Where is the housing market going?
With the elections coming up, trade war still around, where is the housing market looking to go in the next few months? Are house prices going down through the winter or going to go ip after elections etc?
Sep 2nd, 2019 10:52 am
Sep 2nd, 2019 11:30 am
Sep 2nd, 2019 11:37 am
Sep 2nd, 2019 11:40 am
Sep 2nd, 2019 12:13 pm
I not sure if he(or she) even knows.hockeyfan1990 wrote: ↑ Only God knows if it’s going up or down
Sep 2nd, 2019 7:23 pm
Who cares? Unless you are looking for quick big money on short timespan, it does not matter. Buying long term - any time is good once you can afford it.lokko23214 wrote: ↑ With the elections coming up, trade war still around, where is the housing market looking to go in the next few months? Are house prices going down through the winter or going to go ip after elections etc?
Once the pink slips are starting to fly around, everything will be awesome, right?!?!?cartfan123 wrote: ↑ Lower rates, easier credit usually translates into higher prices and eventually lower affordability for those that prefer not to own.
Funny though, that people think a trade war is going to lower the cost of RE.
And back....
Sep 2nd, 2019 7:28 pm
I wonder if you’re one of the people who has been trying to attack me offline. What I know is I’ve pissed off enough people to the point where they wish harm on me and my family. All it took was for me to be bullish about real estate. Go figure.Isostar wrote: ↑ Who cares? Unless you are looking for quick big money on short timespan, it does not matter. Buying long term - any time is good once you can afford it.
Once the pink slips are starting to fly around, everything will be awesome, right?!?!?
And back....
But lets just wait for Jay and Joseph, they can tell us it is going beyond the moon....
Sep 2nd, 2019 7:33 pm
Even a condo that was $199 in Malvern in 2014 now went for $415. So even if things came back to $350, that’s a lot way off from $199.
Sep 2nd, 2019 7:54 pm
I think a lot of homeonwers/investors have so much equity built in that even if prices drop 25%, they're fine. Hell, it allows them to scoop up some deals.cartfan123 wrote: ↑ Even a condo that was $199 in Malvern in 2014 now went for $415. So even if things came back to $350, that’s a lot way off from $199.
So there’s gonna be a lot of anger. Meanwhile waves upon waves of new immigrants coming in a heating up completion for rentals and for buying entry level properties. They never get the wrath of the priced out renters. Just landlords.
Sep 2nd, 2019 8:05 pm
Where? Toronto? Vancouver? Montreal? Ottawa? Pontypool?lokko23214 wrote: ↑With the elections coming up, trade war still around, where is the housing market looking to go in the next few months? Are house prices going down through the winter or going to go ip after elections etc?
Sep 2nd, 2019 10:34 pm
Sep 3rd, 2019 9:45 am
Sep 3rd, 2019 10:06 am
LOL, I have no idea what you are talking about. Maybe contribute with something documented on the subject?!?
Sep 3rd, 2019 11:05 am
Gent's, arguments under aliases are pointless, none of you are placing bets, ultimately there are no winners in any arguments. All it shows is an attempt to attain a sense of individual self-justification.Isostar wrote: ↑ LOL, I have no idea what you are talking about. Maybe contribute with something documented on the subject?!?
P.S. related to your statement, I have no idea who you are in real life and I do not give a crap about it. As long as we are using alias here, all that we can discuss should be ideas. And considering your contribution is more of a bedtime story than documented facts (get inspired by Mazerbean), even these discussion are going beyond what should be expected as good contribution.
Sep 3rd, 2019 11:08 am
I don't think anything is for sure anymore especially given how much real estate appreciated over the past 20 years. It is possible with the high cost of home ownership including 5-digit property taxes that continue to increase by 10% YOY, OWNING homes becomes undesirable and the demand for them drops. Who knows. All I know is whatever the past was may no longer be a predictor of the future. Governments are looking under the couch cushions for cash now and if they can stick us with new taxes they will. Great thing about property taxes for the government is that there is literally no way for the homeowner to avoid them. You can't consume less or spend less. You can only sell to get out.
Sep 4th, 2019 9:53 am
Sep 4th, 2019 10:38 am
Yes, they kept telling us that "Vancouver is the best place IN THE WORLD to live. There is no place better."JosephB012 wrote: ↑ Vancouver, Calgary, and Toronto were all deemed the most livable Canadian cities on the list (Canada was tied with Australia for the most cities on the list)
https://globalnews.ca/news/5852527/calg ... economist/
Sep 4th, 2019 10:48 am
As long as there are foreign investors, it will always be desirable in a city like Toronto. They have so much money to invest. Fix that problem, then you will see a drop. Doesn’t matter how the market goes, there could be dips and if there is, more properties are going to be bought by these type of investors. Locals only option is to rent.choclover wrote: ↑
I don't think anything is for sure anymore especially given how much real estate appreciated over the past 20 years. It is possible with the high cost of home ownership including 5-digit property taxes that continue to increase by 10% YOY, OWNING homes becomes undesirable and the demand for them drops. Who knows. All I know is whatever the past was may no longer be a predictor of the future. Governments are looking under the couch cushions for cash now and if they can stick us with new taxes they will. Great thing about property taxes for the government is that there is literally no way for the homeowner to avoid them. You can't consume less or spend less. You can only sell to get out.
Sep 4th, 2019 10:58 am
Prices will only drop if sellers take less when selling their properties. I agree with that.hockeyfan1990 wrote: ↑ As long as there are foreign investors, it will always be desirable in a city like Toronto. They have so much money to invest. Fix that problem, then you will see a drop. Doesn’t matter how the market goes, there could be dips and if there is, more properties are going to be bought by these type of investors. Locals only option is to rent.
People are delusional if they think housing prices are going to revert back to what it was 10 years ago. And they will keep waiting for that and keep being priced out.
Sep 4th, 2019 12:30 pm
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