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  • Canadian home sales plummet in February, signalling deeper malaise

    From bnnbloomberg.ca

    Canadian home sales dropped sharply in February in a broad-based retreat that highlighted a deepening slowdown in the sector. Home sales fell 9.1 per cent in February from the previous month, the Canadian Real Estate Association said Friday. Transactions slumped 12.6 per cent in Toronto and 4.4 per cent in Vancouver. Prices, meanwhile, remained steady, with CREA’s benchmark index rising 0.3 per cent on the month. The report comes a day after Statistics Canada data showed the country’s home values fell for the first time in at least three decades last year, adding to evidence rising interest rates and a string of ... (full story)

  • #1
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  • Mar 15, 2019 1:05pm Mar 15, 2019 1:05pm
Looks like a seller's market will turn into a buyer's market but this will probably take a few years.
  • #2
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  • Mar 16, 2019 2:12am Mar 16, 2019 2:12am
it started to become clear china is paper tiger and all these Chinese owned (empty) properties will become drag for prices. I think there is multi decade downtrend in wherever Chinese were active. Indian immigrants will not solve the issue as at some point they will realize the huge price they are expected to pay for 'better' life.
  • #3
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  • Mar 16, 2019 2:55am Mar 16, 2019 2:55am
Quoting seaman2
it started to become clear china is paper tiger and all these Chinese owned (empty) properties will become drag for prices. I think there is multi decade downtrend in wherever Chinese were active. Indian immigrants will not solve the issue as at some point they will realize the huge price they are expected to pay for 'better' life.
Your message is not clear. I'd like you to break it down.
when you can accurately predict the future, you leave nothing to chance.
  • #4
  • Quote
  • Mar 16, 2019 3:25pm Mar 16, 2019 3:25pm
Quoting seaman2
it started to become clear china is paper tiger and all these Chinese owned (empty) properties will become drag for prices. I think there is multi decade downtrend in wherever Chinese were active. Indian immigrants will not solve the issue as at some point they will realize the huge price they are expected to pay for 'better' life.
If you ask immigrants most will tell you that they moved out from their countries to get a better life for their children not for themselves.
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  • Posted: Mar 15, 2019 12:01pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 4  /  Views: 1,523