20 percent overbids are the norm in Markham, Richmond Hill, Stouffville and Unionville Ontario if you can find anything for sale.Posted by Tony on Thursday, February 25th, 2021 at 7:22pm
Yeah, well... that doesn't help us here in Alberta.Posted by GM on Thursday, February 25th, 2021 at 9:48pm
The low-interest-rate seems to be a major cause of high housing prices.Posted by Sharon on Friday, February 26th, 2021 at 12:20am
TIff's right. It's actually getting hot in Edmonton too. Sales are running white hot!Posted by Tom on Friday, February 26th, 2021 at 12:36am
Well prices certainly aren't.Posted by GM on Friday, February 26th, 2021 at 3:20am
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.Posted by Dave Kosinski on Saturday, February 27th, 2021 at 1:03am
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.Posted by Sharon on Saturday, February 27th, 2021 at 6:33am