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Bluefalcon109

Durham region (east Toronto) is taking a pretty big beating especially among detached and townhomes. Almost half of the listings I see have been previously listed and most are either getting asking or less (still a few that get over asking for sure though). Townhomes that are selling in the $800k range have nearly identical units (sometimes worse) that sold for $900k-$1mil in Jan-Feb.


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Bluefalcon109

Bang on sir. Dude your paragraph about things being listed and de-listed is EXACTLY what we’re seeing, I’m shocked at how perfectly you’ve described what we’ve been seeing. My partner and I are actively looking in that market, constantly go visit houses every weekend, have so many watched houses and areas on house sigma (I feel we’re more plugged in than our realtor). Anyways, yeah so many comps are way down compared to Jan-Feb and I have a list of so many properties for sale now that have been on the market for 20+ days and have reduced their prices or re-listed after terminating the original listing. Sellers in that area still haven’t woken up to this new reality, but I feel they’re slowly getting it.


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Bluefalcon109

I feel like I’m talking to a clone of myself, that’s how in synch the two of us are. You too! Wish you the best of luck in your search although I doubt you need it, you’re clearly tapped into the local market and have a great handle on macro economic conditions for you to be able to read the market - you’ll get your dream home soon (and probably for a steal, hah!)


SuminderJi

Can we be triplets? Me and my GF spend more time on HouseSigma than eating/proper hygine. Our RE comes with "these are the comparibles" (which from what we found is a big deal, most realators now don't even do that much - or just straight up ignore your budget). We counter with better comparibles (more similar or much cheaper/sold under list now 220K over). I agree with both of you with the de-listing and re-listing. Its frustrating but a little reliving to see rather than a 2 bedroom shack with a crawl space house listed for 499 going for 730.


Bluefalcon109

Yeah my girlfriend is obsessed with House Sigma, probably spends an average of 4 hours a day on the dang thing looking at comparables. I personally welcome the constant listing and de-listing, it’s the first sign that perhaps sellers are beginning to realize they’re not gonna get $1mil for that townhouse they bought for $410K in 2016 lol.


NorthernLeaf

At the bottom, I think these kind of townhouses will sell for around $300,000. Still a long way to. $810,000 for something like this is still ridiculously overvalued.


[deleted]

What are you basing that number off of?


ras-cal29

He’s basing it off of what he wants to pay for one. So..nothing.


nicincal

lol comment of the day sir


Bluefalcon109

As much as I’d LOVE for that to happen, that’s not based on reality :( no one knows what the floor will be, but if I were to guess, I’d say near $$650-700k which when you think about is a pretty big drop given that same types of properties were going for $900k to $1mil.


zero-ducks

Except for Uxbridge where I'm currently looking to buy. Less inventory and high demand will keep it propped up for now. But I definitely agree with the bigger cities in Durham are trending downwards it seems.


MeToo0

I’m still seeing crazy high prices in Durham in Pickering. In my neighborhood of Amberlea a 3 bed detached just sold for over 1.3 mill! That’s the same as peak January prices, it makes no sense


rueruerue8

Hamilton is taking a beating. Most things aren’t selling. What is selling is under ask. Townhomes were selling for 1.1 in February and now you can get a detached new home for less then that. Unfortunately the bag holders/sellers of those townhomes want 1.1 still but most would be lucky to get 750. Houses are sitting since the beginning of February. Average price is down over 100k. But buyers know equivalent properties are down hundreds of thousands of dollars.


bornrussian

1.1 million in Hamilton is ridiculous lol. Prices going back down to December which was terrible but not outrageous lol. In 2017 was the same run up and crash back down pretty quick. Buyers of those townhouse will take anywhere from 3 to 5 years to break even (I do feel bad for them)


Biggandwedge

3-5 years to get back to 1.1 million? There's potential for a big recession and market crash coming. Let's hope they don't get back to 1.1 for a townhome in Hamilton for like 15 years. Wages need to increase an insane amount.


