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  7. Bank of Canada says house price increases in Vancouver, Toronto likely unsustain

Bank of Canada says house price increases in Vancouver, Toronto likely unsustain

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10 Jun 2016 13:01 #307655 by chairman
The Bank of Canada warns it is unlikely that the current pace of housing price increases in the Vancouver and Toronto area can be sustained.

The central bank made the comment Thursday in releasing its latest biannual review of risks posed to the Canadian financial system.

"[Housing market] supply will be somewhat more elastic in the long term, and it is unlikely that demand fundamentals will justify continued strong price increases," the bank said.
Always tell someone how you feel because opportunities are lost in the blink of an eye but regret can last a lifetime.
cricketwindies.com/forum/

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  • Kwami
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10 Jun 2016 13:42 #307659 by Kwami
bank of Canada  knows dick all . They have preaching market correction for 5 years and prices only keeps going up

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10 Jun 2016 14:22 #307680 by ketchim
Exactly.  Piss on the Guvnor  >:(

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  • BDBH
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10 Jun 2016 14:25 #307683 by BDBH
How will increasing the interest rates effect the foreign buyers who are paying cash for these houses? It will just make it unaffordable for the few Canadians who currently are in a mortgage.

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10 Jun 2016 15:19 #307691 by ketchim
They have to institute the Australia model :

as was proposed by the previous Harper guvment !

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  • mapoui
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10 Jun 2016 15:35 - 10 Jun 2016 16:01 #307694 by mapoui

"demand fundamentals" :-[ :-[ :-[ :-[

wat are demand fundamentals ::confused:: ::confused:: ::confused::

it means there is a demand for Canadian housing by criminal and politically insane and right wing money fleeing rebellion in other parts of world into a right wing safe haven market... Canada.

dat is what demand fundamentals are ::confused::  how 'long'  and fat and plentiful is that money ::confused:: ::confused:: ::confused::  how long will it continue to flow.... can it continue to flow... before it dries up ::confused:: ::confused::

wat goes up must come dong,
spinning wheels round and round..
ride a painted pony.......

::LOL:: ::LOL:: ::LOL:: ::LOL:: ::LOL::
::LOL:: ::LOL:: ::LOL:: ::LOL::
::LOL:: ::LOL:: ::LOL::
::LOL:: ::LOL::
::LOL::


Last edit: 10 Jun 2016 16:01 by mapoui.

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  • The Captain
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10 Jun 2016 15:39 #307695 by The Captain
the chinese are bringing the $$$$$$

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10 Jun 2016 15:42 #307696 by ketchim
Blood Sweat and Tears is an apt comparison for those who wanna buy a house !!

Good One, Maps  ;)

                   

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  • mapoui
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10 Jun 2016 15:58 #307697 by mapoui
hol' yuh money and wait fuh collapse or correction..... den buy cheap or cheaper
:-[ :-[ :-[ :-[
:-[ :-[ :-[
:-[ :-[
:-[

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  • Kwami
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10 Jun 2016 16:09 #307699 by Kwami
  Dream on . Might correct in Vancouver but not Toronto and the GTA. Here people buy houses to live in, not for speculation 

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