Have you noticed a decline in housing prices in your area?

[CBC News]

Canada's housing industry showed more signs of softening amid reports of easing summer construction starts and slowing price increases for new homes.
Canada Mortgage and Housing Corp. said Monday that the seasonally adjusted annual rate of housing starts in July was 186,500 units, down from 215,900 in June.
Meanwhile, Statistics Canada also reported Monday that new housing prices in June increased at their slowest pace in over six years. That continued a slowdown that started in September 2006, the federal government agency said.
The June decline reflected a softening housing market in Western Canada, Statistics Canada said.

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Have you noticed a decline in housing prices in your area?



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[Avro]

Yes, I have, I think I'll buy a couple.

 

[Scott Free]

Yes, I have, I think I'll buy a couple.

You probably will get the chance if we follow the US lead unfortunately that will mean only that you'll get to pay for them not own them.

 

[eh1eh]

Housing prices are holding on nicely here in the evil east. Even with the GM holocaust. Of course we didn't have the boom of the west so we don't really have anywhere to fall.

I have a friend leaving Ft. McMoney to get away from a big fat mortgage. She will return here and have half the mortgage on the same house and will not be in the boonies. Rather just a half hour or so from downtown Toronto.

Go figure. There's a bubble to burst out west just like the States. Sub prime + over priced houses = burst bubble. I hope people out west don't end up like so many Americans.

 

[Avro]

You probably will get the chance if we follow the US lead unfortunately that will mean only that you'll get to pay for them not own them.

Not if I pay cash like I always do.

 

[eh1eh]

Not if I pay cash like I always do.

You should always use other peoples money. What if you go 'tits up'? Why loose your money? If you have that much capital get it into something that pays dividends.

 

[Scott Free]

Not if I pay cash like I always do.

A tax free income that allows you to buy houses; why Avro, whatever are you up to?

 

[Avro]

A tax free income that allows you to buy houses; why Avro, whatever are you up to?

Tax free? I plenty of tax.

I have been very smart and lucky with my money so never you mind.

 

[Scott Free]

Tax free? I plenty of tax.

OK, I thought for a minute I might be talking to a 300lb biker named Animal :lol:

Paying taxes was what I meant in that the US government is bailing out two huge banks and I suspect that will end up happening here too. I don't see why tax payers should be bailing out banks.

I have been very smart and lucky with my money so never you mind.

Glad to hear it.

 

[Avro]

I don't like tax dollars bailing out banks but I don't want banks collapsing either. So I'd approve a bailout to save banks in general.