We’re OK with admitting we were wrong, no-one predicted 0.25% interest rates, 35 year amortizations, and 5% down.

We don’t need to predict increased rates, 30 year amortizations, 10% down and higher taxes – its written on the wall.

What you need to do now is predict what those will do to the market:
- We know that lower rates, longer amortizations, and lower downpayments caused the market to go up.
- What will higher rates, shorter amortizations, higher downpayments, and increased taxes cause the market to do?

Don’t think your Realtor doesn’t know the answer either. There’s a reason real estate associations are criticizing Flaherty’s move to shorten amortizations and/or increase downpayments. The same criticism has been heard of the pending HST.

It may not be over yet – yet it will end.

Frank being the forgiving admistrator that I am I’m sure you meant to say ‘whiner’. Your depth of knowledge must extend beyond invective directed at another commenter on this blog? If that is lacking, read the about page – you may want to find another bowl of corn flakes!

Haha – go for it bull.

re: Averages – Agreed! But it’s what makes it exciting if not a bit misleading.

My Mom : I think this is the mother of another as yet unknown brother.

Averages skew things. December was a slow month. Start of the slump.

Its over.

Great site by the way. Love that your Mom posts here too!:)