Canada Housing Market Is 63% Overvalued: Deutsche Bank

MHz

MHz

Time Out
Mar 16, 2007
41,030
43
48
Red Deer AB
Tumbler Ridge was for sale in whole at one time, after the bust of course, before that they were 200% overvalued but the company was paid that to build them for the workers that were to come in. If you want a good look at how the West still runs Company Town that would be the perfect example. Whoops forgot who this reply is to.
 
Kreskin

Kreskin

Doctor of Thinkology
Feb 23, 2006
21,155
149
63
No way. You can still get a rancher in Fort Mac for less than 900G. Get in while you still can!
 
MHz

MHz

Time Out
Mar 16, 2007
41,030
43
48
Red Deer AB
Ft Mac is heavy oil. NG is going to be the mode then your car engine will get filled up and applied to the NG on your home account. Anything that moves neeeds grease, turning grease into gas is really expensive and rather stupid in that we are overflowing with gasoline as it is. Gas should be injected into jet and diesel engines when 'under load'.
He is right though, the boom is yet to come as the value in the area is not in the grease components as they allow for machines big enough to move the water-proofed gritty-sand into commercial production wher it is sold by the ton as road repair material as well as occasional road erosion control and as a free salt barrier applied at tire-shops which is actually a grip compound that is meant to all fall off within a few months an it comes off it bigger pieces when bigger bumps are encountered.
Now that 900G is 90,000G in 10 years.
 
S

Sal

Hall of Fame Member
Sep 29, 2007
17,135
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48
B00Mer said:
...and there is one born every day. ;)
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yup...they are called renters

B00Mer said:


Wait till this spring. :)
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hm I smell some investment property perhaps...it's all good
 
S

Sal

Hall of Fame Member
Sep 29, 2007
17,135
33
48
B00Mer said:
Of course, what demand is there for a home in Winnipeg or Regina, vs Calgary or Vancouver..

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here out east the market is pretty stable, we haven't seen massive jumps in real estate...it's just a normal regular climb
 
JLM

JLM

Hall of Fame Member
Nov 27, 2008
75,301
548
113
Vernon, B.C.
That is putting it very mildly. It wasn't that long ago you could own a 'palace' for $10,000.:)

B00Mer said:
Of course, what demand is there for a home in Winnipeg or Regina, vs Calgary or Vancouver..

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Click to expand...

IF you want to live in Regina or Winnipeg, I'd say the demand would be higher than Calgary or Vancouver. Vancouver would be the last f*(*(g place I'd want to live!:)
 
damngrumpy

damngrumpy

Executive Branch Member
Mar 16, 2005
9,949
21
38
kelowna bc
Where you live and the price range of housing will determine the depth of the tank
but it will feature hardship for most as many people are under financed in this area
anyway, Makes me glad i don't have a mortgage anyway. The housing market is of
course heading for a massive correction. Alberta will feel it oil going down and the
housing boom will dry up in the not too distant future. The east will have its own
set of problems.
There are people who don't like the words of reality and post little red checks but
that will not change the grim future for some. Remember we heard our economy is
so much better than the rest of the industrialized world? We are about to find out.
If this economy, resource wise or by virtue of a housing bubble collapse we will see
that was pure myth. I don't want a collapse anymore than anyone else but that isn't
going to stop it from happening how bad is a mere guess at this point
 
L

Ludlow

Hall of Fame Member
Jun 7, 2014
13,588
0
36
wherever i sit down my ars
Material, labor, overhead and a reasonable profit are what something is worth. The insatiable appetites of the sellers is what determines the cost of something. Worth and cost are two different things.
 
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