“I was a very senior employee at CMHC. Vancouver is a bubble waiting to really pop, view and beach notwithstanding.”

If we take this source as credible, this is an important opinion. Up to each reader to decide for themselves. -vreaa

John at businessweek.com 26 Jun 2010 8:05 pm -

“I was a very senior employee at CMHC (Canada”s Housing agency for those not Canadian), far more senior than Cameron Muir who was a local housing analyst. I constantly interacted with some of the top economists in the world. I worked in banking at a senior level and did a ton of mortgages. Have a masters in finance and international economics. As it stands we are a ponzi scheme locally. I also grewup in Vancouver. Cameron Muir is committing resume fraud in my opinion, a BA does not qualify one to be called an Economist by any stretch. As for all the real estate agents with a half baked grasp of investments and what is going on globally, frankly they are just salesmen who would sell to anyone. PS: Also worked investment banking and have seen some pretty nasty real estate deals go south. Vancouver is a bubble waiting to really pop, view and beach notwithstanding. Plus it rains most of the time, summer is one month!”

7 Responses to “I was a very senior employee at CMHC. Vancouver is a bubble waiting to really pop, view and beach notwithstanding.”

  1. I’ll write the one off as BS, but who knows.

    Seems to me that someone who grew up in Vancouver would know that summer is 1.5 months, not just 1. :)

  2. more senior than Cameron? but yet you have to post about it on a message board. why don’t that person go on TV and state his opinion? oh yeah, probably another fictional character made up by the bears.

  3. I’ll call myself an economist and I don’t even have a BA. So there.

  4. I’m current the head of a central bank for a very prominent country. I have nothing better to do with my day than post on the internet.

  5. Based on the poor grammar and style, I’d say this guy is about 15 and spends most of his time on the Internet.

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