Billions in 'unknown' funds flowing into Canada's housing market [video]

[DarkTemplar]

Nobody thinks about low interest rate and how it could affect the market? Why looks for foreign reasons when local investors buy EVERYTHING, literally EVERYTHING?
I guess foreign investors add to the pile but by far is not the main reason of this crazy bullish market.

 

[morganist]

The fuck? Housing in Canada is up something like 20% YOY. Where are you looking in Canada?

Yeah it was during the Coronavirus, I did say it was a factor. It looks like the market has returned to normality since.

 

[tsznecki]

Yeah it was during the Coronavirus, I did say it was a factor. It looks like the market has returned to normality since.

No this is what you said:

https://www.elitetrader.com/et/posts/5430431

I just had another look at the market, it has improved it must have been down to the Coronavirus. So your story may well be true.

Coronavirus broke out in the West in March 2020, how did you just have a look back into March 2020? That was the only time housing prices have dropped since the start of 2020. You have been caught blatantly lying.

Also, we are still dealing with the Coronavirus globally. This is not "during" and you as a native English speaker it would not be a poor choice of words due to a second language.

Full stop. You are full of shit.

 

[morganist]

No this is what you said:

https://www.elitetrader.com/et/posts/5430431



Coronavirus broke out in the West in March 2020, how did you just have a look back into March 2020? That was the only time housing prices have dropped since the start of 2020. You have been caught blatantly lying.

Also, we are still dealing with the Coronavirus globally. This is not "during" and you as a native English speaker it would not be a poor choice of words due to a second language.

Full stop. You are full of shit.

You are confusing what I was saying. I had a look at the market back when the Coronavirus started and ensued. Back then the market was flat and not much was available. I have since looked at the market recently and it seems to have returned to high interest and a greater availability of housing. So my comments are accurate for the times I specified. All I was saying was there was a lack of availability duirng the Coronavirus, that has ended.

 

[morganist]

No this is what you said:

https://www.elitetrader.com/et/posts/5430431



Coronavirus broke out in the West in March 2020, how did you just have a look back into March 2020? That was the only time housing prices have dropped since the start of 2020. You have been caught blatantly lying.

Also, we are still dealing with the Coronavirus globally. This is not "during" and you as a native English speaker it would not be a poor choice of words due to a second language.

Full stop. You are full of shit.

The market has recovered since the lockdown has ended. There was definitely a lack of availability during the lockdown.

 

[tsznecki]

You are confusing what I was saying. I had a look at the market back when the Coronavirus started and ensued. Back then the market was flat and not much was available. I have since looked at the market recently and it seems to have returned to high interest and a greater availability of housing. So my comments are accurate for the times I specified. All I was saying was there was a lack of availability duirng the Coronavirus, that has ended.

From CREA: https://creastats.crea.ca/en-CA/

During Q2 2020 Canadian housing prices fell. It was clearly not flat. If you truly looked at the Canadian housing market that would have been the best time to buy.

This is what you said:

https://www.elitetrader.com/et/posts/5430428

I had a look at property in Canada about a year ago and there wasn't a single decent property available for a foreign investor. The market has already been beyond cornered, unless it was Coronavirus caused issue.

You have problems finding a property during a price drop? Bullshit. From CREA there were less listings, but not zero listings.

Don't try to obfuscate by using "availability", everyone knows the term is "listings".

Your comments are not accurate. I reiterate, you are full of shit.

 

[morganist]

From CREA: https://creastats.crea.ca/en-CA/

During Q2 2020 Canadian housing prices fell. It was clearly not flat. If you truly looked at the Canadian housing market that would have been the best time to buy.

This is what you said:

https://www.elitetrader.com/et/posts/5430428



You have problems finding a property during a price drop? Bullshit. From CREA there were less listings, but not zero listings.

Don't try to obfuscate by using "availability", everyone knows the term is "listings".

Your comments are not accurate. I reiterate, you are full of shit.

Your statements specify that my claims were accurate but you are unhappy with my terminology. To satisfy you I say that the listings a year ago were not very numerous and most of the properties were inappropriate for foreign investors at the time, although the prices might have been better depending on the exchange rate for that particular country.

 

[tsznecki]

Your statements specify that my claims were accurate but you are unhappy with my terminology. To satisfy you I say that the listings a year ago were not very numerous and most of the properties were inappropriate for foreign investors at the time, although the prices might have been better depending on the exchange rate for that particular country.

Over the last 2 posts in this thread that I have replied to you, I lambast your claims in this thread. Nothing has changed that. Now because you state that I state that your claims are accurate that somehow makes your claims accurate?

You are a special type of Dunning Kruger. Just because you say something is so does not make it so.

Let's see your bullshit again:

You are confusing what I was saying. I had a look at the market back when the Coronavirus started and ensued. Back then the market was flat and not much was available.

From CREA: https://creastats.crea.ca/en-CA/

During Q2 2020 Canadian housing prices fell. It was clearly not flat. If you truly looked at the Canadian housing market that would have been the best time to buy.

You claimed the market was flat, it clearly wasn't flat. The Canadian housing market dropping in price is a fact, it is not opinion. You are wrong, plain and simple.

Send me a link to your academic papers, I'll print it out and use it as toilet paper.

 

[Overnight]

...

Send me a link to your academic papers, I'll print it out and use it as toilet paper.

Pensions dude. He saved the UK economy as they went through Brexit because...pensions.

 

[morganist]

Over the last 2 posts in this thread that I have replied to you, I lambast your claims in this thread. Nothing has changed that. Now because you state that I state that your claims are accurate that somehow makes your claims accurate?

You are a special type of Dunning Kruger. Just because you say something is so does not make it so.

Let's see your bullshit again:



From CREA: https://creastats.crea.ca/en-CA/

During Q2 2020 Canadian housing prices fell. It was clearly not flat. If you truly looked at the Canadian housing market that would have been the best time to buy.

You claimed the market was flat, it clearly wasn't flat. The Canadian housing market dropping in price is a fact, it is not opinion. You are wrong, plain and simple.

Send me a link to your academic papers, I'll print it out and use it as toilet paper.

You have misread my posts. Then the claims you made supported what I was saying because you misread my statements. This has nothing to do with my macroeconomic work.