[delboy]

Hardly a new view on things. Those of us who have seen the spike in RE have been saying the same for years. Fundamentals have been out of wack for some time.

The only saving grace here, and something that is often not mentioned, is that rental prices are reasonable here, probably not much higher than Calgary or Toronto. Sure, it may now be more expensive to own here compared to New York etc, but what about renting?

Perhaps we are seeing a shit back to less home ownership here. It is time though that there were rules put in place for foreign ownership. It's clear that they are driving up prices.