“Homes in our area....and, in the above mentioned areas, are getting MULTIPLE competing, same day offers.”
We got 3 offers the first day. Then a couple backup offers after accepting one.
Yes, it’s crazy! Sad thing is prices are going up to price starting families out of the market. I hate to see that.
yeah, I wonder where people are going after they sell! Here, many are just moving to a bigger house, etc. But that just means more money needed. The places that probably have decreasing house prices, we probably wouldn’t think twice about moving there (liberalism most likely).
Hi CB....
The market up here is worse, and it’s an intentional takeover.
Our realtor is expecting to get $1M offers plus for our place. It is NOT worth that kind of money. He said the buyers now are ALL from China, and possibly the Middle East. They are taking over, buying up all of the houses that come on the market, and ordinary, blue collar Canadians don’t have a hope of purchasing, unless they’re loaded.
First time home buyers are SOL. Plus, the rental market is non-existent. It is a very, very depressing, hopeless, dangerous time for anyone starting out. It’s terrible. And it’s by design.
Population of Canada is about 35,000,000. How many homes would that be? Maybe 15,000,000? Between the Chinese (mostly) and the Middle East, purchasing 15,000,000 homes for them would be a cakewalk.
We already know Trudeau is in bed with the CCP - they’re moving in and taking over right before our eyes. I’m glad I’m the age I am, but I fear very much for my kids and grands. Very much.