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

[Snarkhund]

there was like 2 months where things dipped. But otherwise we've been up for awhile. i got 5 houses in Ontario and each went up like gangbusters after Bank of Canada cut rates by 150 basis points.

It's a boom time for sure real estate-wise.

Its been average 2.9% "appreciation" each month for the last year here.

 

[Fain]

Fain another poster appears to confirm my statements in the quoted post below, from post 35 on page 4.

"there was like 2 months where things dipped. But otherwise we've been up for awhile. i got 5 houses in Ontario and each went up like gangbusters after Bank of Canada cut rates by 150 basis points.

It's a boom time for sure real estate-wise."

He owns property in the area so will know the market better than anyone. For me this is the evidence I require to verify that my observation that there was a dip in availability or price during the Coronavirus is correct and that the market has improved since then. This is all I have claimed.

some availability might have been hurt at the start due to Risk premiums and qualifying at banks. Once these 150 basis points at Bank of Canada worked itself down to the mortgage rates at the bank level, it was craz.

on the one hand, i had months where NO tenant paid me. On the other, the rate cut helped prices a ton.