People alwasys compare Canadian House Market to US, China or somewhere else. I want to tell you that there is nothing to compare. House price is based on Location, location and location. Canada is just a big different location with only 30M population compare to other countrys.
During the 10 years of economy booming, many people saved lots of money, this is where the house purchase power comes from. Now the purchase power is almost released. Also many new built units will be completed at the end of this year.
House price is very sensitive topic. Lots of people benefit from it. They don't want to see the price down. That is understandable.
Arguing here might just waste the time. Let's wait and see what is happening in the next several monthes. And we will find out who is
痴人说梦ing.
During the 10 years of economy booming, many people saved lots of money, this is where the house purchase power comes from. Now the purchase power is almost released. Also many new built units will be completed at the end of this year.
House price is very sensitive topic. Lots of people benefit from it. They don't want to see the price down. That is understandable.
Arguing here might just waste the time. Let's wait and see what is happening in the next several monthes. And we will find out who is
痴人说梦ing.