Canadian RE astronomical prices sign of what's to come in US?

[Tim Cassels]

Hey BP- I was reading a Bloomberg article about the Canadian housing boom (link below) and how the boom is getting pretty incredible in length and magnitude. The article made the observation that everyone has an interest in keeping it going - homeowners, investors, government/regulators. 

**Do you think this perpetual unaffordable environment has started developing in the US?** Love to know you thoughts on it! I personally think we're slowly heading in this direction with the softer monetary policy and home building headwinds on the horizon.

Links: Bloomberg: https://www.bloomberg.com/news... ,  CA affordability (46% $$ spent on housing) https://www.lorettaphinney.com..., US(37% spent) https://www.businessinsider.co...