Comment 74253

By A Smith (anonymous) | Posted February 12, 2012 at 14:19:59 in reply to Comment 74243

>> I'm sure you will do whatever is necessary to maximize that view and your sale prices.

The residential market is all about timing.

From 1961-2008, Canadian residential investment averaged 5.76% of GDP.

Here are the numbers starting in 2003

2003: 5.99%
2004: 6.43%
2005: 6.52%
2006: 6.77%
2007: 7.08%
2008: 6.72%
2009: 6.49%
2010: 6.94%
2011: 6.86% 3rd quarter

With household debt at 153% of GDP, this ponzi scheme is about to implode.

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