KA1
Senior Member
http://www.ottawacitizen.com/business/Rising+home+prices+double+edged+sword/4151793/story.html
Another perspective on CMHC mortgage insurance.
Another perspective on CMHC mortgage insurance.
Note that the prices of the land-only component of new home prices has gone up more than expected recently. (I think the latest numbers were November, with a rise of 0.4 per cent) Could this show a trend? I think that the sq.ft. prices of buildable area will go up this year, don't you think?
http://www.theglobeandmail.com/glob...-market-trends-for-2011/article1882519/page2/
Link to The Globe and Mail -- general discussion about housing market in 2011.
I don't doubt that he believes what he is saying.
The problem with this analysis is Gov of Canada can tell me that inflation is 2%. The reality is it is much higher. Food prices are markedly up. Gas is markedly more expensive, both far more than 2%. The thing of it is; most people I know have to eat and most drive. In my particular case, I would say that makes up a very significant part of my monthly budget. I can put off the purchase of a new TV or electronics if I have no money (which incidently is declining in price) but I can't not eat or use my car to get to work.
Food inflation is under 2%, thanks to Wal-Mart.
http://www.theglobeandmail.com/repo...food-inflation-tame-in-canada/article1882175/
And they are opening up 40 Supercenters this year
http://money.canoe.ca/money/business/canada/archives/2011/01/20110126-114520.html