RE:Deflationary Pressure I've watched a number of videos on how Canadian real estate is going to skyrocket in the spring. These people are so delusional that they must think this time is different. Historically speaking, when the Fed lowers rates, it means a recession is just around the corner and that the unemployment begins to skyrocket thereafter. There will be no pent up demand in the spring when people are no longer confident about holding on to their jobs. My prediction is that home prices will continue to decline as the recession deepens and the unemployment goes much higher.
Last time I checked the yield curve is still inverted and that's a very ominous sign.