Says Chris Kimble Sept 28, 2018:
Notice on my chart of August 2018 below, the July 2007 TSX Real Estate Index tested its highs yet on the ground in the physical world, the price momentum of Calgary Single Family Detached Prices plummeted, while Vancouver SFD prices coiled their way towards the eventual lows and while Toronto's SFD prices made their eventual way towards their 2008 lows to be followed by Vancouver and Calgary into their 2009 lows. Is it different this time? Stay tuned.
Hilliard MacBeth "When the Bubble Bursts"
History, Charts & Curated Readings
"Progress, far from consisting in change, depends on retentiveness. When change is absolute there remains no being to improve and no direction is set for possible improvement; and when experience is not retained, as among savages, infancy is perpetual. Those who cannot remember the past are condemned to repeat it." George Santayana Vol. I, Reason in Common Sense
"History, real solemn history, I cannot be interested in.... I read it a little as a duty; but it tells me nothing that does not either vex or weary me. The quarrels of popes and kings, with wars and pestilences in every page; the men all so good for nothing, and hardly any women at all - it is very tiresome." Jane Austen spoken by Catherine Morland in 'Northanger Abbey'