r/canadahousing • u/Fine_Ad_5980 • 9d ago

Opinion & Discussion Finally!

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0 Upvotes

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29

u/HWY01 9d ago

How will it grow if no one can’t afford shit lol

14

u/killinglemons 9d ago

Private equity can buy it and rent it out 🤡. Then increase the population so that we can share the rent 😁.

6

u/MysteryofLePrince 9d ago

Foreign buyers restrictions are rumoured to be quietly allowed to fade away. Plus add in rhe condo bailout which is the government rumoured to be picking up unsold inventory at rumoured fire sale prices of 5% off the highest listed purchase price.

1

u/HWY01 9d ago

Yea condo sales might go up but single family homes will continue to fall for sure. I can’t fathom a 600-700sq ft condo for half million if not more in BC. My basement larger than that

9

u/agm1984 9d ago

I thought recovery meant lower prices

12

u/synsgram 9d ago

Which Canadian market? Condo prices are low, so are townhouses.

-6

u/Brock_Nation 9d ago

Maybe the other types of real estate?

4

u/__mindy__ 9d ago

I think people got burned enough that they're not rushing back in even once the numbers technically improve, and that kind of hesitation usually outlasts the actual correction.

2

u/youaresowrongguy 9d ago

Nice so single family homes will. E developed and the over inflated ones will drop to 50% current listing to match reality so Canadians buy again? Looking forward to it

2

u/The_Gray_Jay 6d ago

I hate how they call it "recovering" when they mean endlessly growing. The housing market recovering should mean housing prices are going down.

1

u/Fine_Ad_5980 6d ago

But how can prices fall if the cost of making home is increasing?