What does the BP community think about the Canadian RE Market?

[Paul Gill]

The General Canadian Real estate market has been going strong for 20 + years without any major pullbacks. I am curious to find out when does the BP community think the prices will start to go decrease in Canada ?

[Matt Geerts]

Call me an amateur, but unless you're investing in a single Canada-wide REIT, there is no such thing as "The Canadian Market". This street is up, that street is down, the other street has been stagnant, the east end of this town is booming, the west end of that town is shutting down.

Is beef farming land in Alberta 500km from the nearest oil well going down this month? Toronto is exploding, but Peterborough is under your wing before you even reach altitude on a flight to Montreal and it isn't doing anything crazy. Cross the river from Vancouver and prices look like any other town.

Maybe cliches are for the uninitiated, but "All Real Estate is Local".