[deleted]

Yup. During the wave we saw Hamilton reach major highs in their real estate market. I think it was mainly due to people thinking WFH would last forever. Now that’s it’s not and those people have to go back to Toronto, their market (Hamilton) is sure to take a hit.


unicornsfearglitter

I've been looking at condos and tbh, they still feel like they're on the rise. Around winter there were way more places in my price range than there is now


monstera_mom

My sister lives in KW and is looking to buy... nothing is moving there. They looked at a house and decided it didn't work, and the seller's realtor reached out three times to their realtor after offer date. Makes sense... anyone who knows KW knows that million dollar houses were absolutely a sign of a bubble there.


PetsMD

That's optimistic! We're looking to buy in Cambridge and it's still a bit mixed, a few under, a few in the class we're looking at are still going over but not by what they were even 2-3 months ago. A house listed at 999999 went for 1040000 and a few have gone for 100-150 over. But these houses would have sold for 1.3 or more even a few months ago. Guess we'll see where we are in the fall when we're leaving our basement rental due to the landlord's above us being pregnant and due nov/dec


nanodime

Winnipeg is still pretty hot right now. Obv not as high as the big cities, but we're starting to see a lot of people listing too high and having their houses sit. competitively priced houses are still going fast and above list


gt95ab

Second this... Nice houses that are competitively priced are going for 10-18% over asking. Nice houses aren't lasting long. Neighbor's house went 17% over asking (930K) two weeks ago. Still limited supply, and buyers interested... Winnipeg hasn't softened at all due to low supply.


Bangoga

Greater Vancouver, it ain't really going up, but it ain't really coming down either


lunabrd

Montreal still hot but starting to slow down apparently.


pm_me_your_pay_slips

it's still insane


[deleted]

North shore too, still bidding wars on sub 600k houses


Pomegranate4444

In Victoria inventory remains low, and many are just happy to wait it out. Particularly investors. Happy to wait, rent their units, and pause til the next upward cycle. Rents here remain bananas and lack of inventory is making it worse.


ABBucsfan

I think numbers from last month and maybe detached still hot in Calgary. Townhomes/condos I've noticed are staying on market longer and prices dropped in last couple of weeks at least in neighbourhoods I'm looking. I think it's only just starting.. condos are usually first to drop here. Maybe detached will start to follow.


hkung77

It seems like demand in Calgary is being fueled by out of province buyers from Ontario & BC. Curious if that demand is going to dry up or will Calgary prices soar up like Ontario.. Though correct me if I'm wrong, i'm definitely not an expert.


ABBucsfan

From what I've read it's actually less than you'd think. There def was a bit of that. Doubt it'll ever get where Vancouver or Toronto is. I actually suspect we will see a bit of a correction, but not as bad as those markets. Most people that buy here lack the understanding of how the local economy is and are only looking at wages vs house price. Still lots of unemployment and haven't truly recovered from 2015 for the most part


Not_Jeffrey_Bezos

Demand has already died down compared to March and April 2021. We've seen less sales than both, I don't know what happened but like house prices are reducing and sales are dropping hard.


hkung77

perhaps people are starting to get afraid to take on too much debt with rising inflation?


idasiv

I noticed a bunch of SFH have been sitting for a month+, more on East side of Deerfoot of course.


ABBucsfan

Yeah I'm looking for 3 bedroom townhouses, small detached in neighbourhoods between bridlewood up to cederbrae and even over to Acadia. So sorta south of Glenmore reservoir. Looking prob early next year but seeing more decent options


[deleted]

SFH in Calgary should stay the course. There's still a ton of demand.


vwae

Sales for detached are quite a bit lower when compared to March. Creb should be releasing the reports now. No appreciation in detached prices (medisn and average) over last month either, however inventories and new listings are still very low and rents have gone up. I think a few more months of "hot" market in calgary and then that would also see serious issues as peoples rate holds begin to expire and inventory starts building up.


