I would like to start new thread about house pricing and what we guys think about it.
Calgary and Vancouver things are going little down. Vancouver is more affected in last 2-3 months. Both cities have highest listing of houses now as compare to last few yrs.
I am in market for buying house but holding and watching live show.
Location: Kinshasa DR Congo
Posted on: 12-10-06 13:17:36
Quote:
Originally posted by rahul_singh23
I would like to start new thread about house pricing and what we guys think about it.
Calgary and Vancouver things are going little down. Vancouver is more affected in last 2-3 months. Both cities have highest listing of houses now as compare to last few yrs.
I am in market for buying house but holding and watching live show.
I PERSONALLY FEEL THAT THE MARKET WILL SLOW DOWN. WATCH FOR PRICES CLOSELY. FOR PROPERTY LOCATION IS IMPORTANT. SECONDLY LOOK AT YOUR NEED FOR THE SIZE OF HOUSE. US MARKETS ARE ON A DOWNSIDE, SIMILAR IS EXPECTED FOR THIS COUNTRY.
That I figure out where to buy and what to buy. Only thing waiting how much price can go down.
I think anywhere within Alberta, Vancouver area might be a good deal in the long term. Ontario might see some areas going thro' readjustment esp. in southwest horseshoe region.. Ultimately though increased immigration can only increase land prices..
There is a definite real estate slowdown going on more so in US than in Canada.
It is only a matter of time before Ontario house prices scale back to realistic levels.
With income leves and minimum wages remaining more or less where there are in te past few years, there is no logical explanation to this price rise.
true the job market is opened up but the pay rates / scales have not sky rocketed.
so there is bound to be a correction which is slowly taking shape
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Non illigitamus carborundum
I agree with goldeneye. Canada follows same economic cycle that US have. But we follow 6 months or max. 12 months late in game.
One thing everyone forgets though is US has huge supply of illegal latino/mexican workforce that is a big labor pool for construction work. Supply of new homes in US is therefore much more than in Canada ?
Who does these construction jobs in Canada ? - roofing, concrete, brickwork,framework ? think probaly PR or Citizens who work for regular wages not for pittance.
