When the fed tried to tighten the money supply in 2005-2006 all the good folks with ARM's suffered,on top of that were the hits from storms in 2004 and 2005 causing home insurance to spike in the gulf states.On top of that increased fuel prices.The soaring price of oil was a big factor that took time to effect economic growth.It was a perfect storm.This is different,oil is down which will spur spending and allow people to improve their credit by paying down debt,it also helps with job creation.ARM's are being replaced by fixed loans and insurance rates are starting to stabilize and even drop.Banks are tighter with lending standards and irresponsible borrowing is not as easy to do.There will be a slow down because the fed is trying to wean us off the easy money sugar rush,but they can't because it will make the dollar to strong against world currencies and that will cause a slow down in the rest of the world which will feed back to the U.S.If the fed jacks up rates then we will probably be looking at another prolonged downturn.I would hope that they see that but they missed it in 2006 and they are still expecting a bubble but the liquidity is only flowing to the top 10% creating a billionaire bubble.

I see two risks - currency and appreciation.

Bps is the currency you pay for a lower rate, or the currency paid to you to take a higher rate.)

I hope to be purchasing properties in the US anytime soon because the currency in Mexico is hurting right now am unable to do foreign exchange but with the course of time will be a new chapter unfolding. 

We also have some great currency brokers if you end up buying in Kelowna.

Checking out Windsor Ontario now for future rental property investments.Would like to buy in Florida, but the currency is not an option, to make an investment which will immediately see a 30-40% loss, due to dollar exchange - makes investing in the USA not an option right now.

Plumbers charging 300%, construction labor shortages, multiple offers, lots of interest in real estate, and lots of people attending Reaps/Reia events.However, there is a major glaring exception to this 18-year cycle trend and that is global currency crisis.

And in 4+ years that was last week when I broke something on an extremely complicated multi-currency situation Unlike the cluster that is QBO.

Rogers world elite MC. 1.75% cash back on everything made in CAD. 4% for purchases in foreign currency.

Good PM's will charge to do this inspection, pay them, it will be worth it.Oh and never say "oral offer" ever again, folks may get confused about what type of currency you are using.