RE:RE:RE:RE:RE:The opposite!Titan
You realize for most of the past 20 years AC was in the teens. They hit $50 in the biggest boom in history. Since then they have lost so much money actual book value is negative like $12 or something. They need to make up billions in losses before they ever hit $50 Again. Possible given their Duopoly but unlikely given entry of low cost carriers and likely recession.
GTA alone house prices are down about $250 and that will likely double by April. Similarly, for Hamilton/Burlington and other hot market. Note Hamilton Builington is already down 250K from Peak. Some will not be travelling when they cannot pay their mortgage. Remember their is a 12-18 month lag time until the sht hits the fan with mortgages. In Canada it will happen sooner as we did not have a 2008 housing crash and 1 in 5 mortgages in Canada are variable rate unheard of in the rest of the world.
So things are going to get uglier before they get better!