Yeah opting out is the only power you have in an overheated housing market. I think it’s probably smart to wait until all the stimulus is withdrawn and things settle back into the new post-pandemic normal.

CRB is probably getting cut $800 a month. Your wish may be granted sooner than expected.

If you think a non-productive asset like housing has no risks associated with prices vastly out-performing inflation, then I guess that’s fine. But it’s not a logical thought process.

Did people miss out on capital appreciation not buying Canadian housing up until now? Of course they did. But the same could be said for investors that didn’t buy Enron stock in the ’90s, except it’s worse because Enron as a company actually produced things, and your Canadian house produces nothing other than debt, and crummy rental yields.

You don’t sound like you’re really smart enough to have followed this site very long, because you’re complaining about a neutral analysis that you don’t like.

From CREA economists this morning in my inbox at nation newspaper: “fresh lockdowns but with the take up in the vaccination rate, so maybe we all finally have something else to think about other than housing and being stuck at home all the time.”

They literally came to the same conclusion as the industry, but you whiney nasal “I don’t wikey the media” types always complain when you don’t like what you read. m

Is this “the” Trader Jim or just a comment name? I have just begun reading GBE.

LOL! That was Bank of Montreal, of all people. When our banks think we’re idiots, we’re probably idiots.

Low rates are borrowed future demand stimulus. Eventually the people you borrowed catch up.