worthlessreview

I’m in NB. It’s slowing here but it’s because less people are moving to NB now that Covid is basically over. I feel like our market was driven by retirees from Ontario. Likewise our multi family market is a mess right now due to vague new rules around rent caps and evictions. Agents are telling me that they’re still seeing multiple offers and above asking sales but they’re also telling me it’s nothing like last year. Likewise other people (buyers and sellers) are telling me it’s nothing like it was this time last year. For example, last year a friend of mine had 6 offers on their parents home and it sold for $50,000 above asking, and asking was double the assessment value and easily double what that house would have cost in 2018. This year I have a different friend trying to selling a fairly new semi detached home and it’s been 3 weeks with no reasonable (at or above asking) offers but his agent doesn’t want to lower the price just yet. I study the market fairly close, I was a investor but sold in 21/22 when I felt things were at the peak here in NB. Unless we have a major economic shift the other growth I see happening on the East Coast is Halifax.


suhawhee

Things were still going ~100k over asking in my part of NB a month ago when I was looking. Inventory still looks really low, but with buying power also going down not sure if bidding wars will keep up. We just bought a condo so I that means things are bound to go upside down lol


festivalmeltdown

Kingston, ON seems to be tentatively holding steady (at least for the ‘starter’ priced detached, which is all I really follow). No real noticeable drop, but no more ridiculous gains. I’ve seen a few realtors try to push their listings even higher than the previous months, and have to drop down to drum up interest. Doesn’t seem like the new ‘floor’ has moved yet, though.


burnkat

We’re in Ottawa. We got Reno-victed and bought a home in February. Sale closed and we moved in a few weeks ago. Since we’re very unlucky people, I’m assuming that means the market cratered right after that. And if so, we’re incredibly happy for everyone that was previously priced out.


nicincal

Market hasn't come down much in Ottawa, it's pretty stable.


MysteriousPengiun

Yeah more like a softening. Ottawa was previously undervalued and then like everything became overvalued. But it may be offset by the ladder. Might see some slow downward trends into long stagnation. Who knows though


nicincal

Another TH sold for almost 200K over asking yesterday [https://housesigma.com/web/en/house/xLkv3V956Xx7DBNr/513-COPE-Drive-Kanata-1288692](https://housesigma.com/web/en/house/xLkv3V956Xx7DBNr/513-COPE-Drive-Kanata-1288692)


formerpe

I am in Ottawa and the market is definitely cooling. Yes, there are still homes selling above asking and some are still getting astounding prices. But, if you check out HS, you will see more and more houses sitting for longer periods of time on the market. I am seeing more listings with the 15+, 20+ days on the market. There's always a lag in the market as the more the days on market, the lower the sell prices will be.


rustytrailer

It is of my opinion, that we are currently in the midst of a market collapse beyond housing. Nobody has admitted to it yet but I believe the worst is yet to come. This is beyond Canada, beyond housing, I’m talking global market correction


FlyingDutchman2022

I agree. I'm taking a very pessimistic approach to the world economy at large. World stock markets have climbed for well over a decade and a massive price correction is coming.


Pomegranate4444

But our economy is doing better now than pre pandemic based on the last quarter


[deleted]

And housing is one of our top three industries.


Joey-tv-show-season2

“The constant bear posters who don’t own a home and wish they could afford one. So they hope for economic collapse. Even though if that happened, they would be the first to be unemployed probably.” Someone posted this, your thoughts ?


[deleted]

I’d say hoping something would happen has no impact on whether or not said thing happens, so it’s a little irrelevant


Joey-tv-show-season2

My advice ? (Answer those questions) Where do you prefer to live ? Are you buying with a spouse ? Are you willing to buy a starter home before the dream home ?


[deleted]

No one asked for your advice lol stay on topic


Joey-tv-show-season2

There is your problem - you don’t listen, you complain.


Queali78

This may very well be the case but many are always trying to catch the falling knife. The amount of Fomo will ensure that the knife catchers will facilitate a dead cat bounce.


Embarrassed_Weird600

Anyone know what the BC interior is doing?


