Comments on: CREA Now Expects Real Estate Prices and Sales To Fall Across Canada In 2018 https://betterdwelling.com/crea-now-expects-real-estate-prices-and-sales-to-fall-across-canada-in-2018/ Canada’s Fastest Growing Real Estate News Source Sun, 18 Mar 2018 07:14:25 +0000 hourly 1 By: Dman https://betterdwelling.com/crea-now-expects-real-estate-prices-and-sales-to-fall-across-canada-in-2018/#comment-11285 Sun, 18 Mar 2018 07:14:25 +0000 https://betterdwelling.com/?p=8485#comment-11285 This is a joke. It’s impossible to predict the market like this.

]]> By: Bluetheimpala https://betterdwelling.com/crea-now-expects-real-estate-prices-and-sales-to-fall-across-canada-in-2018/#comment-11274 Sat, 17 Mar 2018 14:45:28 +0000 https://betterdwelling.com/?p=8485#comment-11274 In reply to SAL.

Just met a money manager at TD… He sold last year in anticipation of a significant correction. Interesting how a lot of the rats have jumped ship… How many years Creator execs did the same? Pigs and possums. Tick tock

]]> By: Contrarian https://betterdwelling.com/crea-now-expects-real-estate-prices-and-sales-to-fall-across-canada-in-2018/#comment-11267 Sat, 17 Mar 2018 10:40:02 +0000 https://betterdwelling.com/?p=8485#comment-11267 In reply to Grizzly Gus.

Each time I bought I had a smaller mortgage and haven’t had one for more than 25 years. If the real estate market crashes, I am not worried about the loss of “profit” and I am still living in my house getting value from it and where I live. There’s a big difference between people like me who buy a house to live and raise a family in it and those who buy short term to profit from flipping property. Also, money launderers who buy property aren’t worried about equity loss because they are willing to sustain that as a cost. Foreign buyers are also not worried because their money is invested in a safer place for it than where they live and some think of it as a potential haven they could live in if necessary.

]]> By: Contrarian https://betterdwelling.com/crea-now-expects-real-estate-prices-and-sales-to-fall-across-canada-in-2018/#comment-11266 Sat, 17 Mar 2018 10:15:53 +0000 https://betterdwelling.com/?p=8485#comment-11266 In reply to Willy.

Calgary and Edmonton are not like downtown Toronto, they are in Alberta which has a less diversified economy than Ontario which caused a big exodus of renters employed in the oil industry and related businesses. Downtown Toronto has a serious rental accomodation shortage.

]]> By: SAL https://betterdwelling.com/crea-now-expects-real-estate-prices-and-sales-to-fall-across-canada-in-2018/#comment-11263 Sat, 17 Mar 2018 07:00:55 +0000 https://betterdwelling.com/?p=8485#comment-11263 Rightly everyone talks about property prices in Vancouver and Toronto, the discussion has always focused on real estate prices out of control for years. Many people think that they will never stop climbing or if they stop only for a short time but then they start to grow again. Last August a financial advisor from CIBC called me and he tried sale me Canadian Bonds. I said no because I told him I think the rates are going up so the bond will go down…….I was right !!! The funny things was when I said to him that I want to invest in real estate because my property worth 600000 thousands dollars and I think by the next year will be at least 800000 and probably 3 milion in 10 years. He did not realize I was teasing him and kept the discussion with me saying he was agree with me. Well I do not think he believed so but gave me an idea who was in front of me to discuss how to invest my money !! Unfortunately average people did not connect the real estate price with the price of food, education, healt care, hydro, I mean how inevitably the real estate price inflation let rise the life cost. Also the people does not understand the bubble till the bubble blow up and unfortunately the only question difficult to answer is when the bubble blow up !!

]]> By: George https://betterdwelling.com/crea-now-expects-real-estate-prices-and-sales-to-fall-across-canada-in-2018/#comment-11255 Sat, 17 Mar 2018 02:00:21 +0000 https://betterdwelling.com/?p=8485#comment-11255 In reply to Jimmy.

CREA doesn’t forecast prices for local housing markets.

]]> By: Schmoltz https://betterdwelling.com/crea-now-expects-real-estate-prices-and-sales-to-fall-across-canada-in-2018/#comment-11253 Sat, 17 Mar 2018 01:23:18 +0000 https://betterdwelling.com/?p=8485#comment-11253 In reply to Condox.

It would be nice if a realtor could be part accountant, part lawyer, part engineer, part economist, part marketer and part etc.. but that is not realistic. The truth of the matter is a realtor is a salesperson. The question is are they pitch and pressure salesperson or solution and value, salesperson. Not all realtors are evil. Some actually help people through the process

When people want to change their living space its because they are dissatisfied or they need to move because of financial stress. People change homes in all market conditions. A good realtor would make their clients have a good understanding of market conditions, and operate from there. if people only bought and sold when everything is perfect is fantasy. What is perfect for one person, is not the same for the next person.

]]> By: Grizzly Gus https://betterdwelling.com/crea-now-expects-real-estate-prices-and-sales-to-fall-across-canada-in-2018/#comment-11252 Sat, 17 Mar 2018 00:29:20 +0000 https://betterdwelling.com/?p=8485#comment-11252 In reply to Contrarian.

On a side note. We are the contrarians.

]]> By: Joseph https://betterdwelling.com/crea-now-expects-real-estate-prices-and-sales-to-fall-across-canada-in-2018/#comment-11251 Fri, 16 Mar 2018 21:49:15 +0000 https://betterdwelling.com/?p=8485#comment-11251 Real estate associations have always been a joke when it comes to forcasting.

I have always thought that when it becomes common knowledge that real estate prices will not increase (not go down) the premium paid for future appreciation will evaporate immediately. Maybe this is the first step.

]]> By: carlton https://betterdwelling.com/crea-now-expects-real-estate-prices-and-sales-to-fall-across-canada-in-2018/#comment-11248 Fri, 16 Mar 2018 20:24:07 +0000 https://betterdwelling.com/?p=8485#comment-11248 In reply to Bluetheimpala.

Mmr, why do you come here everyday to say the same shit? where is the proof?

Who are you trying to convince? Give up! The entire world knows Canada is in trouble. Do you think telling everyone to stop fear mongering will change anything?

If your so confident, put your money where your mouth is, Go buy!
If you feel now is not the right time, then your in agreement with us. Please give us a break or at least provide some evidence that everything will be just fine….. if not bugger off already….

I bet I can tell you the part of the article you liked the best:

“CREA feels Ontario will only need a 1.5% correction before moving forward again” LOL

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