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GORD SMART
BuzzStaff
reply 168 vote 21
 

US style housing meltdown - here in Canada?

The media seems to be reporting quite a bit on a possible US style housing meltdown in Canada .... especially in Vancouver and Toronto.

What are your thoughts?

http://www.cbc.ca/news/world/story/2012/09/20/f-rfa-macdonald-housing-prices.html
4
Vancouver / General Chit-Chat
 
 
 
MARCO DIFOTI
BabbleBee
reply 476 vote 12
 
 
I am still looking for property to buy. The market in Toronto might be softening a bit, but it is not melting down. 

If it is not going strong in October, it will be breaking records again by March 2013. 

(just my opinion)  
 
 
MING LAM
Buzzer
reply 13 vote 1
 
 
more like a slowdown I think. In Vancouver, it may be different as we have limited parcel of land and everyone wants to live here ...
 
 
GORD SMART
BuzzStaff
reply 168 vote 21
 
 
@Ming Lam - not so sure .... there seems to be a fairly steady exodus out of BC right now, largely due to high cost of real estate. Lots of folks moving to Alberta and elsewhere in Canada! Short term I think we will see a fairly significant softening in the market - longer term.... anyone's guess.
 
 
MING LAM
Buzzer
reply 13 vote 1
 
 
yeah... anyone's guess... people are funny
 
 
 
 
 

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