...And there appears to be plenty of room for this to fall further...
>The Canadian Real Estate Association says home sales in June posted their largest monthly drop since 2010, with the Greater Toronto market leading the decline.
This is the third monthly decline in a row... Expect more.
http://www.zerohedge.com/news/2017-07-17/canadian-home-sales-crash-june
There is alot of room for downwards home price adjustment and many factors which will drive prices down.
>>133958159
It's down 6.7% in June. How is that "crash hard", sensationalist twats. I was just reading the housing crash freak out on zerohedge too.
The only real concern is the knobs that mortgaged their house up to 80%.
Enjoy your number bursting. If I had to guess I'd say your homes up there are way over-valued.
Haven't you had problems with a lot of Asians coming in and buying up properties for investment purposes and not living in them?
>>133960881
I meant "bubble" instead of "number".
Not sure it autocorrected that way...
>>133958159
huffpo pushes this like crazy too; no idea why, I pride myself in my ignorance of housing and finance scams, you know, "The Economy".
>>133960881
Yes, the money is coming from China. As long as the Chinese economy is doing good, there is no worries about housing crashes in Canada.
>>133961142
>there is no worries about housing crashes in Canada.
March (916K avg), April (920K), May (863K, -6.2%), June (794K, -8%), August (rumoured sub 700K)
Top kek are you high on marijuana