Comments on: Canadian Real Estate Price Correction To Be One of The Largest In The World: Fitch https://betterdwelling.com/canadian-real-estate-price-correction-to-be-one-of-the-largest-in-the-world-fitch/ Canada’s Fastest Growing Real Estate News Source Wed, 01 Mar 2023 14:26:58 +0000 hourly 1 By: ROSSCO https://betterdwelling.com/canadian-real-estate-price-correction-to-be-one-of-the-largest-in-the-world-fitch/#comment-89286 Wed, 01 Mar 2023 14:26:58 +0000 https://betterdwelling.com/?p=22997#comment-89286 Issue is land is being sought after by more than just Canadians. Land will never depreciate altho it fluctuates, regardless of what institutions do to try and keep prices the same it wont happen. Always someone who wants to develop near industrial centers and nova Scotia is far overdue with its harbor attributes, altho still largly underdeveloped and even with the archaic nature of Halifax itself, as newcomers fill our voids with workers along come the developments which ultimately drive prices. Our own residents for the most part are lax in pro advancement but the rest of the world has clear vision. Why else was the international purchasing power halted in mid stream? Stop outsiders from using and buying up property means demand slows the economy.. add more taxes lol..always their answer

]]> By: Rand Passmore https://betterdwelling.com/canadian-real-estate-price-correction-to-be-one-of-the-largest-in-the-world-fitch/#comment-89254 Tue, 28 Feb 2023 07:53:48 +0000 https://betterdwelling.com/?p=22997#comment-89254 Much of the real estate industry in Canada has been,and still is, living in a sort of delusional dreamy mindset.
The housing market especially is much more vulnerable than many think.Do not count on immigration to prop up a house of cards.
It’s also likely that a huge home price decrease will help the economy in the longer term.
If it becomes necessary to raise rates more in the near future then those who are in greedfog will learn a hard lesson. Good !

]]> By: Woolsock https://betterdwelling.com/canadian-real-estate-price-correction-to-be-one-of-the-largest-in-the-world-fitch/#comment-89239 Mon, 27 Feb 2023 19:51:10 +0000 https://betterdwelling.com/?p=22997#comment-89239 Ratings agencies never seem to account for how absolutely mental Canadians are for RE. And why would they? They’re accustomed to analyzing and projecting for rational markets. Canada really defies both logic and expectations.

]]> By: Ali https://betterdwelling.com/canadian-real-estate-price-correction-to-be-one-of-the-largest-in-the-world-fitch/#comment-89238 Mon, 27 Feb 2023 19:41:41 +0000 https://betterdwelling.com/?p=22997#comment-89238 In reply to Amit.

Bull’s eye.
Couldn’t agree more.

]]> By: Chany Lee https://betterdwelling.com/canadian-real-estate-price-correction-to-be-one-of-the-largest-in-the-world-fitch/#comment-89236 Mon, 27 Feb 2023 15:24:35 +0000 https://betterdwelling.com/?p=22997#comment-89236 The number of new immigrants far exceeds the number of new houses. Do your math and be realistic. The market never lies.

]]> By: Mile Milkovic https://betterdwelling.com/canadian-real-estate-price-correction-to-be-one-of-the-largest-in-the-world-fitch/#comment-89234 Mon, 27 Feb 2023 14:28:41 +0000 https://betterdwelling.com/?p=22997#comment-89234 Can the BOC stop inflation? If not costs of borrowing will continue to rise and prices will continue to fall

]]> By: Ed white https://betterdwelling.com/canadian-real-estate-price-correction-to-be-one-of-the-largest-in-the-world-fitch/#comment-89222 Mon, 27 Feb 2023 01:18:49 +0000 https://betterdwelling.com/?p=22997#comment-89222 Sad writing…..and not much is ever came true

]]> By: Paul https://betterdwelling.com/canadian-real-estate-price-correction-to-be-one-of-the-largest-in-the-world-fitch/#comment-89221 Mon, 27 Feb 2023 01:17:41 +0000 https://betterdwelling.com/?p=22997#comment-89221 I agree.
If i read every year these guys wrote articles…
It would be 10 plus years with very little that came true. But i do like the reality REMINDER

]]> By: Paul https://betterdwelling.com/canadian-real-estate-price-correction-to-be-one-of-the-largest-in-the-world-fitch/#comment-89220 Mon, 27 Feb 2023 01:17:16 +0000 https://betterdwelling.com/?p=22997#comment-89220 In reply to Erik.

I agree.
If i read every year these guys wrote articles…
It would be 10 plus years with very little that came true. But i do like the reality REMINDER

]]> By: AJ https://betterdwelling.com/canadian-real-estate-price-correction-to-be-one-of-the-largest-in-the-world-fitch/#comment-89215 Sun, 26 Feb 2023 17:20:20 +0000 https://betterdwelling.com/?p=22997#comment-89215 In reply to Erik.

Lucky for you, interest rates haven’t been this high in 14 yrs.

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