I truly appreciate the experts describing the upcoming balanced market.
I see it this way. I throw a baseball in the air (not as far nowadays 😒).
It stops rising, and returns to terra ferma. What are the odds it returns gradually, or within my control? Zero.
Only time will tell. But most of the small and medium sized businesses who are dependent on consumers supporting them will likely be toast when those consumers have already committed future earnings on today’s real estate purchase.
As the interest rates are creeping higher to boot.
See you all on the other side.

I truly appreciate all the experts describing how we are heading for a balanced market.
I think of it this way. I take a baseball, and throw it as high as I can into the air (not as far nowadays 😒).
Eventually, the ball stops rising, and returns to terra ferma.
What are the chances the ball will gradually fall, or fall within my control? Zero.
This is the classic “last one in is done”. Except the longterm issue is there are a large number of Canadians who are the “last ones”.
Time will tell what happens next. But clearly the recession looming will nearly destroy the small and medium sized businesses dependent on consumers spending money on lattes and sneakers where those consumers have committed future earnings on today’s properties.
And all as the interest rates are creeping higher.
See you all on the other side.