Canadian Realestate Magazine forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Daily Market Update

Notify me of new replies via email
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.

    And Chinese prices are at around $150 a ton less than Canadian steel

    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.
Post a reply