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Canadian real estate boom over, statistics indicate


Misc CDN | 206432 hits | Jun 16 4:03 pm | Posted by: tritium
2 Comment

"Canadian housing market activity continued to slide in May, confirming that the six-year housing boom has, indeed, fizzled, and the poor winter results were not just weather- and holiday-related," Bank of Montreal economic analyst Robert Kavcic said in

Comments

  1. by avatar tritium
    Tue Jun 17, 2008 1:49 am
    You can see this is the Calgary area, where once you had to compete to buy a house and condos were snapped up and sold out before construction was complete.

    Now condos and homes are staying on the market longer and mortage companies are begging for business.


  2. by avatar Toro
    Tue Jun 17, 2008 10:23 pm
    In the hottest markets out west, prices will fall 30-40% from the peak.



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Who voted on this?

  • tritium Mon Jun 16, 2008 3:05 pm
  • RUEZ Mon Jun 16, 2008 4:07 pm
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