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That doesn't usually happen. When prices tumble, people run away in panic. People are not rational when it comes to fear.

Tons of people are taking a wait and see attitude. When prices flatten as they have, there's less pressure to buy right away. You don't feel like you're "falling behind" when the YOY change is only 3% or less. Also, the long period of low standards for mortgages (high amortizations, low...

Really? Zero? I think you underestimate the swings that a speculative market can experience. Emotion is an extremely volatile creature, and few financial products are more emotional than owning real estate. These things often tend to have a snowball effect. That being said, most signs...

Isn't this debate kinda moot? It's pretty easy to find out if the CMHC is the seller, isn't it? http://calgaryrealestatereview.com/2013/02/27/is-cmhc-seeking-to-hide-foreclosures/

Nah, it sold about what it was worth. Houses on that area are valued at around $800K. Here's the only similar listing I could find: http://www.realtor.ca/propertyDetails.aspx?propertyId=12684032&PidKey=-891545021

Not sure how much of an impact having a steady unemployment rate will have on the real estate market. It's still a bit too early to call a "great spring housing market" after such a terrible February. Let's wait to see if it was a part of trend, first. RE: BB Nice call on the low. I...

2009

Not sure I agree. As a buyer, it would definitely affect my decision to buy a property. A property that is being foreclosed may not be in as good shape. Here are American articles (may not be fully relevant to Canadians) on the drawbacks of buying a foreclosed property...

http://www.reuters.com/article/2013/02/08/canada-economy-housing-idUSL1N0B82DN20130208

New treb report is up: http://torontorealestateboard.com/market_news/release_market_updates/news.htm TORONTO, February 5, 2013 – Greater Toronto Area REALTORS® reported 4,375 transactions through the TorontoMLS system in January 2013. This number represented a slight decline...

1.7% YOY is a significant drop from October's 6.2% YOY (a drop of about $15K overall). I think we're just starting to see some of the more pricier properties getting pinched in price. Full November numbers will tell a better tale...

Why wouldn't they loan? It's insured. If the guy defaults, they get what they're owed from taxpayers. It would probably be more of an issue if you put 25% down to avoid CMHC fees.

Only 15? But you already wrote in your post that people are getting 90% of what houses sold for earlier this year. That's a 10% decline. And people are still holding out. What happens when people start caving on prices? It's such a speculative market that you can't really tell what the...

The Toronto Star: http://www.moneyville.ca/article/1266020--toronto-real-estate-sales-down-but-prices-up-from-last-year Worst paper when it comes to reporting real estate news, bar none.

In a way, buying the NY property diversifies their investment and reduces their risk in terms of exposure. A drop of 25% in Vancouver will only result in a drop of 13.5% of their overall asset value. Additionally, the $7000 in rental revenue (less taxes) covers all their mortgage payments with...

10 York street is going to sell well. The location is excellent and Tridel has a great reputation. King Blue looks good, too. Eau du Soleil might be the one most affected by recent market trends.

I actually think it will have the opposite affect. Why keep money in real estate if you could be making a better return in the financial market? The banks employ about 275K Canadians (about 1.6% overall). While significant, an increase of, say, 10% would not have a dramatic affect on...

What does the US market have to do with the Toronto housing market?

Looks like we might start seeing drops in rent soon: http://www.theglobeandmail.com/report-on-business/economy/housing/toronto-condo-resales-falter-as-listings-climb/article4617115/

Do you mean Carney? I don't think Flaherty can affect the prime rate. I also doubt that they'll lower the BoC rate lower than 1%. They made the market slump on purpose. They want a gradual correction, not a crash. The average debt levels are too damn high and it's stumping the overall...