Comments on: Canadian Real Estate Prices May See Growth Disappear In Just 3 Months: BMO

By: Agent bob

Agent bob — Mon, 23 May 2022 13:53:33 +0000

Most immigrants will not be able to afford real estate in Canada. At least not the ones that we need in Canada: skilled trades.

By: Rick

Rick — Sun, 22 May 2022 17:11:28 +0000

An Oakville Agent I spoke to yesterday feels prices are dropping now a bit but by June/July the will pick up again because there is a backlog of 400,000 immigrants waiting to get into Canada. Many of them of Asian background and he being Asian himself says they don’t rent, only buy! I hope prices come down but the government seems to be doing everything they can to keep them inflated, eg. Bank of Canada saying they will be cautious not to allow rate hikes to crash housing market, and immigration into the country at high rates when the infrastructure and housing is not there to support it.

By: Eganduyan

Eganduyan — Fri, 20 May 2022 03:15:31 +0000

Correction not “immigrant”, rather say, refugees. In general, we are all classified as immigrants but I myself is not taking advantage of the money. I do pay a lot of taxes and yearly I still have balance owing to settle. Peace….

By: Pete

Pete — Wed, 18 May 2022 15:38:11 +0000

So what? Prices can drop 35% and we’re still at 2020 levels. Guys this thing was a bubble in 2015 already. Blame the BoC for ruining lives keeping population down and bringing in immigrants for instant tax dollars and votes. Simple don’t have kids and marry because it’s so expensive and we’ll bring in the immigrants which is instant cheap labor and tax money. Better than u starting a family 🤫

By: alex

alex — Wed, 18 May 2022 14:19:08 +0000

In reply to Agent bob. This is quite literally just the beginning. The fact that prices have reacted so quickly to rate hikes (the usual lag time is 14-18 months) does not bode well for the stature of the market. We will likely see a 2-3 year long downtrend in prices with a bottom around roughly 50% of what they started at this year.

By: Agent bob

Agent bob — Wed, 18 May 2022 12:30:06 +0000

Prices have already dropped at least 10% in most markets in ontario.
If prices fall another 10% it only wipes out gains from the beginning of this year.
Prices could easily drop by more than 20% .

By: Agent bob

Agent bob — Wed, 18 May 2022 12:28:54 +0000

Prices have already dropped at least 10% in most markets in ontario.
If prices fall another 10% it only wipes out gains from the beginning of this year.
It’s quite possible , as is evident in the 40% drop in Cambridge, that prices in many markets will fall more than 20% before too long.

By: questions guy

questions guy — Wed, 18 May 2022 04:46:39 +0000

you mean SNLR is looking like it might turn into a Buyers Market, not sellers – right?