Housing market in Canada-views

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rahul_singh23
Member since: Apr 05

Posts: 1014
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Post ID: #PID

Posted on: 16-06-06 16:15:27

I want to start this topic because lot of CDs may be looking for buying home soon. I am in same boat in Vancouver where market is really crazy.
I think we all CD especially who are living in Canada for long, having own homes or in this real state business can share their views.

I read lot of discussion forms and exert comments that market in Vancouver is at highest level of bubble. But how long it will go nobody can predict. Here I am also confused like lot of others when to buy home, or wait.

Any advice, comments, expertise, future predictions are welcome.

rahul_singh23
Member since: Apr 05

Posts: 1014
Location:
Post ID: #PID

Posted on: 20-06-06 15:31:12

Here in Vancouver condo pricing already 2-10K less than asking started. How about in other cities?

Ash20
Member since: Apr 06

Posts: 443
Location:
Post ID: #PID

Posted on: 20-06-06 17:40:33

Are you looking for townhouse/condo or single family house. I am also totally confused and find prices in Greater Vancouver crazy. But still prices are increasing. Do you find condo prices decreasing (as it looks from your below post).

Quote:
Originally posted by rahul_singh23

Here in Vancouver condo pricing already 2-10K less than asking started. How about in other cities?

Loser
Member since: Sep 04

Posts: 1052
Location: Nice ,USA
Post ID: #PID

Posted on: 20-06-06 17:46:25

It will crash by the end of the year. The prices are too much.

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You know you are a desi when ........ You spew forth the virtues of India, but don't want to live there...............You've never had a tanning salon membership

rahul_singh23
Member since: Apr 05

Posts: 1014
Location:
Post ID: #PID

Posted on: 20-06-06 18:02:56

I am looking townhouse. I can not afford single family house in nice area and I don’t want to live in condo also.
But just watching everything how trends are going. Condo is first market that will effect if bubble burst. when.....?

jayaram
Member since: Jun 04

Posts: 298
Location: Calgary
Post ID: #PID

Posted on: 07-08-06 23:38:14

Don’t ever think of buying in Vancouver. You don’t want to loose your shirt.

Buy Brampton, Newmarket, GTA. price will increase 4 to 5% for another 2-3 years. Interest rate will come down in 2 years.

To invest - best bet it Alberta,- Calgary(55% increase), Edmonton(33 % increase) - Oil prices are not going to come down soon.

rahul_singh23
Member since: Apr 05

Posts: 1014
Location:
Post ID: #PID

Posted on: 08-08-06 17:31:41

Wait for some more time. It starts shaking all over Canada. Here in Vancouver people already start feeling scared who is holding few apartments just for sale.

Contributors: rahul_singh23(6) lana2005(1) jughead(1) Ash20(1) Loser(1) jayaram(1) morning_rain(1) Mishtar India(1)

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