Is there a bubble in Canadian real estate ?

[MonteDobson]

QUOTE (brendan82 @ Sep 9 2010, 08:23 PM) Thomas, i would be curious to know how much downside you see in the markets of Grande praire, Edmonton and Calgary. We have already see a correction in all but how much more downside do you see? I`m thinking 20-30% of the next 5 years.
So Brendan, you think another 20-30% down, in markets that have (in some cases) already corrected 10-30% from the peak in 2007. So (for example) if a person bought a home for $400K in 2007, it is likely worth $360K today.

Based on what you are saying, you believe this same home would be worth $252-288K in 2015, in an oil driven economy that is bound for further prosperity? What makes you think this will occur??

 

[jamurphy]

QUOTE (addbo @ Aug 31 2010, 07:11 PM) I believe all the articles are due to the Centre for Policy Alternatives Report about "Canada`s Housing Bubble"

http://www.policyalternatives.ca/newsroom/...-housing-bubble

Interesting little read, but good analysis and insight Thomas! At the end of the day real estate investing is local not a national event... and as well if it cashflows... then you can wait the 5 to 10 years for the market to come back.


If the opinion is that it will take 5-10 years before we start seeing price increases again...surely there are other avenues for investment with greater ROI.
Let;s face it - you`re doing very well indeed if cash flow alone can give you a good ROI on a downpayment

 

[housingrental]

jamurphy - i agree

 

[Thomas Beyer]

QUOTE (jamurphy @ Sep 21 2010, 11:16 AM) If the opinion is that it will take 5-10 years before we start seeing price increases again.....
An opinion is an opinion .. not the fact !

Prices have already increased from mid 2009 in most markets ! In some markets (but not all) they will be higher yet in summer 2011 .. and in some they will be lower !