Housing Bubble vs. Housing Market Slowdown

RE:Housing Bubble vs. Housing Market Slowdown

Mel — Mon, 22 May 2006 11:00:00 GMT

I agree, Canada's real estate market collapse is next. Commodities are on the way down, due to economic cycle. I sold my home last year, and renting at this time. I have no intention to buy for a very long time. It is mainly due to future high inventories, and aging baby boomers. I will not buy until it becomes cheaper to buy, than to rent. Until then, my capital gains are going to safely compound at a 5%(at this time) rates.

RE:Housing Bubble vs. Housing Market Slowdown

Eileen — Thu, 11 May 2006 11:00:00 GMT

I don't believe these prices can go on forever. Both my husband and I work, we have no kids, no debt and A+ credit. We were looking for our first house, but decided to take a step back. The properties in our price range were old, unattractive townhomes that needed TLC. By purchasing a $250,000 townhome, we would practically double what we are currently paying in rent! We're going to wait it out to see where the market goes. I just don't think now is a good time to buy.

RE:Housing Bubble vs. Housing Market Slowdown

red — Sun, 30 Apr 2006 11:00:00 GMT

The thing that drove the economy was expansion further from the heart of Vancouver, space being limited. Everyone jumped on the bandwagon and prices artificicially rocketed upwards as more and more construction happened. It will reach its saturation point and probably has, some people will have to buy 50 miles away from their work now. Once the construction slows, the bubble will be revealed.

RE:Housing Bubble vs. Housing Market Slowdown

day — Mon, 24 Apr 2006 11:00:00 GMT

Houses for sale in Lower Mainland BC are 45% overpriced in 2006. The bubble is ready to burst any moment. Construction projects are at a standstill. Cost of living is unbelievably high. Bank interest rates are going higher every month. Every real estate owner wants to win the lottory, so they are listing the property about 45% higher in price. Buyers are going to be big time losers. These are signals of a recession.

RE:Housing Bubble vs. Housing Market Slowdown

jojo — Mon, 17 Apr 2006 11:00:00 GMT

Due to high demand for commodities, I dont think Canada is in for a recession.

RE:Housing Bubble vs. Housing Market Slowdown

day — Thu, 13 Apr 2006 11:00:00 GMT

The real estate bubble burst in the USA can be felt in lower mainland Canada as well, because we have house bubble also. Home sales have slowed down since beginning of 2006 in British Columbia, Canada. It could be a housing bubble bursting or the beginning of a recession in Canada. I am worried for both countries.

RE:Housing Bubble vs. Housing Market Slowdown

Robert Coté — Wed, 12 Apr 2006 11:00:00 GMT

How in the world did Freddie Mac find the time to publish an optional report when it is in violation of mandatory reporting standards? We are supposed to believe 8.7% y-o-y price increases from an organization that made 5 supposedly conforming loans to a homelees man?

RE:Housing Bubble vs. Housing Market Slowdown

Bob Broker — Wed, 12 Apr 2006 11:00:00 GMT

The inventory levels in this area have increased significantly from a year ago. Pricing is starting to soften, with reductions in price now starting to happen. Even with reductions, sellers are still realizing a nice profit. "Flipping" of contract is not as prevalent as it was a year ago.