Home sales edged up 1.3 % from February to March 2018.
Actual activity was down 22.7% (March17-March18).
The number of newly listed homes rose 3.3% in March.
The Aggregate Composite MLS® HPI rose 4.6% y-o-y in March 2018. This was the 11th consecutive deceleration in y-o-y gains, continuing a trend that began last spring. It was also the smallest y-o-y increase since December 2013.
The actual national average price for homes sold in March 2018 was just over $491,000, down 10.4% from one year earlier.
The national average price is heavily skewed by sales in the GVA and GTA, two of Canada’s most active and expensive markets. Excluding these two markets from calculations cuts almost $108,000 from the national average price, reducing it to $383,000 and trimming the y-o-y decline to just 2%.
Brainlet here, when should I buy a house in calgary
Zachary Nelson
sauce
Hudson Adams
who else here comfy in their 20s, waiting for this shit housing market to collapse so we can scoop up some tasty $30k houses. Rent em out, get rich off the next housing boom. We are fucking blessed lads. SK here
Angel Hughes
sauce on milkies
Carter Campbell
need a source
Samuel Sullivan
right?
Benjamin Howard
In english, doc! what does it mean? bubble pop when?
Ethan Powell
Can someone comment on the Calgary market in general. I have about 250K cash and 500K in housing/business equity and am interested in purchasing a business in Calgary. Probably going to be looking at liquor stores or retirement homes.
I don't know man, all I can look at are those hips. You'll never get a response if you keep this up.
Luke Scott
>SK here Me too, lad. Regina is going to get fucked, and I cannot wait.
Alexander Martinez
Why the fuck would you want to live in regina
Adrian Lee
she gavbe me a bonner
Logan Baker
30K? Moncton isn't in a bubble.
Jason Lopez
Bubble already popped mate.
>Actual activity was down 22.7% (March17-March18).
Fucked thing is price is still fucking going up
>The Aggregate Composite MLS® HPI rose 4.6% y-o-y in March 2018. This was the 11th consecutive deceleration in y-o-y gains, continuing a trend that began last spring. It was also the smallest y-o-y increase since December 2013.
If sales don't pick up in the summer I think we will see a collapse in prices. Either that or black swan event in America will collapse out market.
Wait until Vancouver starts publishing articles about condos costing the same as detached being OK because it's a lifestyle choice. The cognitive dissonance will unravel the market and the feds will start killing the larger economy to prop up the sector. Everything will crash at once by 2021 to take advantage of bail in policies.
Wyatt James
Kek, at fellow millennials who are buying into this brain washing and purchasing 500sqft condos for 500K.
When will ontario housing collapse? I wanna use my gains to buy a cheap house in my degenerate province (currently renting).
Connor Reed
>implying I have to live in regina to own property there Hmmmm. I'm in the caf so I don't really have much say in where I live, anyway. However, my family lives in Regina, as does my SO's family. We're both very family oriented, so it seems natural to stay near family. Living in a small town is our ideal, though. Not everyone wants to live in chinkcouver or muzzytario, friendo.
Brayden Clark
Come to Alberta we still hate sandniggers
Mason Kelly
OP, I'll give you a good source for CAN real estate info unlike these thirsty fags.
>The national average price is heavily skewed by sales in the GVA and GTA Even further skewed by sales in Toronto core I'm sure where prices are still increasing ludicrously.
Gabriel Stewart
MOAR!!!!!!!!!!!!
Gavin Jenkins
goodness gracious
Lucas Flores
Ain't happening for a while, friend. But, hey, at least we'll have legal kush to pass away the time in our small $1500 monthly studio apartments, eh?
James Mitchell
the usual hippie, there is no work in BC
Juan Smith
Not Canadian, but I'm doing the same here in the US. The shit that's going on in Canada and Australia is fucking insane and you don't have to know much about Real Estate to know shit is going to hit the fan soon. Save up your money and pay straight cash once the brainlets lose everything in the next 5 years. You'll probably be able to buy the same property for half the price at least.
Carter Myers
What do you think about NS housing? It seems to be pretty steady and theres no shortage of people looking to rent here.
Jackson Hughes
Are you nuts?? Can make millions in BC with a weed startup right now...
Nicholas Morris
I thought they were already pushing that narrative in Toronto and Vancouver. I remember them justifying stagnant detached home prices and rising townhouses and condos on "new lifestyle preferences." either way, I hope shit explodes while Trudeau's still in office so you guys can bring in a competent PM.
Camden Robinson
lol
Charles Martinez
I'm serious, dude, you don't even need any connections just literally draw up some basic plans for a grow op and go get the easiest funding of your life.
Caleb Turner
fat pussy yo
Chase James
Why don't brainlets understand the main driver pumping up Canadian housing market is CENTRAL BANKING?
Adrian Price
Andrew Scheer >He's just not ready
You do understand the overnight rate has increased from .50 to 1.25.
>tfw made a quarter million in crypto last year and it's still not enough to buy a house (or condo) in Toronto
I want chinks to LEAVE
Nolan Gutierrez
You underestimate how retarded people are. My ex girlfriend said she wanted to live in a Condo because living in a house and owning land comes with too much overhead responsibility.
