Right? People are mad about Nigerian/Salvadorian/Haitian refugees? Naw. Struggling people who want a better life? Those were my ancestors 60 years ago. They’re cool with me. It’s the Chinese/Russian/Gulfie hot money that needs to be pushed out.

Faisal,

I don’t agree at all. The 80’s saw rapid wage inflation that stoked interest rates higher. Real wage growth has been flat in Canada for decades now and household debt levels are sky high compared to the 80’s. In the 80’s Canadians were still savers and had a high savings rate while today is the exact opposite. We also had a huge manufacturing sector and a more diversified economy Households couldn’t be more ill-prepared for a recession or higher interest rates.

lool.

Lol

GeezLouise, Bluetheimpala is correct here, you will need 15-20 years for the fundamentals to catch up and at the same time prices must stay exactly where they are today.

But if you still think it’s doable think again because construction costs must be frozen as well along with construction workers’ wages for the next 15-20 years and existing RE investors should stay in the market be also OK to accept 0% appreciation (or in other words 30% property value loss due to inflation.)

There are much more conditions which must be met in order for “soft landing” to work but even those ones enough to understand that “soft landing” is just a fancy political term.

Holy shit I just about pissed myself laughing.

lol

Hmmm…I like you. Here’s a bet. I bet that given an entire weekend you cannot find a SINGLE credible source to suggest wages are appreciating at a consistent level that within 10 years, assuming ZERO growth but also no depreciation in RE prices, consumers in GVA and GTA will be able to afford a 20% down plus the monthly and all other costs….ok, I’m kidding, we know the answer because BD basically posted this last year. I think it was 15+ for GTA and like 20+ for the shit slurry out West and that was assuming some unrealistic saving rate. So you’re wrong. In terms of the thought , ‘nobody knows what’ll happen’ I guess that is true with everything…I could jump off a 10 story building and live or I could buy a lottery ticket and hit bank. I can’t say it will happen today or tomorrow or next month but within 6-12 months, I can assure you we will not be in a better place than we are today. Tick tock. BD4L.