QUESTION — Will house prices ever go down to pre-COVID levels? Will there be a two08-like “bubble”?
Or is it “TOO BAD SO SAD” for the younger millenials / Gen Zers? 🤔
olderdeafguy1 on
If this is the start of a trend, then there is hope.
highly_confusing on
at least another 38.2% to go.
Im not paying 600k for a bungalow.
SnuffleWarrior on
They’re up 8% year over year in Nova Scotia.
shaun5565 on
Could it be the interest rates
crazyplantlady83 on
We just bought a house in Winnipeg. There was low inventory already, even there. I’m afraid to see what will happen when the rates drop.
duchovny on
So a 500sqft condo is still out of my price range.
carlosmysantana on
1.8% is nothing.
cpdyyz on
Keep em falling
shaver_raver on
Mine went up 12%. Taxes are gojng to be tough.
RMNVBE on
The prices are so wild in my city that I have resigned to never being a home owner in this country.
ngwright on
Still up quite a bit in Alberta’s big cities. I hate these lazy reporters putting in the minimal effort. Vancouver and Toronto were so ridiculous they skew the average so why report the average
pinkpanthers on
down 1.8%, cost of financing up 25% lol
Jedi182 on
Keep it going
RMNVBE on
I’m in BC. Even if I was to move to hours away east from where I work it would still be unaffordable. I have to think about where I would find employment which isn’t always so easy. I don’t think there is really an affordable area here. I would have to move way way up north
JDHalfbreed on
Only 70% more to go!
Gymwarrior31 on
Need to change the decimal to make it 18%
mo_merton on
They say that the new national average home sale price is now $703,446. With financing costs remaining high you will need ~$165K HHI to afford a home based on [this calculation](https://wealthvieu.com/mortgage-affordability-calculator-canada?a=165,000&b=25&c=50,000&d=6.5&e=1,250). They say that while the monthly national home sales are down 1.7% month-over-month on a year-over-year basis they are still up 10.1% with the national average selling price down 1.8%.
ApprehensiveAd6603 on
Put a 2 in front of that number and we’re talking…
19 Comments
QUESTION — Will house prices ever go down to pre-COVID levels? Will there be a two08-like “bubble”?
Or is it “TOO BAD SO SAD” for the younger millenials / Gen Zers? 🤔
If this is the start of a trend, then there is hope.
at least another 38.2% to go.
Im not paying 600k for a bungalow.
They’re up 8% year over year in Nova Scotia.
Could it be the interest rates
We just bought a house in Winnipeg. There was low inventory already, even there. I’m afraid to see what will happen when the rates drop.
So a 500sqft condo is still out of my price range.
1.8% is nothing.
Keep em falling
Mine went up 12%. Taxes are gojng to be tough.
The prices are so wild in my city that I have resigned to never being a home owner in this country.
Still up quite a bit in Alberta’s big cities. I hate these lazy reporters putting in the minimal effort. Vancouver and Toronto were so ridiculous they skew the average so why report the average
down 1.8%, cost of financing up 25% lol
Keep it going
I’m in BC. Even if I was to move to hours away east from where I work it would still be unaffordable. I have to think about where I would find employment which isn’t always so easy. I don’t think there is really an affordable area here. I would have to move way way up north
Only 70% more to go!
Need to change the decimal to make it 18%
They say that the new national average home sale price is now $703,446. With financing costs remaining high you will need ~$165K HHI to afford a home based on [this calculation](https://wealthvieu.com/mortgage-affordability-calculator-canada?a=165,000&b=25&c=50,000&d=6.5&e=1,250). They say that while the monthly national home sales are down 1.7% month-over-month on a year-over-year basis they are still up 10.1% with the national average selling price down 1.8%.
Put a 2 in front of that number and we’re talking…