Thomas Jenkins
gotdam thats a sexy white bitch
actually shes too sexy shes probably latina
William Hall
Why are kids these day so fucking against doing any work with there hands. House repairs are easy as fuck.
Have a friend in real estate working in Toronto, here's what happens >boomer puts house on market to move out of city >lists at $2 mil >chink wants house but doesn't want to go through legally obligated bidding war so offers $4 mil >sold >chink tears down house >builds it bigger >house is now back on market listed at $8 mil indefinitely
Caleb Scott
Are whores like pic related worth fucking?
Nathan Barnes
>GVA and GTA
For my state alone there are a quarter MILLION illegals taking up housing.
A lot of them are doing the work of putting up these ridiculous mansions... AND doing all the work skinning animals for meat and working in fields soaked in carcinogenic pesticides
These things are NOT in my interest. DJT please help kick these fucking idiots out of the country
This can't persist forever though. The average Canadian household is already up to it's eyes in debt and rates are beginning to rise. I'm sure there's already a bunch of """investors"""" underwater on their mortgages or having negative cash flow which is only going to get worse for them
fucking? yes user. talking to or a relationship? no user.
Christian Barnes
muh dick
Jaxson Bennett
You might be looking for a long wait. Only worst bubble areas come down quickly 20-40% from the tops. In japan the prices have been declining 30 years ;) If you hit great depression, raising rates and blummeting birth rates + raising property taxes you are not looking a new sub prime type lightning event, you are looking a long term painful and slow decline
Wait / move out of the city. I flipped a property last summer with my dad. bought for 320k put in laminate, new bathrooms, scraped popcorn off ceilings, new lighting, new kitchen, painted, tile ect.. sold for 480k spent 30k plus time.
That's a tough one man, the technical skills are easy and even with my dad I learn it most from reading the information manufactures give out. Whats hard to learn on your own is the dedication need and not being a bitch. When you rip everything out its scary AF because you cant see the finished product. Also its really easy to give up and leave shit half finished. Your going to have to teach yourself these skills.
Housing market will see another crash. Everything will crash because the stock market is going to pop later this year or next.
Christian Bell
what coin is this? seriously, though...this is a crypt0-oN1Y b0arD
Evan Stewart
No it does not work quite like that. You have multiple different places to park - gain and lose, equites, bonds, comms, housing and even crypto all are independent and peak/bottom on different times. Then housing is super local. Country side is usa under priced and cities are over priced. In europe too, capitals are over priced and other towns under priced and such. Gotta always read the situation independently
>Wait / move out of the city Yup. Exactly this. Got lucky buying a condo in Toronto 10 years ago and now I'm looking to own a property in a small town somewhere warmer by a beach.
If/when real estate bubble pops in our lifetime big city owners will get absolutely butt fucked.
Nicholas Morris
heard that in 2012, 2014... still waiting
Daniel Brooks
Low interest rates suppressed this.
2014 the bubble was about to burst then oil crashed. The drop in value of out dollar let chinks buy our real estate at 40% off. This gave false confidence to people like you who now say >heard that in 2012, 2014... still waiting You are about to be BTFO
Do you know if the North East/Southern New England area will be worth fuck-all for investing in? My master plan was to eventually diversify my btc into real estate and reading your post feels encouraging. I've been doing basic research, listening to podcasts, etc. It does seem like another crash is incoming just from the tone of the podcast faggots and such.
dont you get jealous looking at pics like this? some dude was probably recording this and probably fucked them all afterwards and we're left watching the pg13 shit with our cocks in our hands
Daniel Watson
Only beta males get jealous
Jayden Miller
Currently 6'4" 175lb skelly Jow Forums ensured me when I hit 1/2/3/4 I will be fucking all the tinder thots.
I have 40k saved up at 24. Will I ever be able to afford a home? Currently saving 2k a month while renting, half in HISA (no risk), half in a mutual fund.
Matthew Evans
fpbp
Joshua Garcia
do we though? There's more muzzies here every day. Every time I get groceries it's like 40% white.
Easton Martin
Not much longer after I hit 1/2/3/4 ( it was 155 / 245 / 345 / 435 ) I slipped a disc and developed retrolisthesis and nerve damage.
Just a piece of advice from an oldfag who's been there and done that. Don't push the numbers too much. If your aesthetics are developing just be happy with that because a bad back will quickly turn you into a skinnyfat slab of jelly
Austin Rodriguez
>pay straight cash How. You can't buy houses with cash, cuckerment will ask you were the cash came from.
Carson Carter
girls don't care about that shit, only dumb ass hoes do. Your boring personality is what holds you back
Juan Baker
Lifting helps but you actually have to go out and talk to girls and get comfortable to fuck thots. There's no reason you can't be fucking them right now.
Ryan Brooks
Which is why wagecucking is a fucking scam. Everything is in general if you aren't Chad. Your money will never be enough to cope with the fact that Chad fucked prime sluts for free during their prime. If I wasn't making enough money to NEET on the internet I would kms. Just fucking lol at wagecucking as a subChad holy fuck. Kys fucking commuting cucks.
Good advice. To be honest I would be happy with 1/2/2/3. At 6'4" with long femurs I'm already finding it hard to not get crushed under the bar squatting 2 plates.
