronto, Vancouver residents mull leaving cities: Study - BNN Bloomberg
https://www.bnnbloomberg.ca/more-miserable-toronto-vancouver-residents-mull-leaving-cities-study-1.1129102