shockie

Originally Posted by Reece

I'm at a serious loss at why real estate prices are still going up in Canada. We're basically in the same mess as the USA -- real inflation is running high, good jobs are scarce, mortgage rates are going up...

well in places like alberta that are seriously growing, the real estate market has been hot. i heard that a trailer on a lawn would cost the same as a house elsewhere in the country. also, i get the feeling that canadians aren't spending money they don't have and they weren't getting mortgages they don't deserve either, which is why they haven't been hit as hard. this "mess" that the us housing market is in has a lot to do with all those mortgages that shouldn't have existed in the first place.

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- shockie