Comments on: Canadian Real Estate Prices To Fall Lower, Worst Case Is A Return To 2014 Values: Oxford Econ https://betterdwelling.com/canadian-real-estate-prices-to-fall-lower-worst-case-is-a-return-to-2014-values-oxford-econ/ Canada’s Fastest Growing Real Estate News Source Tue, 07 Feb 2023 23:56:56 +0000 hourly 1 By: dave frazer https://betterdwelling.com/canadian-real-estate-prices-to-fall-lower-worst-case-is-a-return-to-2014-values-oxford-econ/#comment-88818 Tue, 07 Feb 2023 23:56:56 +0000 https://betterdwelling.com/?p=22851#comment-88818 In reply to SS.

I agree. I do not know why anyone would buy a condo. They are not an investment more of a liability. Condo fees seem to be rising far faster than inflation. Its like having 2 mortgages to pay, But only one you can pay off. the other keeps increasing. Condo fee increases will eventually make condos almost unsellable and turn them into a depreciating asset.

]]> By: Simon https://betterdwelling.com/canadian-real-estate-prices-to-fall-lower-worst-case-is-a-return-to-2014-values-oxford-econ/#comment-88813 Tue, 07 Feb 2023 17:12:28 +0000 https://betterdwelling.com/?p=22851#comment-88813 In reply to dave frazer.

insightful

]]> By: Mark https://betterdwelling.com/canadian-real-estate-prices-to-fall-lower-worst-case-is-a-return-to-2014-values-oxford-econ/#comment-88808 Tue, 07 Feb 2023 15:46:47 +0000 https://betterdwelling.com/?p=22851#comment-88808 In reply to John letonja.

Almost all of your assertions here are patently incorrect. For example, the value of an asset is completely determined by what the market is willing to bear. You can set any random price on a property and hope/pray, but unless a buyer (from “the market”) is willing to pay it, you are s*** out of luck.

Also, try using punctuation, so you seem like less of crazy person.

]]> By: Lauren Maddox https://betterdwelling.com/canadian-real-estate-prices-to-fall-lower-worst-case-is-a-return-to-2014-values-oxford-econ/#comment-88805 Tue, 07 Feb 2023 15:37:44 +0000 https://betterdwelling.com/?p=22851#comment-88805 In reply to Kloop.

Oxford Economics doesn’t post them since they sell the research, but in my experience if you email them they’ll send you a copy of a report. You probably can’t do it every month, but every once in a while I’m sure they don’t mind.

]]> By: Jamie Price https://betterdwelling.com/canadian-real-estate-prices-to-fall-lower-worst-case-is-a-return-to-2014-values-oxford-econ/#comment-88804 Tue, 07 Feb 2023 15:35:43 +0000 https://betterdwelling.com/?p=22851#comment-88804 In reply to Aj.

That’s the average for Toronto, not the median.

]]> By: Jamie Price https://betterdwelling.com/canadian-real-estate-prices-to-fall-lower-worst-case-is-a-return-to-2014-values-oxford-econ/#comment-88803 Tue, 07 Feb 2023 15:28:30 +0000 https://betterdwelling.com/?p=22851#comment-88803 In reply to Aj.

that’s the average for Toronto, not median. They’re two different things, but in any case one is much closer to being able to service the mortgage credit required for a typical home than the other.

]]> By: SS https://betterdwelling.com/canadian-real-estate-prices-to-fall-lower-worst-case-is-a-return-to-2014-values-oxford-econ/#comment-88785 Mon, 06 Feb 2023 10:37:08 +0000 https://betterdwelling.com/?p=22851#comment-88785 If prices for housing and rents do not drop sharply there is basically nothing to do in Canada. Thankfully we have 4 bedroom house elsewhere hence have options. The problem is liberal approach to economy. These guys both liberals and conservatives believe in gods of the markets . They believe that they only has to play with interest rates and some laws by laws without working hard. Anyone who believes that this housing problem can be solved with building more private houses is delusional. Look at Toronto core. Full of old and ugly looking houses which take a lot of place and house little people. That’s very inefficient way of using space. Condos is a nother ponzi scheme making housing affordable.

]]> By: Frederick Pabst https://betterdwelling.com/canadian-real-estate-prices-to-fall-lower-worst-case-is-a-return-to-2014-values-oxford-econ/#comment-88777 Sun, 05 Feb 2023 17:15:14 +0000 https://betterdwelling.com/?p=22851#comment-88777 In reply to Oh Canada.

I truly hope you are not an economist or data analyst…. That is not correct reasoning of why people are moving there…

]]> By: Frederick Pabst https://betterdwelling.com/canadian-real-estate-prices-to-fall-lower-worst-case-is-a-return-to-2014-values-oxford-econ/#comment-88776 Sun, 05 Feb 2023 17:12:21 +0000 https://betterdwelling.com/?p=22851#comment-88776 In reply to John letonja.

Putting mortgage on your tax return for a deduction, like in the US, would be like adding gas on a fire. People would take on more debt. US is different, they have 30-year mortgage and after a certain amount, they pay taxable gains when they sell their home. Plus, in many cases, way higher property tax.

]]> By: Frederick Pabst https://betterdwelling.com/canadian-real-estate-prices-to-fall-lower-worst-case-is-a-return-to-2014-values-oxford-econ/#comment-88775 Sun, 05 Feb 2023 17:04:33 +0000 https://betterdwelling.com/?p=22851#comment-88775 In reply to Daniel Ko.

Very true, but new immigrants know this going in. There is no more “new frontier”, most places are established, so it’s hard to get ahead for both the new citizens and old alike (excluding the 1%, but that’s everywhere). Canada and the entire globe is going back to feudal way with serfs, where everything is a subscription service and you own nothing…

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