Housing Bust 2017

Leveraging, renting vs owning, making an investment or buying a home?
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Mordko
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Re: Housing Bust 2017

Post by Mordko » 05 Aug 2017 21:57

Can't predict short term changes. Over 10/20 years, the probability is high that prices will revert to the trend. Right now we are way above the trend.

FI40
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Re: Housing Bust 2017

Post by FI40 » 18 Aug 2017 16:27

SkaSka wrote:
04 Aug 2017 19:07
I'm surprised that as real estate sales start to slow down in Toronto and, to a smaller extent, Vancouver, that there is little discussion in this thread?

Is the bust finally unfolding?
It certainly looks ominous for anyone thinking of selling in Toronto right now. I also assumed there would be some more discussion here. Maybe everything that needed to be said has already been said, and people are just waiting to see if it's the start of a bust or just a hiccup on the way higher. Agree with the other posters that predictions are pointless - the last several years could serve as a lesson to that effect.

nisser
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Re: Housing Bust 2017

Post by nisser » 18 Aug 2017 16:36

There's been some unpublished data posted at the http://www.greaterfool.ca/ blog.
Essentially, it sounds like there's been a 20-30% drop in sale price since the peak early this spring. If really true, once becomes public and unspinnable in a positive way by TREB, the carnage will truly start

hamor
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Re: Housing Bust 2017

Post by hamor » 19 Aug 2017 09:45

I heard in northern GTA the drop is around 15%
As long as Chinese continue to bring money here 'by the suitcase', the madness will continue.
I have no clue what is going on in China and what are the underlying conditions, so I can't even hazard a guess wrt the future ... If I had to, I'd say the prices will go higher, may be now, may be few years down the road, but they will.

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CROCKD
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Re: Housing Bust 2017

Post by CROCKD » 25 Aug 2017 10:15

A Reuters report about the Toronto housing market.
Price slump, tight cash
" A verbal contract isn't worth the paper it is written on " Samuel Goldwyn
"The light at the end of the tunnel may be a freight train coming your way" Metallica - No Leaf Clover

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