"Mr. Pinsonneault( National Bank) said the ratio has now climbed back to its long-term average level of 2.5 per cent.....which suggests the market is in balance in the region, limiting the risk of a significant further price correction."
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Are you fore real? What you are saying makes absolutely no sense! Find some other stat to warp to try and pump up the RE market. I guess your flawed Tetranet-NB Index is not enough!

Pretty sure you did this interview by the phone, it would be impossible not to turn red or laugh out loud as you present your ridiculous "analysis".