[msimms]

Just wondering what some of you out there are wondering in regards to our RE market.

Personally...I think at best we can hope for a plateau in valuations....but probably a 'correction' is in the future.

Gov't is in a rough spot...I think they want to raise rates a bit to slow the RE market (definitely don't want a crash like the states), but increasing rates will slow the economic recovery...

Opinions?...

I don't think Bank of canada will raise Rates with R/E in mind, I believe their #1 priority is inflation. And if inflation stokes because of the money supply increasing due to stimulus or debt reduction efforts then Boc will rate rates and that will definitely affect real estate prices.