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Canada’s housing hangover: Real estate boom, meet dot-com crash

Posted on 03 January 2013

Housing market, meet the stock market. You two have a lot in common, though plenty of people believe you’re worlds apart. They think the housing market is a very smart place to invest, while stocks are treacherous. They’re half right. Stocks do have a nasty side, but so does residential real estate.
We may be seeing it emerge in the latest resale housing numbers. Sales across Canada fell 12 per cent on a year-over-year basis in November, and prices dipped almost 1 per cent. Vancouver sales were down 29 per cent, and prices fell 1.7 per cent; Toronto sales fell 16 per cent, while prices moved 1.6 per cent higher………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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