Comments on: US Existing-Home Sales Fall For A Fourth Month As Supply Rises To 7-Month High

By: Pete

Pete — Wed, 23 Jun 2021 03:16:00 +0000

In reply to Smith. There is no land in Canada

By: Mica

Mica — Wed, 23 Jun 2021 01:15:28 +0000

In reply to Smith. lol. Except new home sales are falling in Canada, so there's that.

By: Smith

Smith — Tue, 22 Jun 2021 20:07:48 +0000

This will never happen in Canada because supply very limited.

By: Christopher Barclay

Christopher Barclay — Tue, 22 Jun 2021 19:03:25 +0000

In reply to Pete.

The last point is probably the most important. Markets become inefficient. Canada would rather it consume more of other industries than let it correct.

Just stop eating out once a week. Who cares about the restaurants? Now stop going to the movies. Who cares about the theatres? Now stop shopping for so much clothes. Who cares about clothes?

The country won’t be happy until people devote 100% of their income to a mortgage.

By: Michael Wright

Michael Wright — Tue, 22 Jun 2021 19:01:00 +0000

Looking for a home right now, and it’s funny to hear Americans complain about prices. I’m from Canada, and I don’t even think you can get a house in Nunavut for as cheap as you can in most US cities.

By: Pete

Pete — Tue, 22 Jun 2021 19:00:43 +0000

US has healthy re market because of so so many reasons:1. sale tax even on matrimonial homes 2. higher property taxes. Makes speculation less attractive 3. very strict rules after 2009 on any type of loans ( much stricter then in Canada now) 4. 25% rule , meaning you can spend only 25% from your total income on your mortgage 5. also every 10-15 years they let market crash if its blown out of proportion to your income.

By: Don

Don — Tue, 22 Jun 2021 18:55:22 +0000

Flattening of prices. People moved for deals, now most of them are gone. Might as well stay where you’re located, and wait for things to shake out.