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Canadian Realestate Magazine | 10 Dec 2014, 04:08 AM Agree 0
Vancouver condo buyers hit by steel dispute… Consumer confidence falls with the oil price… U.S. mortgage lenders offering deals with three per cent down… Canadian realtors take to the skies…
  • Randy | 10 Dec 2014, 03:05 PM Agree 0
    Not sure I believe this article. Rebar prices are still below $700 Cdn a ton due to low demand.
    http://www.indexmundi.com/commodities/?commodity=rebar&months=60&currency=cad

    And Chinese prices are at around $150 a ton less than Canadian steel
    https://www.thesteelindex.com/files/custom/Steel%20page/TSI%20Weekly%20Steel%20Reference%20Prices%20-%2021%20Jul%2014.pdf

    A $5000 increase at $150 per ton would require 33 tons of rebar in a 2 bedroom condo.
    Likewise a $10,000 increase would require 66 tons per condo.
    Both figures are highly unlikely.

    Me thinks Canadian producers are not supplying the appropriate kickbacks compared to the foriegn dumpsters grift.
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