Whispers from the Edge of the Rainforest

Meet Larry and Adam Rachlin.
They're mortgage brokers in Ontario, and our newest poster children for the Canadian Housing Bubble.
Larry has Bachelor of Arts degree in Political Science & Speech Communication (honours) and is a 27 year veteran in mortgage financing and brokerage. He has an even longer tenure in the financial services industry including secured and unsecured...

Meet Brad Lamb. Faithful readers will recognize Lamb as Toronto's version of the Rainforest's Bob Rennie - aka 'the Condo King' of their respective cities.
If you haven't been keeping up, the centre of the universe has been awash in Lotusland Asian money overflow since the imposition of Krusty's 15% foreign buyers tax last September. Panic buying has gripped Toronto and suddenly there are calls from all...

Well another day and it seems another senior mainstream finance wizard is shouting out warnings of impending doom in the overblown real estate market in our country.
Did all the bear bloggers somehow get outed as bank economists this month?
The latest is Scotiabank CEO Brian Porter who says the Toronto and Vancouver housing markets will have to correct at some point....

As you will recall, in our last post we shared with you the above meme which we found in our in-box.
While it strikes a chord with your faithful scribes here at the Rainforest Roundtable, we do note a slight error in it.  The census data show 26K vacant housing units in Vancouver, not 26% of all housing....