http://www.theglobeandmail.com/globe-investor/easy-credit-soaring-prices-raise-new-housing-fears/article1346308/

Something promising out of that article:

“And even though he dismissed the idea of an imminent bubble, Mr. Carney still encouraged discussion of the subject. The reason: The more people talk about bubbles, the less chance they form. A key ingredient in the U.S. subprime mortgage crisis was the lack of attention that was being paid to the problem as it brewed.”

Stealing another blogger’s name: a watched bubble never pops.

As much as I hope for a downturn, a long flattening out of prices is probably best.

Cheers,
Chris