Edmonton prices are now slightly below the peak last month. No one is paying 30% and not seeing home prices fall. It’s ridiculous and hilarious that anyone thinks that’s possible.

The societal catastrophe is probably great if prices continue to rise, not if they fall. Also, please site your data source(s) for house prices still rising regionally. (Pro tip: a post card from your neighborhood real estate agent doesn’t count).

I live in Alberta. This is nonsense. Listings ramping up, price cuts everywhere. No or few new builds in my area Edmonton, SHERWOOD Park, Saint Alberta.

well, from the banks stand point, if they have 30 billion in loans in the GTA, and 5 billion in AB, they are going to look at the GTA #s closer. Don’t know how representative my made up numbers are, but you see my point

Yes, they’re not balanced by reporting on what the bank says but you leaving out that high ratio mortgage borrowers in some cities are now underwater and new developments are failing appraisals is completely balanced.

More real estate bulls need to take an english class or see a psychiatrist, or something. The subject of the article is clearly what a bank is telling institutions, not to soften any blow your ego gets from finding out what investors are saying behind closed doors.

That was in May. The title suggesting “still” is a bit misleading.

On June 1, BOC raised rates 50 bps. ON July 13, the BOC raised rates 100bps.

Variable rate mortgages 1.50 higher in 45 days.

The volume going into fixed rate mortgages will be quickly increasing.

Competing on the global stage is hindered by runaway living costs, where the Banks seem to be the benefactor (CPI is over 25% shelter). But the Bank will give you less than 2% in your savings account while charging around 20% on unpaid credit card balances.

The Bank I visit maybe once a month occupies more real estate than most significant corporations. Guess who is paying for this redundancy?