@ronmortgageguy And that mean reversion in housing is 2-4x income that the banks and lenders have loaned out at for decades (or big down payments). We are still around 8x in the GTA. Lots of room to fall, I'm afraid. Point to note; bubbles usually surpass that trend level for a period. Few.
@FP_Champagne Projections aren't reality. Your boss is an economist, and one year later, look at the facts of where Canada still stands. Bottom of the G7