Comments on: 2009. Look out below.

By: X

Mon, 27 Jul 2009 20:47:52 +0000

The best part of the internet is the accessibility of predictions after the fact.

I just want to weigh in for Calgary:

Dec 2008 Average/Median = 417,398 380,000
June 2009 Average/Median = 447,142 399,000

Predicted: Calgary, KOA 2009 projected change: -15%

Actual = +7% +5%

By: Riz

Riz — Mon, 26 Jan 2009 18:33:16 +0000

There were times when mortgage rates were 18% and banks had lots of playing ground , now the house prices are gone so high that if bank increase a little bit of interest housing market starts slipping.
To keep the banking systems working for “Their” benefit they have to raise the interests but that is not possible to do if the house prices remain same ( people can not afford high interests )
Bottom line …our financial system wants the house prices to come down again and it will be at least at the 10 years ago level… very soon.

By: malik

malik — Mon, 26 Jan 2009 16:26:38 +0000

Hi Garth,

I really like this website, and I would like your opinion, on a good time to buy the property in 2009 in Mississauga(GTA area),since there has been no significant price reduction,but the sales are down 56%. Any help would be appriciated.

By: JL

JL — Wed, 07 Jan 2009 04:31:52 +0000

1) I am looking for info on the Ottawa market. Any suggestions?

2) Any idea how to access the public listing of sold houses in Ontario (i.e. not through an agent)?

Thanks

By: Mike

Mike — Tue, 30 Dec 2008 13:05:15 +0000

#129 Peter Piper

FM Wages. 41.52-47/ Hourly.

They sound high, but in fact, that’s 1/2 of what they were 2 years ago! An Electrician in Calgary 1-2 years ago made close to $90/Hour and the Union was asking for $100/hour early 08.

Who would move up to Fort Mac at 50% off wages of $40 hour? Please. We make more in Calgary at the same jobs.

Mike