Steve Saretsky

Okay, so basically the Q&A at the end of the night with myself and Ron Butler and Dan Foch and all those guys.

Ron put the question out there.

He says, okay, everybody, like, you have to pick a bottom.

Like, pick your date.

uh, everybody gets one date and we're all going to be wrong.

And so, yes, my date was specifically for Vancouver was 12 months from now.

So June, uh, and I said, put an asterisk next to that because just because you reach a bottom doesn't mean that prices immediately start going higher, which is to say that you're likely in for a period of stagnation or the very minimum underperformance, um, as the market has clearly outperformed over the last 20 years.

Um,

And I think that's evidenced by these detached house prices in Vancouver's West Side, you know, premier neighborhoods.

Those prices haven't moved in 10, 11, 12 years.

And so, you know, again, your condo in Surrey or Abbotsford is probably going to be pretty stagnant for a while.

Dan said November 18th, 2027.

I think they were both saying basically like end of 27 sometime early in 28, I believe.

Could be wrong.

But it goes to the – Yeah.

I would side with you too.

Obviously, listen, fixed mortgage rates today are call it 4%.

If you have the yield curve blowing out and governments lose control of –

the bond market and mortgage rates push up to six, seven, 8%.

Of course, like you have to immediately shift your viewpoint on housing.