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Ozzie thinks the US Bail out will drive our assets higher.  WHAT IS HE TALKING ABOUT??  Inflation will give a higher nominal price.  That doesn't mean the asset is actually worth more does it? ...(no it doesn't) 

Ooopps, the bail out failed on the latest try?  Look out below, Ozzie!

Expensive upgrades now included, prices down a hundred grand, too much inventory and a correction or two in the offing.

However, Ozzie offers the caveat that huge unreported inflation makes buying a house a good idea at this point.

Oh really Ozzie, do tell...

This video shows that the foreclosure market is increasing in Vancouver, as maxed out homeowners can't unload their houses quickly for top dollar any more.  A discussion of the situation with potentially rising mortgage rates follows.

Ozzie mentions with affordable US resort destinations now competing for Canadian recreational buyers, and the strong Canadian dollar, it's only a matter of time until prices in BC start to come down.  A drop in buyers around the province and an increase in listings makes this inevitable.

Ozzie says Vancouver prices are untenable. Ozzie spins like a weather vane. Ozzie mentions people trying to unload presale assignments on Craigslist. Check here for a sample. Meet Ozzie the Bear, he calls for price drops, but explains it's "not the end of the world". What's next, Rob Chipman sound bites?

These people need to call Patrick Killelea.