Comments on: Canadian Real Estate Prices Are The Fastest Falling In The G7, US Gets Frothier https://betterdwelling.com/canadian-real-estate-prices-are-the-fastest-falling-in-the-g7-us-gets-frothier/ Canada’s Fastest Growing Real Estate News Source Sun, 13 Nov 2022 14:57:33 +0000 hourly 1 By: Michael Kim https://betterdwelling.com/canadian-real-estate-prices-are-the-fastest-falling-in-the-g7-us-gets-frothier/#comment-87107 Sun, 13 Nov 2022 08:13:22 +0000 https://betterdwelling.com/?p=22246#comment-87107 The factors are stacking up now…… the weight is too heavy. 2023 is not looking good. Watch the news…..

]]> By: Trader Jim https://betterdwelling.com/canadian-real-estate-prices-are-the-fastest-falling-in-the-g7-us-gets-frothier/#comment-87054 Thu, 10 Nov 2022 19:38:17 +0000 https://betterdwelling.com/?p=22246#comment-87054 In reply to datachecker.

this implies a fundamental lack of understanding of what happened during 2008. Back then there was no ability to borrow money at almost any interest rate, which isn’t the case in the current environment.

]]> By: Jamie Turtleneck https://betterdwelling.com/canadian-real-estate-prices-are-the-fastest-falling-in-the-g7-us-gets-frothier/#comment-87051 Thu, 10 Nov 2022 17:19:36 +0000 https://betterdwelling.com/?p=22246#comment-87051 Lies spread by conservatives. We need to increase immigration to 2 million people a year and that will support our economy. That will fix the housing problem because we don’t have enough homes.

]]> By: Lillian Dagher https://betterdwelling.com/canadian-real-estate-prices-are-the-fastest-falling-in-the-g7-us-gets-frothier/#comment-87050 Thu, 10 Nov 2022 17:15:38 +0000 https://betterdwelling.com/?p=22246#comment-87050 Certainly, the Canadian Real Estate Associations blind eye to real estate agents listing properties in such a way that they set up a bidding war on listed properties deliberately, has a lot to do with the unrealistic sale prices across Canada today. I would assume that our government turned a blind eye to this scamming on the part of the real estate industry, leaving the average Canadian unable to purchase a property at sky high and unrealistic prices. And now with the government hiking interest rates so quickly to “curb inflation”, those that did buy are going to be hard pressed to hang on to their homes, and those that couldn’t buy earlier, won’t be able to buy first, because the properties are still too high in price, regardless of the softening market (so far), and further, they can’t meet mortgage company qualifications …. still. It seems to me that the over inflation of the market was deliberate on the part of the Real Estate Industry and Government. For example, CREA wants a policy change to that will force real estate agents to list most properties on the MLS rather than marketing their listing privately. CREA thinks this is in the best interests for the consumers. Where was CREA properties were being marketed in such a way a bidding war was set up driving housing prices out of reach for the average Canadian? And which has in part, at the least, led to the state of the Canadian real estate market today. “The Covid real estate market” which saw the scamming of Canadian real estate purchasers especially, seems to me to have a huge influence on the state of our economy overall right now. And it was a hoax perpetrated on the Canadian people by the Real Estate Association in cahoots with government that should have halted such behaviors. This was not free market behavior, it was not int he best interests of consumers, it was a hundred percent scam on all Canadians whether they bought a home or not. And today they are paying the price regardless.

]]> By: datachecker https://betterdwelling.com/canadian-real-estate-prices-are-the-fastest-falling-in-the-g7-us-gets-frothier/#comment-87040 Wed, 09 Nov 2022 23:20:04 +0000 https://betterdwelling.com/?p=22246#comment-87040 US gets frothier, HA! the news is months behind, all you have to do is check out zillow or one of the others to see how many listings have sprung up. In some areas all the failed flips are up for rent, there are hundreds of homes for rent in some developments, it’s going to be waaaayyyy worse than 2008

]]> By: Ed Timermanis https://betterdwelling.com/canadian-real-estate-prices-are-the-fastest-falling-in-the-g7-us-gets-frothier/#comment-87037 Wed, 09 Nov 2022 20:52:05 +0000 https://betterdwelling.com/?p=22246#comment-87037 Hi,

As a real estate for 20 years I find your contact informative .

However, I do not like seeing the ads between the contact provided. I think it cheapens the message. If anything I would prefer paying the fee or subscribing to your information. Kind regards, Ed

]]> By: Henralph https://betterdwelling.com/canadian-real-estate-prices-are-the-fastest-falling-in-the-g7-us-gets-frothier/#comment-87026 Wed, 09 Nov 2022 00:01:48 +0000 https://betterdwelling.com/?p=22246#comment-87026 NOrmal people can not afford $1.4 million bungalows.
They can barely afford $600,000 bungalows. So it seemed obvious to many that prices were and are out of whack.
As usual, I can only blame the consumer. Use your common sense, and FOMO is not sensible. A wise man once said that to miss out is bliss and peace. But who these days wants peace?

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