Canadian household debt just reached the $ 3 trillion mark. Canadian household credit card debt is at the highest level in history. Bloomberg and the IMF as examples have called the Canadian real estate bubble the biggest in the world. Household income versus average house prices in Vancouver are at multiples of 22. The idea multiple is 4 to 6. The BoC is doing everything it can to save the market and it all starts with the CPLie. Sell if you can, buyers keep your hands in your pockets.
Take your pick: Lack of investor demand, heavy restrictions on immigration, small square footage, massive new inventory in 2025, etc. etc.. There's plenty of reasons to think condo prices are going to continue to be weak regardless what the interest rate does.
@@solomonmendonca3223 It depends if you think investor sentiment has been permanently or temporarily damaged by the recent profound weakness in sales activity. There's been a lot of massive losses investors have been absorbing to exit the market, and often huge losses like this can sour an asset class for all investors. Rates will also likely never be returning to the rock-bottom we saw during the end of the run-up in prices, so absent an acceleration of rent prices, the lack of near-zero rates will dampen investor demand on their own.
Who is giving lower rates? I just checked TD website and fixed rates are actually increasing
They are offering better rates when you contact them. Their advertised rates are not their best rate.
This
TD fixed 3 year is 4.14-4.19% if you call
Canadian household debt just reached the $ 3 trillion mark. Canadian household credit card debt is at the highest level in history. Bloomberg and the IMF as examples have called the Canadian real estate bubble the biggest in the world. Household income versus average house prices in Vancouver are at multiples of 22. The idea multiple is 4 to 6.
The BoC is doing everything it can to save the market and it all starts with the CPLie.
Sell if you can, buyers keep your hands in your pockets.
3.5% rate very soon
I think so in 2025.
Lmao man Canada is desperate
LOL he called the bottom of the market
Now he's trying to pump it like his career depends in it
Nope , rates not going down
Justin T need to resign
If not for the dead economy, the falling rates and pending collapse in immigration are a gift to all Canadians needing housing.
Lalaland
Are you sure???😂
Construction jobs will definetly take a hit.
already are
Everyone just needs to accept lower wages, including construction workers.
Already down, hearing no jobs after sites are done.
@@ElectronicWasteland-p2x Im in one of the top earning trades and typically see a 2-3 dollar raise annually. I dont see that coming down.
How can rates go down but condo market still be headed for disaster? Doesn't make sense
That's what RUclips tells you. Fear fear fear. It can't go lower. It's already at rock bottom
@@KyprosEcbuddy, it's not at the bottom
Take your pick: Lack of investor demand, heavy restrictions on immigration, small square footage, massive new inventory in 2025, etc. etc.. There's plenty of reasons to think condo prices are going to continue to be weak regardless what the interest rate does.
@@ElectronicWasteland-p2x investor demand doesn't stay static as rates go down
@@solomonmendonca3223 It depends if you think investor sentiment has been permanently or temporarily damaged by the recent profound weakness in sales activity. There's been a lot of massive losses investors have been absorbing to exit the market, and often huge losses like this can sour an asset class for all investors.
Rates will also likely never be returning to the rock-bottom we saw during the end of the run-up in prices, so absent an acceleration of rent prices, the lack of near-zero rates will dampen investor demand on their own.