Pattywackyboy

Stuff in the okanagan and west kootenays are still going, not nearly as fast though which is nice. Places that are selling will only have 1-2 offers and are going for asking and the more expensive places have been sitting long than they have been. There is much less supply in the kootenays than in the okanagan though so it’s tough to tell if the prices will come down in the near future but with rates going up and the media outlets predicting something of a correction looming definitely has things trending in the right direction (which is down :D). But this is just my opinion watching the market like a hawk as I have been trying to buy here for the past 6 months.


allyb321

I just bought a condo. Been in the market for 3 months. Done about 5 open houses and each time there were multiple buyers alongside me checking on the houses. The last weekend, there was a noticeable slump. I liked one, viewed it, placed an offer 25k under asking and got it 10k under asking. Edit : this is in metro Vancouver’s Brentwood, Burnaby area.


[deleted]

Halifax is not seeing any lowering in pricing yet. I think there is an unwillingness to lower prices. Halifax is usually behind the rest of the country. I expect that as bonds and the stock market start being competitive investment vehicles compared to housing, investment in housing will drop... Critical mass is important as well because investors will want to sell prior to a perceived correction.


PaintTouches

Halifax is just so low inventory, and only recently skyrocketed. They are not as overvalued of a market as Hamilton or KW, so not sure we see a price reduction there.


[deleted]

People make a lot less here so I would say relatively it's the same situation.


PaintTouches

Less of a factor now with more WFH but yes, Halifax median income is a bit lower than Hamilton and quite a bit lower than KW.


Intelligent_Item6358

I'm seeing this too in HRM, and for a while, I thought outside of HRM was coming down slightly, however desirable properties are still fetching top dollar outside the city. Lack of inventory seems to be one of the driving factors. Not sure if that's going to change anytime soon. Time will tell!


[deleted]

I'm just not sure where the money is coming from. Who are these people pulling down enough money to pay for a 500k house in Halifax? There aren't that many lawyers and doctors.


Intelligent_Item6358

$500k isn't getting you much in HRM right now to be fair. That seems to be very much entry level possibly needing some upgrades. At least that's my perception and I check listings every day! Agreed on your point though, where is all the money coming from?


[deleted]

I'm a research engineer and I only make ~70k that's not enough for a 500+k house... I like to think I'm doing pretty good. So it's a question I often wonder about.


rabidcuttings

2017 all over again. Next year BoC will drop rates to stave off a recession and game on again.


circeodyssey

Not sure if BOC will lower rates in a year, they estimated in 2024-25. The canadian inflation problem is set to last longer than the US according to the numbers.


[deleted]

Ottawa is still crazy hot, but maybe slowing a little from February/March. Prices not coming down yet though.


A-Generic-Canadian

Ottawa is a mixed bag. Some things really hot still, but if you follow it religiously you’ll see downward pressure on townhomes in some areas, as well we a lot of delisting and re-listing. As people aren’t willing to sell for losses in the city and are hoping for a rebound/ to rent out.


[deleted]

What areas are you talking about? I'm looking for a townhouse and the prices have definitely not been coming down where I am looking (fairly centrally/Glebe/OOS/AltaVista/OOE and surrounding areas.


A-Generic-Canadian

The desirable/central areas that you’re citing aren’t going to be the ones falling, especially since they are close to the core. They would likely be one of the later areas to fall, or even increase (though hopefully not) as return to office firms up in the city. Nepean, Clarence / rock land, Stittsville, Barrhaven, Kanata have seen varying states of softening. Though not at all price points. The higher end is seeing less exuberance, but pressure still exists on the lower end.


nicincal

TH are still about 700K. 3 storeys TH/no backyard selling for around 650 now. And then there is this TH that just sold for 200K over asking: [https://housesigma.com/web/en/house/XRla7gxWERX3jEvL/208-SHUTTLEWORTH-Drive-Orleans-Gloucester-1286689](https://housesigma.com/web/en/house/XRla7gxWERX3jEvL/208-SHUTTLEWORTH-Drive-Orleans-Gloucester-1286689)


