: I DISAGREE WITH YOUR RUNAWAY INFLATION IN REAL ESTATE COMMENTS. IF IT IS A RUNAWAY, WE WOULD BE IN THE MILLIONS.

You are entitled. And we are – in the millions! Surrey SF home from $1,050,000 to $1,900,000 is runaway inflation (in 3 years).

On high in place: …markets are”…It’s a game where there are no guilty or innocent parties. Everyone participates with eyes wide open. However, in this mad world there will be a peak… There will be demand destruction in a recession in this and many areas of the economy. “

68/59/70: Feb-April 2022 GENERAL: We have had a lot of questions and  comments on the “high may be in place’comments. It is clear that momentum is slowing (look at the Fraser Valley board stats) but it is still there. I expect that this spring a large number of owners will continue to list(!). Initially many of those listings will be soaked up’ by the demand, but it will slow into the summer with news reports about listings and a slowing market.

If you are an investor, take a good hard look at your portfolio. Sell your losers (subsidizing rental income) keep the cash flow (it will be harder to come by in the future). As an owner, understand your blessing of low rates – maybe look at your HELOC convert it to a long-term mortgage.”