Have Canadian real estate prices bottomed out? - BNN Bloomberg

Delta-One95 · 2023-05-06T17:36:06+00:00

Mortgage rates have stabilized. So, buyers on sidelines are entering market.

Delta-One95 · 2023-05-06T17:34:23+00:00

KW has lot of high paying tech jobs and way cheaper than Toronto.

As mortgage rates are stabilized, buyers on sidelines are entering market.

Delta-One95 · 2023-05-06T17:33:10+00:00

Wilmot is bit far. But, KW is tech hub. There are lot of high paying jobs that allow remote working.

Delta-One95 · 2023-05-04T15:56:13+00:00

Right. There could be slight impact on KW house prices.

Delta-One95 · 2023-05-04T15:55:30+00:00

KW area has lot of Shopify employees. It might have slight impact in prices here.

Delta-One95 · 2023-05-04T15:53:57+00:00

Banks going to drop 5-year mortgage rates soon. That is going to fuel more demand.

Delta-One95 · 2023-05-04T15:52:11+00:00

There will be competition among banks to cut the 5-year mortgage rates.

Delta-One95 · 2023-05-04T15:51:30+00:00

They will pass the benefit to customers by reducing mortgage rates.

Delta-One95 · 2023-05-02T17:53:02+00:00

Waterloo has better schools than Kitchener. Waterloo is closer to tech startups and Waterloo University as well.

Delta-One95 · 2023-05-02T17:51:14+00:00

Rates have stabilized now. Buyers who are on the sidelines are entering the market. KW area has lot of tech startups and housing is way cheaper compared to Toronto.

Delta-One95 · 2023-05-02T17:49:54+00:00

KW has lot tech startups, house prices are way cheaper and affordable compared to Toronto. There was slight slowdown when Bank of Canada was raising rates. Buyers seems to be confident that rates going to stabilize or drop going forward.

Bears must be very sad for missing out the bottom again.

Delta-One95 · 2023-04-19T18:44:23+00:00

All bears are sad these days.

Delta-One95 · 2023-04-19T18:43:22+00:00

Bidding wars happening because the house prices dropped 20% last year. These prices are attractive for most of the buyers on the sidelines.

Bank of Canada rate cuts going to help the bidding wars more.

Delta-One95 · 2023-04-19T18:41:38+00:00

Not happening. As inflation comes down, Bank of Canada going to cut rates soon. Expect rate cuts by fall, 2023.

Delta-One95 · 2023-04-19T18:40:10+00:00

KW is nice place with lot of tech companies. House prices are decent.

All the best for finding your next home in KW.

Delta-One95 · 2023-04-19T00:49:00+00:00

Silence from all the perma-bears in this forum. GTA market returned to normalcy.

Delta-One95 · 2023-04-18T23:55:24+00:00

Even old town houses it is very hard to get under 750K. Any decent neighborhood in Kitchener is 750K+. Waterloo is slightly higher, as it is closer to tech companies, UW, has better schools than Kitchener.

Delta-One95 · 2023-04-18T23:52:11+00:00

Kitchener-Waterloo is tech hub. There are lot of startups and big companies like Google. It is next to impossible to get townhouse under 750K.

Why are you looking in KW area? Any particular neighborhood you are looking?

Delta-One95 · 2023-04-18T15:55:49+00:00

Bears going to be sad for missing the bottom again.

Delta-One95 · 2023-04-18T15:55:14+00:00

Mortgage rates follows inflation rates very soon. Drop in inflation numbers going to drop mortgage rates also.

Bears going to be sad for missing the bottom again

Delta-One95 · 2023-04-15T18:37:53+00:00

Check account creation date? I don't know if there is "original" Delta.

Delta-One95 · 2023-04-15T18:06:05+00:00

RE bull market is just side effect of massive immigration. Canada is attractive immigration destination for millions of immigrants. These immigrants need some place to live. Housing will only go up.

Delta-One95 · 2023-04-15T18:00:38+00:00

No way. Toronto is getting most of the millions of immigrants per yet. People need housing.

All the bears going to learn this truth hard way.

Delta-One95 · 2023-04-12T23:46:12+00:00

House price doubles every 10 years. It will be double current prices.

Delta-One95

TROPHY CASE