Despite our hand-wringing and angst over our $ 1 Trillion mortgage debt and super-pumped housing, despite our own Central Banker telling us we are in for hard time, the world doesn't care.
We are oil and wheat and uranium and that's what the Chinese want - along with Westside houses :)
And so our Loonie gets bid up, and rates cannot rise anymore or it will blast up even more, and destroy what's left of our manufacturing out East. Well, as long as Alberta is happy - that's all that matters.
Meanwhile the US fed, which makes Carney look positively responsible, has decided to let the government issue bonds and then buy them up- otherwise known as a ponzi scheme- which is why gold is soaring. Greenspan and Bernanke have together managed to distort financial markets and the economy for 30 years.
How do these relate to housing- this is the 'and then some'. Everything relates to housing, from the price of commodities to a boom in a country of one billion souls the other side of the world.