Editor's Edition: When will Canadian real estate finally slow down?



It’s been a record year for Canadian real estate for prices and sales and buyers hoping to get a foot into the market are wondering when they’ll finally get a chance. We’ve been getting monthly updates from the ground floor from Realosophy Realty’s John Pasalis and Oakwyn Realty’s Steve Saretsky, who help make sense of it all, with advice for anyone buying or selling a home. Also See: The latest real estate news for housing prices, mortgage rates, markets, luxury properties and more at Yahoo Finance Canada. They told us where they think Greater Toronto Area and Vancouver housing markets seem to be headed in the coming year. They also answered your questions about builders wanting more money, renovations, the rental market, and reverse mortgages. If you have questions, email them to jessybains@yahoofinance.com and John or Steve will answer them on the next episode. Jessy Bains is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jessysbains

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22 comments

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  3. We are competing with each other in stupidity really at these prices and demand. Who says the gold rush is over. It's a land rush. Many winners and many losers having to buy at these prices. The government wants some more profit from it by taxing inappropriately. Probably ever more and more losers going forward.

  4. Either three things have to happen
    1) rent prices will hike by 15-25% in the next 1-2 years to match hike in price houses
    2) home prices will decline
    3) home prices flatline for a while and rent slowly creeps up

    Scenario one is least likely to happen.

  5. When the government stops the money printing. And when we stop having more investors than first time homebuyers. You guessed it right neither will happen.

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