canadian bubble

[patb]

http://www.google.com/hostednews/canadianpress/article/ALeqM5h-ZPXd1GnVUugy141Z4b6IdaZktw

Buyer Leslie Urquhart said buying her first home was a horrifying ordeal. Urquhart, 34, began her six-month home shopping odyssey with one goal-to get into the market. But she quickly realized that was easier said than done. Increasing budgets, pressure from her realtor to commit to a place and finding a mortgage made her wonder what she had got herself into.”

“Although she eventually found a condo in for $60,000 more than her original budget, she advised other first-timers to do their homework and prepare themselves for changes. In the end, Urquhart accomplished her goal of getting into the housing market, but she won’t be living in her new place as she had hoped. Instead, she will become a landlord, renting the place out while living in a basement suite at her parent’s house where rent is cheap.”

“‘At least I’m in the market and I’m learning,’ she said.”

(Yeah she’s learning. Her ass is about to learn)

[Nor-LA-SD-guy]

Talking to My co-workers in Ottawa,
Prices at peak, prices going higher, economy starting to take off.
They could not be happier or more confident…

Oh well I guess we will see how things evolve.

[Nor-LA-SD-guy]

Talking to My co-workers in Ottawa,
Prices at peak, prices going higher, economy starting to take off.
They could not be happier or more confident…

Oh well I guess we will see how things evolve.

[Nor-LA-SD-guy]

Talking to My co-workers in Ottawa,
Prices at peak, prices going higher, economy starting to take off.
They could not be happier or more confident…

Oh well I guess we will see how things evolve.

[Nor-LA-SD-guy]

Talking to My co-workers in Ottawa,
Prices at peak, prices going higher, economy starting to take off.
They could not be happier or more confident…

Oh well I guess we will see how things evolve.

[Nor-LA-SD-guy]

Talking to My co-workers in Ottawa,
Prices at peak, prices going higher, economy starting to take off.
They could not be happier or more confident…

Oh well I guess we will see how things evolve.

[briansd1]

And to think that anyone would want to live in Canada with its “socialist” system, national health care, and subfreezing temperatures.

BTW, if it weren’t for immigration and resource extraction, Canada’s economy would be hurting.

I thought that everyone would want to live in San Diego instead. 😉

But, yes, Canada’s economy is doing pretty well. Many of the cash buyers of real estate in USA are Canadians.

[briansd1]

And to think that anyone would want to live in Canada with its “socialist” system, national health care, and subfreezing temperatures.

BTW, if it weren’t for immigration and resource extraction, Canada’s economy would be hurting.

I thought that everyone would want to live in San Diego instead. 😉

But, yes, Canada’s economy is doing pretty well. Many of the cash buyers of real estate in USA are Canadians.

[briansd1]

And to think that anyone would want to live in Canada with its “socialist” system, national health care, and subfreezing temperatures.

BTW, if it weren’t for immigration and resource extraction, Canada’s economy would be hurting.

I thought that everyone would want to live in San Diego instead. 😉

But, yes, Canada’s economy is doing pretty well. Many of the cash buyers of real estate in USA are Canadians.

[briansd1]

And to think that anyone would want to live in Canada with its “socialist” system, national health care, and subfreezing temperatures.

BTW, if it weren’t for immigration and resource extraction, Canada’s economy would be hurting.

I thought that everyone would want to live in San Diego instead. 😉

But, yes, Canada’s economy is doing pretty well. Many of the cash buyers of real estate in USA are Canadians.

[briansd1]

And to think that anyone would want to live in Canada with its “socialist” system, national health care, and subfreezing temperatures.

BTW, if it weren’t for immigration and resource extraction, Canada’s economy would be hurting.

I thought that everyone would want to live in San Diego instead. 😉

But, yes, Canada’s economy is doing pretty well. Many of the cash buyers of real estate in USA are Canadians.

[70Degrees]

We just sold our house in Canada. We set an all-time record for our subdivision with the price we wanted. It was on the market for <2 weeks.

One of our neighbors sold their house before it even got listed, and at least three forsale-by-owners have sold on my street (of 40 houses) in the last month. One of which apparently had a bidding war.

We're about an hour west of Toronto in a town of 100k and all of this activity was in the ~$500k range.

The market is very active but it doesn't feel like a bubble yet. While prices are strong, they haven't started to go up really fast (more like just holding strong) and we aren't seeing lots of speculation or a ton of new building.

We're taking advantage of our strong market here and our par dollar to move to the San Diego area. I have to say we're nervous about leaving the "socialist" health care behind, but leaving the cold winters behind should make up for it.

[70Degrees]

We just sold our house in Canada. We set an all-time record for our subdivision with the price we wanted. It was on the market for <2 weeks.

One of our neighbors sold their house before it even got listed, and at least three forsale-by-owners have sold on my street (of 40 houses) in the last month. One of which apparently had a bidding war.

We're about an hour west of Toronto in a town of 100k and all of this activity was in the ~$500k range.

The market is very active but it doesn't feel like a bubble yet. While prices are strong, they haven't started to go up really fast (more like just holding strong) and we aren't seeing lots of speculation or a ton of new building.

We're taking advantage of our strong market here and our par dollar to move to the San Diego area. I have to say we're nervous about leaving the "socialist" health care behind, but leaving the cold winters behind should make up for it.

[70Degrees]

We just sold our house in Canada. We set an all-time record for our subdivision with the price we wanted. It was on the market for <2 weeks.

One of our neighbors sold their house before it even got listed, and at least three forsale-by-owners have sold on my street (of 40 houses) in the last month. One of which apparently had a bidding war.

We're about an hour west of Toronto in a town of 100k and all of this activity was in the ~$500k range.

The market is very active but it doesn't feel like a bubble yet. While prices are strong, they haven't started to go up really fast (more like just holding strong) and we aren't seeing lots of speculation or a ton of new building.

We're taking advantage of our strong market here and our par dollar to move to the San Diego area. I have to say we're nervous about leaving the "socialist" health care behind, but leaving the cold winters behind should make up for it.

[70Degrees]

We just sold our house in Canada. We set an all-time record for our subdivision with the price we wanted. It was on the market for <2 weeks.

One of our neighbors sold their house before it even got listed, and at least three forsale-by-owners have sold on my street (of 40 houses) in the last month. One of which apparently had a bidding war.

We're about an hour west of Toronto in a town of 100k and all of this activity was in the ~$500k range.

The market is very active but it doesn't feel like a bubble yet. While prices are strong, they haven't started to go up really fast (more like just holding strong) and we aren't seeing lots of speculation or a ton of new building.

We're taking advantage of our strong market here and our par dollar to move to the San Diego area. I have to say we're nervous about leaving the "socialist" health care behind, but leaving the cold winters behind should make up for it.

[Author]

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