Comments on: Canadian Real Estate Now In The Deepest Correction Since The 90s, Prices Back To Mid-2021 https://betterdwelling.com/canadian-real-estate-now-in-the-deepest-correction-since-the-90s-prices-back-to-mid-2021/ Canada’s Fastest Growing Real Estate News Source Sun, 19 Feb 2023 22:51:21 +0000 hourly 1 By: Gordon Moulden https://betterdwelling.com/canadian-real-estate-now-in-the-deepest-correction-since-the-90s-prices-back-to-mid-2021/#comment-89074 Sun, 19 Feb 2023 22:51:21 +0000 https://betterdwelling.com/?p=22956#comment-89074 The upcoming influx of over 1,000,000 immigrants over the next three years is going to prevent the forecast stagnation as demand for housing continues to grow triggering a new round of price increases until housing construction outweighs demand.

]]> By: Montgomery Burns https://betterdwelling.com/canadian-real-estate-now-in-the-deepest-correction-since-the-90s-prices-back-to-mid-2021/#comment-89038 Sat, 18 Feb 2023 22:03:17 +0000 https://betterdwelling.com/?p=22956#comment-89038 In reply to Rick Abrams.

To you fellow Canadian that planned and owns rentals and shares in those mortgage companies. Thank you fellow Canadian đŸ™‚

]]> By: Bloem https://betterdwelling.com/canadian-real-estate-now-in-the-deepest-correction-since-the-90s-prices-back-to-mid-2021/#comment-89029 Sat, 18 Feb 2023 13:22:48 +0000 https://betterdwelling.com/?p=22956#comment-89029 Yes every time you see a forecast in Canadian press its says prices and sales will bounce back later this year. Not s single reason given other than the usual shortage narrative. Now if you look at the ’80’s crash, how long exactly did that crash take to recover? Why is this time different?

]]> By: SH https://betterdwelling.com/canadian-real-estate-now-in-the-deepest-correction-since-the-90s-prices-back-to-mid-2021/#comment-89000 Thu, 16 Feb 2023 19:42:59 +0000 https://betterdwelling.com/?p=22956#comment-89000 “Back to 2021 prices”. LOL. We need to go back to 2005.

]]> By: A. https://betterdwelling.com/canadian-real-estate-now-in-the-deepest-correction-since-the-90s-prices-back-to-mid-2021/#comment-88992 Thu, 16 Feb 2023 14:13:10 +0000 https://betterdwelling.com/?p=22956#comment-88992 In what city? Prices are still what they were near the peak, some asking even more. Maybe 100k less for a handful but that’s when they are already asking 1.8m for 2000sq ft. The real estate doom porn continues as does the ridiculous housing industry in this country

]]> By: Kim https://betterdwelling.com/canadian-real-estate-now-in-the-deepest-correction-since-the-90s-prices-back-to-mid-2021/#comment-88982 Wed, 15 Feb 2023 22:59:49 +0000 https://betterdwelling.com/?p=22956#comment-88982 We have seen price corrections much worse than this in the past.
In the early 80’s from $140 to $80
In the early 90’s from $450 to $300k. The prices have only started to roll back in this early stage of a bust.

]]> By: André https://betterdwelling.com/canadian-real-estate-now-in-the-deepest-correction-since-the-90s-prices-back-to-mid-2021/#comment-88980 Wed, 15 Feb 2023 20:59:11 +0000 https://betterdwelling.com/?p=22956#comment-88980 When you look at the bubble chart, we should be in the denial phase right now. Might be a small up, then a bigger crash.

]]> By: Lahdeedah https://betterdwelling.com/canadian-real-estate-now-in-the-deepest-correction-since-the-90s-prices-back-to-mid-2021/#comment-88979 Wed, 15 Feb 2023 20:38:38 +0000 https://betterdwelling.com/?p=22956#comment-88979 So question, you released a recent post stating that interest rates are predicted to be cut in the near future and go back down…won’t that simply re-invigorate price growth in future, and not further the current decline? Wouldn’t now be the best time to swoop in, now that the market is still in shock from the increased interest rate effect, before rates are trimmed?

]]> By: Rick Abrams https://betterdwelling.com/canadian-real-estate-now-in-the-deepest-correction-since-the-90s-prices-back-to-mid-2021/#comment-88976 Wed, 15 Feb 2023 20:14:20 +0000 https://betterdwelling.com/?p=22956#comment-88976 How much Canadian wealth is devoured by excessively high housing prices? Not only do homeowners give up a huge portion of their monthly income to landlords and mortgage companies, all that money is removed from the local economy. Guess where it goes.

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