Comments on: Media release

By: Downsized and Delighted

Downsized and Delighted — Sun, 28 Sep 2008 18:26:26 +0000

kc 41: I am probably alot older than you, but I can remember past markets where I wondered “who is going to rent all the commercial office space being built in Mississauga town centre at $20.00 per ft?” Because I was young, I assumed the pros knew better. But it turned out the answer was NOBODY, and that market fell into the dumpster (1990). It didn’t really recover until 2002. So…….your observations about the current market are absolutely right. If brokers/agents are pushing you to over-leverage, they are doing it to everyone else also. Everyone is leveraged to the max here in Canada also. Good for you for not buying into the hype. Mortage brokers don’t care if you have to give up your life to own a house – and neither do real estate agents.

One thing I have observed about the current market is that younger people are entering into it than in the past.
That makes for a busy market now, but it also borrows from the future and adds fuel to the fire of any slowdowns in the market.

By: Rasputin

Rasputin — Sat, 27 Sep 2008 02:17:09 +0000

MMMM. All this talk of boiled gophers is making me hungry! Seriously this sure looks like the start of something very big and very bad. House prices may end up being our smallest concern. On the bright side, here in Alberta, we do have lots of gophers. At least we will eat this winter.

By: smwhite

smwhite — Fri, 26 Sep 2008 14:43:51 +0000

#87 David, thats a beauty!

- Albertans are worth more than whom? In the 1930â€™s Albertans were boiling gophers for food. What is the point of picking on certain regions of Canada? -

Nobody in the west was crying when Windsor and Oshawa were pumping out automobiles at break-neck speed in the 50′s and carrying the ENTIRE Canadian economy, the real “Canadians” are showing their colors aren’t you?

Islander, there are three types in this world, there are the sheep, the wolfs, and the big fluffy sheep dogs, that protect the herd and ward off the wolves….

Your a wolf that has apparently stuck his head up in a blog full of sheep dogs, go away. People like you are a black spot on the RE industry.

ITS YOUR JOB TO BE PROFESSIONAL AND ADVISE YOUR CLIENTS IN A MATTER THAT SUITS THEIR NEEDS, NOT YOUR OWN YOU ASS. ITS NOT BUYER BEWARE. THAT’S WHY THEY GO TO YOU, ISN’T THAT RIGHT? YOU KNOW YOUR INDUSTRY AND ITS BENEFITS AND PITFALLS?

Goes double for the banking and investment industry, not everyone has the want or ability to spend hours a day going through statistics and new releases, they use EXPERTS as a proxy, that’s why you get a commission.

Put your money where your mouth is Mr. Islander Real Estate, so the people in your community know who to avoid. If you stand by your name and your words, tell us, who are you and who do you work for?

I know you won’t because your just an ass-mouth with nothing to back up your shit talk.

Your industry and the financial industry are going to go through a metamorphose and you stinking attitudes of self entitlement will be history.

PS Take a peak south of the border to see your fate…

By: Cave Spot

Cave Spot — Fri, 26 Sep 2008 11:13:02 +0000

Many people are quickly becoming aware of the housing slowdown in Canada. A 9.4% drop in average prices and a 6.4% drop in median prices for August 2008 (compared to August 2007) in Milton is a bit of a shock.

http://www.omdreb.on.ca/News/Files/Sept%20Milton.pdf