The price of homes continues to creep higher, but sales are down significantly compared to last year. Bruce Frisko reports.
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Due to a supply shortage and insane zoning laws preventing new construction.
Also money laundering going strong in Canada
Exactly drug & prostitution money. They have turned to property as the washing machine.
How?
That I don’t doubt. Government isn’t competent enough to report on it.
The “Canadian” dream is dead!
I thought Trudeau was supposed to save it for everyone. 😂
@Michael S all politician were supposed to save it…
I think it’s better to change the economy system.
Into what?
@Shaun Cameron to something that not one person have all power on economies.
Why do you call it market, if it’s not behaving like one?
Due to government interference.
Groups of investors are buying and renting. The price will go up as long as they pay high rent or pay the investors mortgage.
I keep on getting $380,000 every week from a new trading platforms in town.
Buying homes in Canada is costly from skyrocketing heating cost to maintenance cost.
Blame the ginger promoting heat pumps on almost every commercial.
Record breaking 451,000 new immigrants will only help the housing and hospital shortages.
If you do the math, based on immigration and lack of new housing starts, I suspect you’ll still see houses holding their value going forward. Even when the interest rates are rising. In my neighborhood hardly anything has come down because there’s no inventory and there’s no land.
450000 Indians gonna flood the country
Supply and demand 101
“sellers” = Trust Fund investors in Real Estate. Who should be illegal.
Rich banks and investment firms are hoarding homes
Bottom line..as longball the government and municipalities get their fair share, what do they care.
The reason why I decided not to move
Yep, that’s the reality we live in. Canada housing will not drop. Canadian better move out of this country
Yep and the choice of countries that are not worse off are very limited.
Raise all you want you wont sell homes are going to drop like a rock and nobody is buyin ..
How about stopping immigration for a little while. This way we give industries and infrastructure time to catch up; medical needs more and higher paid staff. Education needs more permanent buildings (not 2nd rate portables).
I’ll be living in my tent soon. In the forest.
Perpetuated by real estate agents !!