[Phanuthier]

Yeah I think there is a little conflict of interest here, for a Realtor to say that real estate won't kill the market.

Not saying it will either, but I don't see anyone denying the stats... I don't follow Canadian RE or interest rates, but thats a lot of debt compared to the GDP, if you treat that like any other investment, you would say that entity has a lot of debt and you would be cautious.

It can crash (go off a cliff), it can stagnant and fix itself, it could keep riding the bubble.... anyone's guess. If you could predict the future, you would do very very well in your life.

It may not be RE alone, the obvious drop in oil (and commodities in general) mixed with RE could be a huge problem if GDP drops, and obviously Canada is overleveraged with commodities... there are a lot of world wide problems as well, that accumulated with any number of things builds the whole economy on a house of cards.

I personally think we are in a dot com 2.0 bubble right now (i.e. too many pie in the sky companies, with billion dollar valuations and aren't making money) that can crash the market too... I kind of wish Claeren was still around to get his take.