Re/Max says house prices have recovered to 2008 levels in many Canadian markets

1. Posted by Blank on Wed, Oct 7, 2009

The market has dropped but sellers perceptions haven't - sellers are not being realistic in their pricing! they are still think that thier homes are worth the same as what they paid for it 2 years ago, they have not come off the 'cloud nine yet' Realtors are over pricing homes at list time then coming back and asking homeowners to reduce. Have your home appraised by a LICENSED APPRAISER people don't trust market evaluations. - just saying.

Report Abuse

2. Posted by DaveW on Sat, Sep 26, 2009

Better than the US market: http://www.chartoftheday.com/20090925.htm?T DaveW.

Report Abuse

3. Posted by Douglacoste on Sat, Sep 26, 2009

I totally agree. I also will wait and if prices don’t come down, I won’t buy. I can’t justify spending more to own then to rent the same for less. And not to mention a starter home average price is about $200,000 ppppssstttt….what a joke. $200,000 for a house that should be torn down. WOW!

Report Abuse

4. Posted by Douglacoste on Sat, Sep 26, 2009

I totally agree. I also will wait and if prices don’t come down, I won’t buy. I can’t justify spending more to own then to rent the same for less. And not to mention a starter home average price is about $200,000 ppppssstttt….what a joke. $200,000 for a house that should be torn down. WOW!

Report Abuse

5. Posted by Mr on Sat, Sep 26, 2009

This must be why I see forsale signs up for months and months. I think I'll wait untill prices come down some more. And if they don't......well then I don't buy. That simple! Guess what, everybody thinks like me so that means prices must come down. No new buyers, surplus builds, prices crash. Just wait and see.

Report Abuse

6. Posted by Joanna on Sat, Sep 26, 2009

Ya Right.....what a joke. Huge housing slump in my neighborhood. To paint a rosy picture on the Canadian housing market is to be very ignorant or maybe just a desperate homeowner. I have sold realestate for nearly 18 yrs and have never seen such a slump. It was a good ride while it lasted but its over. The sooner we all accept it the better. And only then can we really start to recover from the recession.

Report Abuse

7. Posted by MetisCnd on Sat, Sep 26, 2009

PS. Getting sick of hearing about how great the housing market is doing. If it was so great then why all the fuss and telling people they missed out? What a bunch of crap!

Report Abuse

8. Posted by MetisCnd on Sat, Sep 26, 2009

BULLSHlT! Just some more propaganda B.S. from realestate related machines. The housing market HAS NOT improved. The numbers have been fudged to look so, but sales are way down and listings are still at record levels. There are more houses listed on the MLS today then any other time in history. The Canadian government has been propping up the housing market for nearly 4 years now and they have done a great job too. Prices are still slipping here but we haven't seen the huge retraction like in the U.S. and U.K. YET. Harper and the bank of Canada have introduced 30, 35, 40 year mortgages, no money down mortgage, cash back mortgage, And now with unsustainably low interest rates the bubble has grown so large that when it does pop it will be much worse then U.S. or U.K. The biggest mistake policymakers and politicians could make at this stage is to continue propping up the asset bubble in the property market in Canada. But that won’t be a choice for Harper coming soon. If he is voted out of office the funding used to prop up the housing bubble will be turned off and it will POP.

Report Abuse

9. Posted by MetisCnd on Sat, Sep 26, 2009

BULLSHlT! Just some more propaganda B.S. from realestate related machines. The housing market HAS NOT improved. The numbers have been fudged to look so, but sales are way down and listings are still at record levels. There are more houses listed on the MLS today then any other time in history. The Canadian government has been propping up the housing market for nearly 4 years now and they have done a great job too. Prices are still slipping here but we haven't seen the huge retraction like in the U.S. and U.K. YET. Harper and the bank of Canada have introduced 30, 35, 40 year mortgages, no money down mortgage, cash back mortgage, And now with unsustainably low interest rates the bubble has grown so large that when it does pop it will be much worse then U.S. or U.K. The biggest mistake policymakers and politicians could make at this stage is to continue propping up the asset bubble in the property market in Canada. But that won’t be a choice for Harper coming soon. If he is voted out of office the funding used to prop up the housing bubble will be turned off and it will POP.

Report Abuse

10. Posted by MetisCnd on Sat, Sep 26, 2009

BULLSHlT! Just some more propaganda B.S. from realestate related machines. The housing market HAS NOT improved. The numbers have been fudged to look so, but sales are way down and listings are still at record levels. There are more houses listed on the MLS today then any other time in history. The Canadian government has been propping up the housing market for nearly 4 years now and they have done a great job too. Prices are still slipping here but we haven't seen the huge retraction like in the U.S. and U.K. YET. Harper and the bank of Canada have introduced 30, 35, 40 year mortgages, no money down mortgage, cash back mortgage, And now with unsustainably low interest rates the bubble has grown so large that when it does pop it will be much worse then U.S. or U.K. The biggest mistake policymakers and politicians could make at this stage is to continue propping up the asset bubble in the property market in Canada. But that won’t be a choice for Harper coming soon. If he is voted out of office the funding used to prop up the housing bubble will be turned off and it will POP.

Report Abuse