Vancouver Peak

Full Version: Doug Porter Says:
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Quote:BMO deputy chief economist Doug Porter called Vancouver a "rather obvious exception" to the soft landing that most Canadian cities would see for their real estate markets.

"I don't know that I'd call it a hard landing in Vancouver, but it's definitely a bumpier landing than most cities in Canada are going through right now," Porter said.

- Doug Porter BMO Deputy Chief Economist, Dec 18th 2012 Vancouver Sun

Quote:"To get a crash it's either a run up in interest rates, which we don't see, or caused by another factor like a slide in the economy, maybe, triggered by the fiscal cliff. Then I think housing would be at risk of turning into something nastier if there was another economic event that came and hit the economy now,"

-Doug Porter Dec 14th, 2012 Yahoo Finance