TODAY Feb 17.17

The Friday Rant: Even A Broken Clock Is Right Twice A Day

When I was taking my real estate courses in 2003, an older, wiser friend of mine said, "You're picking a baaaaaaad time to get into the business, buddy!  The market is about to crash!  What are you gonna do when prices drop fifty percent?"

The average Toronto home price is up 148% since then.

I've heard nothing but talk about the collapse, and the bubble, since then, and prices have done nothing but go up.

On Wednesday, BMO's chief economists said that we're "in a bubble," and like many before him he may very well prove to be wrong.

Let's look at his comments, and examine whether or not his economic fundamentals are still applicable in 2017...



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