Comments on: Canadian Building Permits Make Historic Drop, As Real Estate Slowdown Spreads

By: Late 80s

Late 80s — Tue, 06 Jul 2021 02:17:55 +0000

In reply to Yogi. were you looking for house to buy in late 80s?

By: Yogi

Yogi — Mon, 05 Jul 2021 20:57:21 +0000

Guys please there is no crash coming. As long we have government intervention and cooperation from industry to manipulate the economics of housing through supply manipulation, interest rates, lending policy etc.. and the fake news cycle this market will not crash. I was a housing bear for the longest time till I finally realized that housing is not a free market. It’s just too big to fail given how much of it is tied to GDP.

By: Brian

Brian — Sun, 04 Jul 2021 13:53:23 +0000

In reply to Paul.

People sometimes make comment outside of the track of the article irrelevant to their reading skills.

I may need to open dictionary from time to time but still there are hands that control the building permit.

Wait and see, when prices of building material drops there will be 10 other reasons not enough houses being built.

By: D

Sat, 03 Jul 2021 22:44:30 +0000

In reply to NO LAND IN OUR COUNTRY. Canada is not a real country if you think about it. Every country had a war of independence from their previous masters, not Canada. There’s no such thing as a free lunch and Canada is still not an independent nation. Canada was given “independence”. That tells you a lot. Canada is fully owned by the City of London corporation as is UK, Australia, NZ and any country where Elizabeth is the “head of state”. India is still a common wealth nation as every ex British colony, they are owned by London but not as much as Canada. They rightfully kicked out the Queen.

By: Han

Han — Sat, 03 Jul 2021 19:19:58 +0000

In reply to Paul. Material costs are a real concern. They had an article the other day where a lumber exec said his wholesalers are telling clients not to buy at these levels. It's hard to price in this kind of increase in home prices.

By: NO LAND IN OUR COUNTRY

NO LAND IN OUR COUNTRY — Sat, 03 Jul 2021 18:04:17 +0000

In reply to Bob Walter. There is NO land in Canada. Its a lobby of entitled Canadian elite. Slavery that masked as " we are the number one country in the world ". Propaganda.

By: Doomcouver

Doomcouver — Sat, 03 Jul 2021 18:02:35 +0000

In reply to Adam J. I'm going to go out on a limb here and say that the homebuilders are probably starting to get nervous about what a re-opening means for the demand for housing. Government stimulus is winding down, unemployment is above 8%, and people will be going back to work and wanting to get rid of their rural pandemic hideouts en masse potentially. Add to that people may be more likely to leave Canada to find work elsewhere when global travel gets back to normal, and you have a lot of downward pressures on Canadian housing prices all at once. Just like how a lot of people thought that the pandemic would finally pop the housing bubble and it had the opposite effect, all the people that expect the reopening will be bullish for housing might be equally disappointed.

By: Jigar Suratwala

Jigar Suratwala — Sat, 03 Jul 2021 16:20:49 +0000

Market should crash early rather than just a slow down.

By: Aman

Aman — Sat, 03 Jul 2021 16:07:31 +0000

This is one of the way looser government want to keep real estate boom. Lower supply triggers higher demands make price higher.

Simple economic equation i study in grade 10.

Stop this news if that is not really happening

By: Pete

Pete — Sat, 03 Jul 2021 14:05:17 +0000

Its a building boom in the US.
Everyone who wants a house is going to have a house. Crash is going to happen there, but all people can afford a house of some type, not like in Canada.