So many real estate bears on CBC.CA...
http://www.cbc.ca/news/business/canada- ... -1.2835066
Those quotes, no joke are one right after the other. So....real estate bear, can you find me the equivalent of a real estate bull? 10 quotes side by side?
Here are the comments in the comments section:
Those quotes, no joke are one right after the other. So....real estate bear, can you find me the equivalent of a real estate bull? 10 quotes side by side?
Here are the comments in the comments section:
30 years ago, my house cost me 6 times my annual salary. To buy my house today, it would cost my son 15.5 times his salary. We work in the same field. So much for social progress in Canada.
She will crash in about two years. Not crazily like it did in the States, but we will see a noticeable difference. If you want to sell and downsize, I would do it sooner rather than later to avoid losing a ton of cash. Even after it falls, I really hope the boomers don't expect our generation to buy your big fancy houses...it's just not in the cards for us.
..thanks to foreign investment, money laundering etc.
I'm happy that my house is priced nowhere close to the "average" - when the bubble bursts, and that's inevitable, the value of my home will not drop as much as those in TO, VCR, etc. How can anyone afford to buy a single-family dwelling in Toronto I'll never know.
Disgusting. Prices are being overinflated. Out of control foreign investment is pricing Canadians out of owning their own homes. Our politicians are not selling our goods, they are selling us out.
I have an idea.
Take out a mortgage
equal to the value of your house
and live it up.
When the bubble bursts
you have the cash
Bubble, racket or both? Boom-bust scam at work.
In some cities owning a house is a distant dream for young Canadian families.