lordmandeep
Banned
I think Harper was smart to call an election now.
However he did not expect the economy to tank during the election.
However he did not expect the economy to tank during the election.
According to the statistics about 10% of all condo purchases in Toronto come from abroad. Not only to invest in I'm afraid, but also to live in when they are here. Why are all of the other markets crashing and our's is still in tact? The U.S. economy has been in bad shape for a long time, why don't we have tent cities anywhere around here? I'm not saying it couldn't happen here, but it hasn't...not yet anyways. The main thing is to stay positive, and not panic - don't overspend but don't underspend either. Keep the economy going, we'll get through it I'm sure.
Typically, Canada lags US (and other parts of world) as our total GDP is dwarfed by other nations and we export more than we import (ie. we typically respond to world markets, not lead it). Wasn't that long ago that we were bragging our equity markets were the only market not in a bear market. Took us awhile to get here, but we're in a bear market now. Now will the RE market follow ?? Most likely, and the real question is not if, but how much ??
I agree...and to add - after a "bear market" there is a "bear market rally". This usually happens after a crash in the markets, on-going selling, and pessimism. We'll just have to wait and see how long this bear market lasts!
Do you know what a 'bear market rally' means ?!?!?!
In a downward bear market trend, there will always be 'bear market rallies'.
That does NOT mean the market has become bullish; but occasional pop ups occur, which tends to lure people into thinking that things have changed, and can go back down very violently.
I never mentioned that the markets will become "bullish". I simply stated that there will be opportunities in the markets for investors to reap the benefits of an ongoing bear market - hence the "bear market rally". The bear market rally after the great depression lasted 3 years btw...
It's interesting that according to this informal survey, most ppl are still bullish that RE prices are going to go up.
I hope someone will repeat this survey every few months so we can gauge sentiment as a whole. It would be interesting to monitor.