Housing Prices in Free Fall as Day of The Rake Inches Closer

>>139117013

Good. Fuck this frozen shithole and everything in it.

>>139117013
Chinese rich fucks btfo

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>>139117304
yup. they took quite the cut this year.

>>139117013
That's because they put reasonable restrictions on house purchases and sales.........

We're in a massive massive bubble

>>139117452
there are many more factors than that. this drop is not commensurate with the restrictions. this is beyond all proportion to what we expected.

>>139117013
good it will be nice to watch those chinks and hindus fucking bleed money. i am glad my shits all paid off and work is stable and safe

>>139117013
this has the stink of a bear trap
> world economy still growing
> isolated to one city
> not affecting the center (Chinkcouver)
the bubble has a while more to go before it bursts

>>139117855
>the bubble has a while more to go before it bursts

...And prices are already falling. Bigly.

Vancouver is an anonomaly since it is used to launder and store money. They will always have problems so long as canada stays hooked on dirty cash.

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>>139117013
NAFTA is ending. Housing markets crashing. Shits gonna crash

>>139117574
>this is beyond all proportion to what we expected.

Not really. Long term trend line will revert to historical norms. This is very, very standard end-of-bubble behavior. It's just going a bit faster than expected because Canada's house price bubble has been so extreme.

>>139118630
>Canada's house price bubble

'the new normal'

>>139117013

Piss off.

Just because you can buy a 3000sq/ft home on eBay in your hometown for $20,000, no need to be so insecure. I'm sure things will rebound any minute now...lol

We'll be OK. No need to worry too much about it.

>>139118709
>'the new normal'

Everyone talks their book. Either this bizarre aberration on a global and historical level is truly unique and special, or else it's another of the hundreds of examples of this same phenomenon. I know where I'm putting my money. That being said, Hongcouver could well last at least until interest rates start approaching historical norms again, but an eventual across-the-board 50% price decline is essentially baked in at this point. Probably 65% peak-to-trough before it bounces back up to historical norms again.

>>139118944
>Either this bizarre aberration on a global and historical level is truly unique and special,

I would said that technology and the credit of a billion chinese and their gaining access to a naive country of 35 million are historically new factors.

>>139119177

Certainly possible - spoilers do arise. Got to make your own best guesses and lay your money down. We'll see where the ball lands.

>>139119177
there is some truth to that, we do not know how the investing atmosphere will affect the housing market. It is different than a bunch of owners that can pretty much make their payments. You have chinese investors with lots of properties and minorities that are given preferential lending in order to become first time home buyers. Looks like a culmination of a housing crisis to me. Best part will be the "racist" gov for all the foreclosures on minorities that cannot pay.

>>139119353
I'm like a hobbit I hate novelty or adventure. I just want my dividends and not to have to factor in the chinese or the carbon tax or the sjws or diversity quotas. guessing is torture for me haha

>>139117304
More like rich Chinks all Gtfo, and leafs are left holding the bag. Xi is tightening his grip, and busting all the foreign nest eggs held by greedy officials.

>>139119454
>Best part will be the "racist" gov for all the foreclosures on minorities that cannot pay.

Can't wait to hear the shit they'll come out with

>Dey White Man Be Trickin Us inta Crown Debt to enslave us mon. Rise up.

Warning: The liberals passed a new law , your cash in the bank now is not a deposit you own. You're merely nw an uninsured creditor loaning your money to the bank. If banks need a bailout they confiscated your chequing accounts.

Going to need more houses to put Immigrant Communities fleeing America in, leaf. Day of the rake soon!

>>139118944
>interest rates mattering to people who buy everything with cash

>>139119665
ahh pidgin headlines I cannot wait

>>139119687
Bullshit. Then why put money in bank? Libs are retarded but banks usually are not. Banks tell politicians what to do.

>>139117013
Lel I saw /biz/ predicting this months ago. Too bad this won't happen here.

>>139119883
>Then why put money in bank?
most people don't know about the new bail-in provisions nor will they ever.

>>139117013
I just closed a sale on my Coquitlam condo forn $714,000. I listed it forn $689,800 and I literally had my buyer call my agent five minutes after he had it listed. They came and viewed it an hour and a half later. Twenty four hours later we had signed the paperwork and the sale was official... Conditions were removed two weeks ago.

I have a bid on a house in Port Coquitlam. The houses value dropped $100k from when they tried to sell it last year. I'll have more than 20% in with considerable capital left in my account afterward.

In the Vancouver area, condos and townhouses are going through the roof while houses are dropping at varying levels.

Toronto is definitely fucked, but Toronto is not the entire country.

>canada starts taking unwanted nigs from america
>house prices drop

Canada wants to nig up Vancouver.

>>139118087
Vancouver is also hit by a mix of population growth, lack of supply in family sized dwellings and geography. The ocean, rivers, mountains and border really restrict where you can live... The only way to expand is easy. The further you go in that direction, the cheaper property is... And the commute is much longer. So that will guarantee that prices will remain quite high for a while yet.

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>>139119776
the bbc's doin it. it's not long before the CBC finds out there is someone more pathetic and ups their game

>>139120439
its a race to the bottom of language itself. God help us all

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>>139117013
COMING SOON TO AMERICA

>>139119883
Its not bullshit its part of the new Bail-in provisions done by liberals if a 2008 crash happens again.

>>139117574
yea this is how it works. in a normal market a small change in regulations means a small change in prices. in a bubble a small change in anything means a collapse in prices.

Montrealer in Toronto here
Why are people so brown and your women so... average?

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>>139120511

and not the fun musical UB40 kind

https://www.youtube.com/watch?v=vUdloUqZa7w

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>>139120029
Actually... I don't just have a bid on a place in PoCo, it was accepted and conditions will be removed on Wednesday if I accept the findings of the inspector. Pic related was listed at $829k, I threw $845k at them to just give me the place and ignore other bids.

We had viewed other homes that started at $875k and they were utter shit. One of them sold the next day forn $920k.

I think I did pretty well, desu. Depending on what the inspector finds, I'll have anywhere from $170k to $225k for a down payment.

>>139120759
you're ballin. great anecdote.

>>139117855
What is a bear trap?

>>139121362
I got pretty lucky with the timing.

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>>139117013

>>139117013
https://twitter.com/B911Nature/status/901455939093581824

Reinforced cardboard, USA quality? Fuck that crap!

>>139117190
The night King lives here.