Posted on 08/11/2022 5:48:23 PM PDT by millenial4freedom
The average home price in Canada is expected to fall 23 per cent by the end of next year, predicts Desjardins Economics, in a significant downgrade to its earlier forecast.
“Canada’s housing market is correcting quickly, and faster than we anticipated in our downbeat June forecast,” Desjardins said. In the previous forecast, the Montreal-based financial services company predicted national home prices would fall 15 per cent during the same period.
(Excerpt) Read more at leaderpost.com ...
Chinese money no longer coming into the country.
Chinese money no longer coming into the country.
Also, some good income people fleeing to America.
The rich Chinese are looking to escape a totalitarian government.
I wonder if that trend will come to the US?
.
Crystal Balls
In several cities their home prices are worse than LA home prices.
I wouldn’t be a buyer for anything less than 24%
“Chinese money no longer coming into the country.“
My buddy lives in an exurb of Vancouver, His neighbor just sold a house he bought 5 years ago for C$ 500,000 for a cool million. And this is just a slightly upper-middle class town.
I’m wondering if the death jabs will cause less demand for houses and lower prices.
Wonder if their taxes will go down too?
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