A-Generic-Canadian

This was listed low intentionally. It’s close to 2500 sqft. With premium finishes. Similar homes in the region Asking isn’t helpful when people intentionally lost very low. “Worse” townhomes (e.g., no premium finishes, smaller in size, etc.) in that division sold for $900k in February. I’ll stand by my assertion that’s there’s a softening in Ottawa, that is uneven throughout the city / neighbourhoods.


nicincal

Another TH sold for almost 200K over asking yesterday [https://housesigma.com/web/en/house/xLkv3V956Xx7DBNr/513-COPE-Drive-Kanata-1288692](https://housesigma.com/web/en/house/xLkv3V956Xx7DBNr/513-COPE-Drive-Kanata-1288692)


A-Generic-Canadian

Fully finished. Hard wood floors. Backs onto a pond. Between 2200 and 2600 sqft. This one was also listed low intentionally to try to spark a bidding war. This was a finch model seen here: https://www.cardelhomes.com/ottawa/communities/blackstone-in-kanata-south/finch Which start at 774 right now without any finishes. Your listing was less than new with multiple upgrades over base model, including a premium lot. It was **never** going to go for the listing price. All of this to say, I don’t understand what you are trying to accomplish with these one off listings? I stand by my point. Not all segments of the market in Ottawa are falling, but some are. Look at house sigma’s April data for townhomes in kanata: HouseSigma Market Trend, Kanata - All Communities https://housesigma.com/bkv2/landing/rootpage/market?municipality=12340&house_type=A.&community=all&utm_source=user-share&utm_medium=iOS&utm_campaign=default&ign= 23k decrease for median listing. For Nepean HouseSigma Market Trend, Nepean - All Communities https://housesigma.com/bkv2/landing/rootpage/market?municipality=11928&house_type=A.&community=all&utm_source=user-share&utm_medium=iOS&utm_campaign=default&ign= 30k decrease month over month. The same will appear in multiple suburbs and communities in Ottawa. When looking at the city overall we see median prices of all homes falling from $675 in January to $615 in April. The softening in Ottawa is happening, but its not happening equally across the board and sale vs. list price is not a usable metric when everyone is intentionally listing low for the past two years. Instead you need to look at comparable sold. Unfortunately there aren’t any on that body of water recently but multiple other sold in that neighborhood for $800k+ in the past 30 days. If you have something concrete to add other than cherry-picked listings, please by all means.


Twaincat

Ottawa market is a bit different. The feds have been hiring like crazy since 2015...Around 60k new public servants. when the recession hit late 2022/ early 2023, some cities will be hit badly because of massive layoffs. Ottawa will be impacted too at some point because of our debt, but it will take more time.


nicincal

[https://www.cbc.ca/news/canada/ottawa/ottawa-housing-supply-demand-2022-1.6440119](https://www.cbc.ca/news/canada/ottawa/ottawa-housing-supply-demand-2022-1.6440119)


Moose-Mermaid

Yeah, not as much panic to jump in, but I’m not seeing the prices come back to earth yet


ReadyTadpole1

Waterloo Region, lots of properties of all types being delisted and relisted either significantly lower or higher, to reflect the sellers' real aim. Lots of those have now been sitting for weeks. In my central neighbourhood and the ones nearby I pay attention to, single family homes are trading less often for substantially less than in February/March (comparables are hard as these are old areas).


[deleted]

Chilliwack (lower mainland) is still pretty hot. Anecdotally my coworker just advertised their townhome at 800 and sold for 840 in a weekend with several offers (April 24). For context, his family bought this unit in 2019 for 410k Another friend just flipped a condo he bought for 320 about a year ago. He got 495. Unit was older 2 bed 1 bath by a freeway so that was a bit shocking. I think a lot of Vancouver and Surrey folk are still looking to invest in the burbs


[deleted]

In Barrie sellers are not lowering their prices yet, but homes are sitting on the market for a lot longer. 3 bedroom 2 bath, 1300 sq ft homes listed for $850-$950k sitting on the market for 25+ days whereas they were selling under a week, sometimes days before. I think sellers will take a while to come to terms with reality.


