[Sylvanfan]

I notice that mortgage rates are a touch higher right now. In Edmonton and area house prices decreased for the first time in a long time in June. Lots of people trying to sell, higher rates, and fewer qualified buyers. But in the end I don't think it will cause a "crash", more like a correction. If you think house prices will go back to what they were 2 years ago I think you'll wait a long time. Things like unlimited CMHC mortgages and 40 year mortgages have a much more profound effect than interest rates. But I could see them moving back 4-5% over the course of the year. Right now the loonie is valued too high for an export based economy that never has been close to operating at peak efficiency.