Weekly Market Update, Feb. 17/17

The biggest threat right now is further regulatory change because of the insanity (and there's no other word for it) in Toronto. That market has the potential to destroy lives.

Trev, yesterday the mayor of Toronto announced there would be no regulatory changes. He said the market is healthy in response to a diagnosis by BMO economist announcing a bubble in Toronto and the mayor rejected that so no changes unless you mean on the federal level but I doubt it because apparently they're still waiting to see the full effect of the latest mortgage rule changes.
I personally think the bubble in Toronto will continue to grown for another 18 months.

Bubble? What bubble?

Toronto is probably the cheapest metro of 5 million in the world.

Your graph showing sale number seems to be off- under 100 vs 235 shown above. Or my glasses need changing. Great info as always, hoping oil goes above $60 and foreign buyers discover the Capitol City.

It won't be that easy, with jobs keep relocating to Asia, middle class' life will becomes more challenge.

Seems see more and more people relocate for jobs, they can't carry their house with them.

I am looking to sell my home where a condo is going to be built a two blocks away. How much will it effect the value of my property? Should I try to sell now or wait until later?

A short but lucid comment.

The fake bubble bursting news hounds are slowly going back into hiding until signs of impending market doom arise again...

I really want to hear from those who spewed bubble bursting ideologies of pending market doom broight on either by the rise if the dippers. The fall of oil. Hell what ever root cause you can come up with in the realm of socio political economic factors know. To be correlated with land values in the central business districts of urban core Canada, including yeg.

Sharon. You make no sense as in nonsense.

Jobs moving to Asia?! What planet are you on.

I'm in IT. It pretty common cutting job and add them in Asia. Many people just training their Asia colleagues and get layoff.

Globalization is a big topic, are you living in another planet?

Listings down and sales up. Is this is the start of a recovery?

Yes

Our wages are absolute shit, but it's the same story across Canada. I'm in Fort Mac so I can make $35 an hour. The same telecom jobs in Edmonton pay under $25 an hour.

We have people on our crew from Vancouver and Calgary and it's the same story.

Of course Newfoundland make up the bulk of the crew, but it's always been shit there.

Globalization isn't necessarily bad. On the one hand, lower end and repetitive jobs will be shipped away to developing countries. But on the other hand, their development will create demand for higher end products and energy. For example, China got the clothing industry moved there, while at the same time they are buying so many iPhones and so much oil.

Toronto Metro has a population of 6,417,516 over 7,124.15 km2.
Dallas–Fort Worth metroplex has a population of 7,102,796 over 24,059 km2. Uh... it's about 1/3 the density and not really a metro other than the name.

Houston? Same story. It has a vast low density cheap suburbs while the core is VERY expensive.

As for Chicago, you would be naive to think it's cheaper than Toronto. It has some of the highest priced houses and apartments.

Sharon,
Your writing style makes me suspect you are also from Asia. No?

Pretty sure we have higher total employment than ever, or at least close. Don't see our jobs being farmed out .

Mayor of TO means jack-squat. It's the Feds I worry about. Justin is an interventionist. If they try to cool TO could effect other markets including ours. I disagree that TO is the cheapest market over 5M in the world... I've been to Dallas, Houston, and Chicago and that's just in NAM. We could benefit fro TO craziness...people looking at the prairies as a bargain. But we could also be smacked by rules meant to contain TO.... my bets are on no changes though, and steady and stable YEG market thIs year. But there's heightened risk over the past month. TO is a casino. Still low risk though to affect us, but higher than previous. Sales up and strong...good indicator for now.

The worry of Globalization is deformity development, some country will only have rich and poor, no middle classes, the country will be very divided.
One of the reason Donald Trump care about middle class, is he need middle class to by the properties he builds.

Hey George, it depends on a lot of factors, but a couple of blocks away will probably have little if any effect on your value, assuming you're in a typical suburban neighbourhood.

It looks correct to me. Thanks.

Huh?!!' Deformity development?!!' Haaaaaaa

You obvioulsy munched on the wrong coloured pill and have chosen to live in the "matrix" oblivious to the real world.

What kind of world would you like? A uniform standardized world where all is equal like a mcdonalds hamburger?!!!

Who cares about globalization and its associated fluff terms. What matters is the 1% (real human beings) screwing the 99% over

U need to stop reading fluff academic books and just read comic books. Like someone mentioned above: Your english is horrible btw; best you try to grapple with simple concepts rather than throw around fluff terms to sound like you are actually educated and live outside the matrix imprisioned. Ill stop before i skewer you some more.

Finally a somewhat learned statement provided by wsn. Although i do not agree entirely with the logics of comparative advantage (another flulff academically driven term)...yet, wsn adds value.

watch the 1% and youll realize who's screwing over who. Its not fluff terms that are behind what youre alluding to there Sharon.