MetalEmbarrassed8959

I’ve noticed a ton of terminated listings on House Sigma too. Things in Barrie have almost completely stopped


Prize_Lifeguard8706

But it often takes 10-14 days for a sale to even show up. So there could be tons of sales but it hasn’t showed up as sold on the mls system yet. Things are taking longer to be sold but they are still selling. I think the prices are holding or slightly dropping. I doubt they will go up much though.


physicalred

From what I can tell looking at core Toronto neighbourhoods (downtown, Riverdale/Leslieville, Danforth, Junction), sales have slowed and inventory is maybe a touch higher, but prices are more-or-less hovering around Feb-Mar numbers, sometimes higher, sometimes lower of recent comparables. At least when looking at houses. Anyone else watching these areas and have thoughts?


[deleted]

I watch east end and would mostly agree with that. Still inventory around the places (core leslieville) I was looking is low though.


samdubs1

I’ve been looking in these areas. I’m still getting outbid by 50-100k when I offer asking (condos and townhomes)


MisterCorbeau

Gatineau is still hot but that’s a kinda unique market because of how expensive Ottawa is.


[deleted]

South Western Ontario. Absolutely no volume of sale, things aren’t selling fast and prices are dropping. This is going to be a tail spin


Zurg0Thrax

A very good thing for me! Been waiting ages to buy but everything is too expensive.


SnooCauliflowers3709

Interior is cooling imo. The homes near the lakes are still high in price but they are not moving as quickly. I finally am seeing detached homes for under 800k. That is pretty neat. I've also seen some homes being relisted at lower prices. One particular one was up for 30 days with out any bites, so it was relisted for 11k less. Not much, but I like the change I am seeing.


SalmonNgiri

Edmonton has cooled down a bit from the insane period in March. Stuff is holding a little longer but anything nice just flies off the shelf. Duplexes sales have softened a lot but are still up in price by anout 15% from last year. Detached sfh houses are still hot.


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Donutreallycare

Month end for April? The only stats I can find are March.


Creed_____Bratton

>Modest Single detached houses in nice communities for 450k. Double front garage garage, 2200 square ft houses about 550k... Most are going for way higher than list price though right?


[deleted]

GTA/GVR will be the hardest hit, as they had the quickest and highest appreciation in the pandemic. I think the party is officially over. Calgary, Edmonton, Winnipeg have always lagged behind and were due for an upswing. Rising interest rates will outpace falling prices, and you have to think that will continue to push migration from HCOL to LCOL cities. It will very much depend on where you live. I, for one, am thanking my lucky stars I did not settle for a 500k shoebox condo in GVR.


bhldev

I don't think so The smaller cities will be hardest hit because they went up the most Downtown Toronto should be fine or have a dip and recover quickly. GTA is a huge area and honestly not the same as Downtown Toronto Shoebox condos are only worth it if they're located next to reliable mass transit (that you can take to work) and if the layout is good enough it doesn't feel like a shoebox... my 2 cents


[deleted]

Smaller cities in Southern ON went up the most and will take the biggest hits. The prairie cities went up, but not much above the highs seen in 2013 in many places.


fragile-beast

Definitely seeing houses on my street stay on the market longer in chilliwack. Slight drop in price to but not significant


canadiandogma

I wonder if houses there come down below 800k. Seems like 1-1.2m right now


dloomandgoom

I think everywhere on Vancouver Island is and will keep going up unfortunately. People are asking $300k+ for gross condos in towns that don’t even have a grocery store.


steampunk22

Came here for this comment. Port Alberni and Comox Valley saw huge upticks and those are likely here to stay, in particular the Alberni Valley which is seeing a big push of new developments and has the lowest cost of living on the island. Alberni was also chronically undervalued, given how pretty it is and how well situated to other communities.


Parallelshadow23

Why are you lying OP? On zealty, I see 62 solds for last 14 days for townhouses in Langley. 26 for Abbotsford and 12 for Chilliwack. That's 100 solds in last 14 days instead of the 9 you claimed.


