There is no specific mention or indication of a large “everyone is underwater” moment coming in the housing market. The presentation mainly focuses on various aspects of the Canadian housing market, the role of CMHC (Canada Mortgage & Housing Corporation), and the potential impact on STBANKX (presumably a bank). It discusses factors such as job growth, income levels, housing rollover, and the overall stability of the Canadian banking system. However, it does not explicitly mention or provide evidence for a looming crisis or a moment where everyone would be underwater in the housing market.
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