Rich Diaz

So outside of COVID and the global financial crisis, you'd have to go all the way back to the 1990s for the last time was at these levels.

So national house prices move lower again, only 1% month over month, 0.1% month over month.

So Keith, we might be reaching a bottom here.

Oh my goodness.

That's the second time now you've said this.

yeah sure i mean the only place that seems to be going up right now is red deer alberta what about montreal i thought montreal was doing montreal started montreal starting to roll over once the playoffs once the playoffs are over anyway no anyway i just once my nimby guys once my nimby is completed here prices are going to roll over too he's ruining the neighborhood

Yeah, but, yeah, Rich, to your point, I mean, obviously, like, housing is always, like, hyper-local, and that's just the reality.

There's always going to be some aberrations and different –

areas but yeah like national house prices as a whole they've been falling for 15 straight months uh they peaked in march of 2022 they're down 20 percent from the peak sharpest correction since i think going back to the late 80s early 90s so it's uh it's pretty pretty unprecedented and obviously um to keith's point i think the one thing that could derail a recovery from

Or prolong the downturn here is obviously what's happening in the bond market, which I know we talked about last week.

But even looking at it this week, what I mean, they continue to push higher.

I think the US 30 year was the highest since 07.

you want to walk us through that?

Like, obviously I've been, I've been tracking like the, the Canada five-year bond yield.

Yeah, maybe walk us through.

So we had Canada CPI last week.

I think the overall headline CPI.

Yeah, it came out.

End of last week or early this week?

I can't remember now.