I think the stock market is going to stagnate for a long time, but what do I know? P/E's have been too high for too long. The market is clearly cyclical and stocks are out, real estate is in, but it may be too late already to make profits. I expect our markets to mimic the Japanese markets for about 10 years. But, like they say, ya never know.
The immigration boom is putting incredible pressure on the property markets.