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Canadian Realestate Magazine | 20 Feb 2015, 06:46 AM Agree 0
No areas are sellers’ markets says BMO… More than half of Canadians have struggled with financial decisions… Maintenance fees could cut condo values… Maintenance fees could cut condo values…
  • wrong | 20 Feb 2015, 08:57 AM Agree 0
    Obviously written by non realtors going on bidding wars in the GTA...
  • Another "analyst" fail | 20 Feb 2015, 01:04 PM Agree 0
    ...and no BMO analysts have a clue. Get out of your Toronto offices and come visit East Vancouver. Want real market info? Talk to a good local Realtor not these desk jockeys.
  • Ryan G | 21 Feb 2015, 12:47 AM Agree 0
    Not likely from GTA either...we're experiencing some of the most pronounced signs of a sellers market to date. Buyers are frustrated from lack of product and fierce competition for listings, typically resulting in bidding wars.

    I can't imagine where these analysts are from if the rest of the comments are from the West And the depiction of the Western markets is also inaccurate.

    Seldom is the east represented with any degree of accuracy.

    In reply to the comments thus far; no GTA-based report would lament low oil prices...while they are bad for our national GDP, they tend to be good for manufactuaring and interest rates , each of which has a tendancy to fuel the real estate markets here.
  • Samir Sad | 21 Feb 2015, 02:40 PM Agree 0
    It is very interesting, Yes there is some bidding in the GTA, it might be different story this year. I would say it is a balance market between buyers and sellers, but more in favor of the seller. reasons, low oil prices is good for the GTA diversified manufacturing and business market due to weaker dollar and export to the US. also low interest rate. Affordability is so, so, many young people get help from family to qualify. move up buyers no issue using their home equity. but many are barely making it by spending over 50% of their gross income for the home.
    It is OK as long as interest rate are low. The demand to continue because of the new immigrant influx.
  • AACI | 25 Feb 2015, 07:29 AM Agree 0
    Talk to a realtor, ha that is rich, all you do is fluff up the market, nothing more than house pimps.
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