Comments on: Most Canadian Real Estate Markets Fell From Peak, Down As Much As $355,000

By: John Grant

John Grant — Thu, 25 Aug 2022 16:35:48 +0000

Why do people buy hot stocks at absurd record highs…because they think its going higher, not because its worth it. Even a 50% drop would/will leave many homes overvalued.

By: Desai

Desai — Wed, 24 Aug 2022 14:29:32 +0000

The peak and bottom are just arbitrary terms for laymen who manage to raise their families in the county called GTA & Vancouver. However, the policymakers can do something if the boat is sinking or sailing too fast. Sadly, our politicians are busy imposing a carbon tax, inaugurating rainbow flags, and munching at multicultural events. Or they are not literate to understand this monster issue. It is difficult for people to buy, but renting is equally become outrageously expensive. Look at our commercial rent. Who will come to this cold and expensive place to start a business? Anyway, Canadian and Investor found a business called Renting, Flipping, and Investing, which is way easier than production, startups, and innovation. We should stop telling our next generation to study hard because anyway, most of them will never be able to afford a home or better life. Instead, teach them how to manipulate the system to make easy money. Why aren’t they increasing rental income tax to 45%? Multiple properties at 45%, foreign investors to 200%, no way because of the kickbacks from all these profit-making agencies. We have enough homes in this county but that is out shadowed by greed.

By: J

Tue, 23 Aug 2022 17:00:43 +0000

In reply to Edward. Sucker punch to the FOMO and poor renters. Investors have ways to keep funding coming legit or other wise. The honest schmos are the losers in ever cycle.

By: Adam

Adam — Tue, 23 Aug 2022 15:09:42 +0000

In reply to aliveandthrivingrebel. But prices are ridiculous in every province, in every part — even outside of the cities. I will say that one of the big reasons people moved from the city over the past two years was more relaxed mandates. Break the cycle of why people need to do something (like be in the city) and it breaks the poor decision making process.

By: Erik M

Erik M — Tue, 23 Aug 2022 11:43:25 +0000

In reply to Kate. The BOC warned of rising rates and telegraphed their hand well in advance, same with the FED in the states. The stock market was listening, it started pricing it in well in advance. Most people don't pay attention until it actually becomes reality. To say they were insiders seems a stretch, we all had the same information for months if not longer.

By: expat

expat — Tue, 23 Aug 2022 10:46:44 +0000

In reply to bluetheimpala. Yeah, there's absolutely no examples for this in the real estate market around us. Just tinfoil hats!

By: Edward

Edward — Mon, 22 Aug 2022 22:41:56 +0000

I remember not too long nearly everyone was claiming this was a long-term systemic supply issue and that housing prices were skyrocketing because of supply.

Let me get this straight…

1) The government/BofC intervenes in the market and suppresses interest rates and house prices appreciate at their fastest level in recorded history (Jul 2020 – Mar 2022)

2) The government/BofC reverses course on their intervention and reduces their suppression of interest rates and house prices begin falling, and falling FAST (Mar 2022 – Aug 2022)

And people say its a “supply issue”

Ermmm…. what is the common denominator here?

By: Ron Bruce

Ron Bruce — Mon, 22 Aug 2022 21:44:06 +0000

Warehousing people is based on speculation regardless of the year. The investment spent on innovation, disruptive technologies or intellectual property to assist Canadians compete on the global stage is extremely limited. Where will the income come from to help purchase space in the over-taxed energy-inefficient family warehouse?

By: Zaheer Jilani

Zaheer Jilani — Mon, 22 Aug 2022 19:42:49 +0000

In reply to Trader Jim. A very logical argument.

By: aliveandthrivingrebel

aliveandthrivingrebel — Mon, 22 Aug 2022 19:06:37 +0000

Perhaps people don’t want to live in the two provinces that are still pushing the mandate agenda? Also look like people are trying to get out of the cities.