Canadian Housing Market General

[Anonymous No.9493351]

https://www.crea.ca/housing-market-stats/stats/

>National home sales via Canadian MLS® Systems declined by 2.9% in April 2018 to the lowest level in more than five years. About 60% of all local housing markets reported fewer sales, led by the Fraser Valley, Calgary, Ottawa and Montreal.

>Actual (not seasonally adjusted) activity was down 13.9% compared to April of last year and hit a seven-year low for the month. It also stood 6.9% below the 10-year average for the month.

>The number of newly listed homes declined 4.8% in April. Having reached a nine-year low for the month, new listings stood 12% below the 10-year monthly moving average.

>The actual (not seasonally adjusted) national average price for homes sold in April 2018 was just over $495,000, down 11.3% from one year earlier.

[Anonymous No.9493362]

>>9493351
national doesnt matter, ontario (gta) and bc housing markets is what matters

[Anonymous No.9493369]

>“This year’s new stress test has lowered sales activity and destabilized market balance for housing markets in Alberta, Saskatchewan and Newfoundland and Labrador Provinces. This is exactly the type of collateral damage that CREA warned the government about.”

kek, Realtors are fucking retarded

[Anonymous No.9493430]

>>9493362
>The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,579 in April 2018, a 27.4 per cent decrease from the 3,553 sales recorded in April 2017, and a 2.5 per cent increase compared to March 2018 when 2,517 homes sold.

[Anonymous No.9493443]

>>9493362
>Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,792 sales through TREB's MLS® System in April 2018. The average selling price was $804,584. On a year-over-year basis, sales were down by 32.1 per cent and the average selling price was down by 12.4 per cent.

[Anonymous No.9493563]

bump

[Anonymous No.9493650]

About goddamn time.

You know ive seen regular house crash threads for 4 years now on biz?

[Anonymous No.9493684]

>>9493650
I've been waiting since 2016 when Home Capital almost collapsed.

I think the US stock market black swanning is going to pop us hard.

[Anonymous No.9493727]

What do you guys think about the maritimes? I'm out here in NS and we have so many people from BC and ontario moving over. It seems to be a spreading sentiment that the maritimes is the place to be because it's so much more affordable

[Anonymous No.9493736]

>>9493351
i'll bet her nipples look like star crunches

[Anonymous No.9493739]

so fucking comfy, just stacking crypto and waiting for my opportunity to buy up cheap houses and rent them out to broke boomers. we'll be looking at 1990s prices soon. shoutout to my SK natives

[Anonymous No.9493810]

>>9493739
You think that will yield better returns than just holding onto bitcoin? I have about 40BTC and plan to just hold and purchase properties with my wage cuck dollars.

[Anonymous No.9493848]

>>9493739

So ready

[Anonymous No.9493880]

European house crssh fucking when?!

>House asking price €210000
>Bid €250000
>Sells for €310000

The fuck is this retarded shit. This way I'll never get out of the rent money pit.

[Anonymous No.9493960]

>>9493351
inb4 cascading collapse.

Hope you guys got cash ready. Houses and bank stocks are going to be on heavy discounts.

[Anonymous No.9493986]

>>9493960

>investing in stocks

[Anonymous No.9494211]

>>9493430
>Greater Vancouver
>>9493443
>Greater Toronto Area
pointless

[Anonymous No.9494213]

bump

[Anonymous No.9494240]

>>9493986
ok, keep throwing your money at net-negative assets.