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Investors counter ‘housing crash’ forecast

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Canadian Realestate Magazine | 24 Mar 2015, 09:15 AM Agree 0
The book proclaiming that the housing bubble is about to burst is being criticized as speculation and not fact.
  • | 24 Mar 2015, 11:15 AM Agree 0
    Quote from article:
    Jamie Johnston, broker of record at Re/Max Condos Plus, said that since MacBeth lives in Edmonton it isn’t likely he has a view of other markets in Canada. "People who live in and understand the Toronto market have a different view," he said.

    People living in the centre of the universe always assume everyone else are simpletons and rubes. Jamie, you might want to take the blinders off.
  • MFenn | 24 Mar 2015, 12:38 PM Agree 0
    The serious, long term investor will neither dismiss such reports out of hand, nor gullibly accept them, but rather with a great deal of specificity seek to understand where the figures are coming from, which have led to the claims, against the background of long term trends in the housing markets and, for example, the many long term factors which combine to make the Toronto and Vancouver housing markets attractive for investors.
  • Neil Murphy | 25 Mar 2015, 11:43 AM Agree 0
    it has been my view that historically, most people who predict massive crashes are wrong, and most massive crashes fail to get predicted. For a balanced view of the current residential real estate market in Canada, download the 50 page Market Manuscript by Ben Myers at http://www.thesyndicatedmortgage.com/manuscript
  • Havana Omelet | 25 Mar 2015, 01:03 PM Agree 0
    Neil, how can you assign any credibility to a shop whose senior officers (Fortress) were involved in referring their clients to buy/trade securities from obscure publicly traded securities , whilst pocketing $3MM for themselves and not disclosing to their clients their compensation for such activity? I give them zero credibility, including Ben Myers.
    http://www.osc.gov.on.ca/en/Proceedings_set_20111215_phoenix-credit.htm
  • David Pylyp Toronto | 31 Mar 2015, 07:58 AM Agree 0
    All this while GWL just purchased another building for their long term hold and rental asset portfolio.
    Toronto continues to attract residents.
  • judy | 31 Mar 2015, 06:38 PM Agree 0
    This site gives a little too much space to the "Bubblicious Experts" !!!!! Is this not "Canadian Real Estate Wealth" rather than "Canadian Real Estate Poverty"? More responsible reporting please!
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