Weekly Market Update Feb. 26/21

20 percent overbids are the norm in Markham, Richmond Hill, Stouffville and Unionville Ontario if you can find anything for sale.

Yeah, well... that doesn't help us here in Alberta.

The low-interest-rate seems to be a major cause of high housing prices.

TIff's right. It's actually getting hot in Edmonton too. Sales are running white hot!

Well prices certainly aren't.

A year ago, my house is worth about 1 million, now it's 1.4 and probably closes to 1.5 if I want to sell. However, I don't know where I can live except going back to Calgary, with COVID, nobody wants to sell their SFH, and move.

Who know what will happen a year from now. My gut said the same house will be probably 1.25 ish

Sounds like another strong reason for Alberta independence. Alberta is not anything like the rest of Canada, economically or politically, and should not be governed as such.

Re: The low-interest-rate seems to be a major cause of high housing prices.

The entire world seems to think the only direction for the U.S. dollar is off a cliff to save the fraud U.S. stock market and the U.S. banking system from implosion. This will blow the asset bubble even higher. Eventually this could lead to triple digit oil prices even as demand for oil falls as oil is priced in U.S. dollars.

Tony, I can understand what you said. Trump economy is just fake, supported by money-printing.