We're in agreement with crashcow's analysis.

Just about every silver analyst/commentator imaginable has come out and said that the pullback is a great buying opportunity.

Sample: 'Silver will hit new highs in just weeks'(James Turk).

There is a possibility they're right BUT we think there is a far higher probability that they're not. Silver will likely go to the teens before it (later) goes to new highs.

This is the beginning of the deflationary wave we've been anticipating. Risk assets are selling off. Stocks, commodities, loonie will all take a hit; USD will rally. Vancouver RE may, finally, actually go along for the downside ride.

Most oil analysts also seem to be seeing the pullback in crude as temporary and a buying opportunity…. (= lower prices!)

No integrity – See the article below. CREA essentially noted prices in Vancouver went up and revised their forecasts upwards. Of course, they have to stay high despite any lack of connection to valuation levels. No integrity.

The Canadian Real Estate Association has gone back to the drawing board again, saying the number of multimillion-dollar Vancouver deals have “surged unexpectedly” as it raised its forecast for the year.

The national trade association said the average national resale price will gain four per cent by the end of the year because of high prices in Vancouver. In its last forecast – made in early February – CREA said the price would advance 1.3 per cent.

http://www.theglobeandmail.com/report-on-business…

@vreaa: Oil analysts bullish on spot oil prices are praying demand picks up soon because supply is coming online fast.

@real_professional: Does Vancouver's dominance of the national house price index remind you of when Nortel made 40% of the TSE index in 2000?

@Jesse

indeed! Vancouver is Canada's next Nortel

@real_professional: CREA has always, always simply extrapolated recent past and presented as 'prediction'. Laughable.

Landlord Mentality – "I expect my tenants to subsidize my speculative bet on Vancouver RE prices"

http://wp.me/pcq1o-2fj

@vreaa:

Wow, those comments are hilarious. Here's a tip for you bitching landlords. Don't buy if you can't make the numbers work! Or double the rent if it's not covering your expenses, oh wait, you can't because the free market won't rent the place at that price. So maybe it's your stupidity for buying an over inflated asset. Morons.

@vreaa

All you self entitled, over leveraged landlords, sit down so your ladies can see what a real man is supposed to look like.

Here is a word of advice to landlords who don't like the tenants that are paying you to live in your bank's property… don't rent it out! Be a real man and make your mortgage payments without the need of a "mortgage helper".

You landlord sweat hogs have to understand that when you rent your space for money it is a business, and businesses have costs that the business owner must incur to keep the business going. If you whine about nail holes in the wall or a clogged drain, you should be slapped because that is the cost of doing business.

Hit the music!

Cut the music!

Next time my landlord comes around complaining, I'm just going to suplex his sorry butt through the floor of his bank's shoddy wood frame constructed condo.

Hit the Music!

@Flip Flop: I would email to the address located here, or register for an account on the site and send a private message in the forum.