Below are two graphs that look like they may have something in common. The first is from Whisperer's blog. We have posted it a few times here, and it shows how a mania unfolds in a graph.
I admit I have had trouble identifying where we were on the slope, but things may be a bit clearer now.
The second is the SFH average price for Vancouver. You judge.
How resilient is CMHC to a US style housing crash? - Kabloona points out this article asking yet again how this country would fare in a US style housing market crash, but particularly how the CMHC would fare:...
23 hours ago