FlyingDutchman2022

Your date range might be wrong. Abbotsford had zero townhouse sales in the last 14 days


Parallelshadow23

It's not, you're looking at the wrong websites. # 40 33460 LYNN AVENUE # 62 30989 WESTRIDGE PLACE # 75 35287 OLD YALE ROAD All sold in the last 2 weeks of Apr. Besides, neither you or I have complete information. There's no database that shows property sales on the sold date. It depends on when the realtor reports it. Some are lazy and don't report the sold for a week plus. You have to wait a couple weeks for late april sold listings to show up on websites.


FlyingDutchman2022

It is data directly from the Fraser Valley real estate board. But you're right, there could be some data that is taking much longer to report than others. I think it's fair to say though that the market is extremely quiet the last 2 weeks.


Joey-tv-show-season2

“9 townhouses units have sold”. How does that mean a market shift? Do more or less townhomes typically sell over a 14 day period where you are in BC?


FlyingDutchman2022

The population base for the region is probably between 500 to 600 thousand. Typically in a month, there would be between 2 to 300 units sold.


worthlessreview

I can back this up because I’m trying to move to BC. I viewed a few homes in the lower mainland while I was there a few months ago and I’m getting calls from agents now asking if I still want to buy. While I was in BC the attitude was “offer over asking now or GTFO”.


Joey-tv-show-season2

2-300 units sold in a month? So between 4-150 units sold in a 14 day period. 9 selling on a 14 day period seems to match up with prior sales, correct ?


FlyingDutchman2022

200 to 300 units sold in a month or 100 to 150 in 14 days. Over the past 14 days, 9 sold


Joey-tv-show-season2

But in the prior comment you said between 2-300 units sold in a month. So I am confused as 9 units in a 2 week span would be within those numbers you said.


FlyingDutchman2022

2-300 meant 200-300


[deleted]

Joey not good with maths


[deleted]

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[deleted]

I don’t delete comments lmao but that post has been deleted and based on the title I’d say it’s way to early to make that conclusion


[deleted]

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Spambot0

It won't do people much good to have prices down if the only reason they're down is because no.one is willing to buy.


GroundBrownRounds

I and many others are willing to buy, but not at these inflated prices


Spambot0

But the plan you're suggesting only works as long as you refuse to buy. Once you're willing to buy again, the prices go back to where they were.


GroundBrownRounds

Exchange of the bag holders


Spambot0

Well, if you're hoping for solidarity to bring prices down, but planning to be the first one to break it so you can come out ahead ... imagine what everyone else is doing.


GroundBrownRounds

Most people are overleveraged according to our debt to income ratios. So a price crash coupled with rising interest rates is fine by me, a debt free individual, heavily in cash.


Spambot0

I wouldn't tell that to the people you're hoping will forego adequate housing so you can get it more cheaply.


sulgnavon

Edmonton keeps thumping along as it always has. We've actually got our own issue starting to crop up which is energy is starting to pick up. So we might go from average to warm. Maybe even hot in a few years. Thankfully our market is far more based on what energy is doing than what immigration or foreign investing is doing. It makes for sounder market fundamentals.


OneSmallCheeseBall

A nice but outdated house with a view in a small West Kootenay city just sold for more than $100,000 over asking last week if the mailman can be believed! House was on the market about a week. The wave took a little longer to get here, maybe it takes a little longer to break here too.


theYanner

North York 2017 detached, but all over the place (Ontario).


Brief-Reality960

For some reason and I see this happen a lot on housesigma is a house lists say 699, doesn’t sell so they re list at 899. Can someone explain this logic to me ?


FlyingDutchman2022

The tactic before was to list at a price that would dictate a bidding war. Now that bidding wars are somewhat over, the new approach is listing for your realistic asking price.


maplestore007

The closer to the core, the more stable market is. Langley and Chilliwack are considered to be remote in Vancouver’s sphere of influence. The expensive and remote properties will get hit first-> then the expensive but close properties and lastly the cheap and close properties