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Canadian Realestate Magazine | 13 Mar 2015, 07:20 AM Agree 0
Report warns of mass mortgage default… RBC predicts housing market will be “buoyant” with regional diversity, 2016 will be slower… Household debt edges higher again… So what do you get for $51 million in Vancouver these days?
  • | 13 Mar 2015, 11:27 AM Agree 0
    Who actually writes this information for the big banks?
    Been watching them for over 30 years now and not once have they got it right!!!
  • | 13 Mar 2015, 12:23 PM Agree 0
    Mass default on mortgages if there was a widespread crash in house prices caused by fear mongering articles like this. Only so much dirt to go around in the GRVD, prices are not likely to crash unless there's is catastrophic natural event such as a major earthquake and corresponding tsunami. With limited useable land still available in the GRVD & Fraser Valley and this region is still favoured by many immigrants, prices will continue to gradually increase. If Ottawa and the big Banks decide to interject to 'correct' the market, it will financially destroy Canadians that currently own property just to make it cheaper for others.
  • | 13 Mar 2015, 02:07 PM Agree 0
    As a Realtor with Homelife/Miracle Realty Ltd. in Ontario, and being in the business for almost 28 years, I have seen all the trends in the real estate market during my career and I really do not thing it is going to crash at all. Real estate is in fact, is your retirement funds. Forget about RRSP"s as they do not make you any money. In fact the Banks or Government take your monies and invest in real estate or mortgage it to the consumers at a very high rate. When your are at the age of 25-30 and buy real estate, at age 55, this is your retirement funds. Really, think about . Renters are losers and do not realise that they are making their landlords rich. Very simple, if you do not pay your mortgage, the bank throws you out, if you do not pay rent, the landlord throws you out. So, why not but real estate now, for the cost of borrowing is so cheap that it carries like rent. Real estate will never come down and neither will the cost of living. The only crash will happen is when the world goes to the third world war. Something to seriously think about.
  • David Pylyp | 14 Mar 2015, 09:42 AM Agree 0
    This headline *Report warns of mass mortgage default* is followed by this "The report highlights that it is not responding to a specific concern about the current market and it does not aim to predict what may happen to the housing sector, but with a growing number of people having arranged mortgages "

    Meaningless Attention grabbing headline....

    Rates are 2.2% on a V 2.79 % on a fixed Better deals may be obtained
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