Economy 52,834 Posted July 18, 2017 Share Posted July 18, 2017 https://www.google.ca/amp/s/www.theglobeandmail.com/real-estate/the-market/housing-sales-fall-in-most-markets-across-canada/article35706463/%3Fservice%3Damp Sales volume are dropping like a stone last 2 months and prices Nationally have begun falling. In Toronto home prices fell nearly 6% last month alone, an irony consodering late spring is usually peak demand Buyers are waiting on the sidelines as sellers are rushing to try to get the top of the market and available listings are surging. A few months ago homes got bidding wars on day 1. Now homes are going unsold for weeks! To add to the concern, The Central Bank announced the first rate hike in 8 years last week! Link to post Share on other sites More sharing options...
Economy 52,834 Posted July 18, 2017 Author Share Posted July 18, 2017 @VANTABLACK @juicyjuicy @Luc @Woolfsmck Sh*t But i was thinking of buying a condo next year Link to post Share on other sites More sharing options...
Delusional Aura 5,129 Posted July 18, 2017 Share Posted July 18, 2017 I guess this is good for rich people who have money to buy these homes Link to post Share on other sites More sharing options...
Economy 52,834 Posted July 18, 2017 Author Share Posted July 18, 2017 4 hours ago, Delusional Aura said: I guess this is good for rich people who have money to buy these homes Good? Cuz their speculative assets are starting to fall? Lol Link to post Share on other sites More sharing options...
Delusional Aura 5,129 Posted July 18, 2017 Share Posted July 18, 2017 14 minutes ago, Economy said: Good? Cuz their speculative assets are starting to fall? Lol Oh sh!t Link to post Share on other sites More sharing options...
He8MyHeart 9,869 Posted July 18, 2017 Share Posted July 18, 2017 Omg. Looks like I need to head back to Canada! The Sydney property market is the complete opposite. Link to post Share on other sites More sharing options...
Luc 4,776 Posted July 18, 2017 Share Posted July 18, 2017 Exciting! How are the banks doing? Any chance that a crash in Canada could affect the rest of the world? Maybe if the rest of the world keeps doing well and other sectors in Canada pull through you'll survive this without a great crisis with bank bankruptcies. Link to post Share on other sites More sharing options...
SISTERV 3,887 Posted July 18, 2017 Share Posted July 18, 2017 THIS IS WHAT HAPPENS when you put crazy SJW's in power. Smh. When are people going to understand that voting too far left or too far right never works. FIND MEDIUMS. Link to post Share on other sites More sharing options...
Guest Posted July 18, 2017 Share Posted July 18, 2017 When do you think the U.S. will have a housing market crash? I think I wanna buy a house when that happens Link to post Share on other sites More sharing options...
Radio Ga Ga 5,671 Posted July 18, 2017 Share Posted July 18, 2017 Sh*T, my parents have a condo in Toronto... Link to post Share on other sites More sharing options...
LittleLion 161 Posted July 18, 2017 Share Posted July 18, 2017 Does this means is cheaper or more expensive to buy a house in Canada? Link to post Share on other sites More sharing options...
Economy 52,834 Posted July 18, 2017 Author Share Posted July 18, 2017 1 hour ago, He8MyHeart said: Omg. Looks like I need to head back to Canada! The Sydney property market is the complete opposite. Its gonna take a real crash to be affordable tbh Old townshouses in Toronto are selling for $1.5M to $2M for example $800,000 to $1,000,000 in suburbs 👀 Link to post Share on other sites More sharing options...
juicyjuicy 2,005 Posted July 21, 2017 Share Posted July 21, 2017 On 7/18/2017 at 0:59 PM, Economy said: @VANTABLACK @juicyjuicy @Luc @Woolfsmck Sh*t But i was thinking of buying a condo next year How are condos doing? Will they generally stay around the same $? Link to post Share on other sites More sharing options...
Economy 52,834 Posted July 21, 2017 Author Share Posted July 21, 2017 2 hours ago, juicyjuicy said: How are condos doing? Will they generally stay around the same $? I would assume if theres a downturn condos could fall more than houses since construction was bigger on condos and more supply of condos than houses were added At least in Toronto... for Canada as a whole i dunno which will do worst houses or condos Link to post Share on other sites More sharing options...
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