I loved your ‘Yeah Buts’ story that Michael Campbell offered.

Not sure which market you are talking about? The United States bottomed 6 years ago, in Ottawa sales are up 7% and prices are up 4% (never ever went down). Further Montreal sales are up 7% and prices are up 6%, Toronto sales are up 16% and listings are about even with last year. Surprisingly Calgary sales are up 4% and lists are down 12%. As well Edmonton had its best month in the last 8. That leaves Vancouver. Vancouver sales are down 6.5%, listings for single-family homes are marginally higher (still 50% higher in condos) but anecdotally there are many lights at the end of our tunnels. The absolute bottom is hard to predict, but it will come…