In case you haven`t heard

[Goodstuff]

http://v1.theglobeandmail.com/servlet/stor...tory/TPComment/

For those looking for properties, this is bad news.
For those holding properties this is good news.

All depends on where you stand.

 

[Thomas Beyer]

QUOTE (Goodstuff @ Dec 9 2009, 08:54 PM) http://v1.theglobeandmail.com/servlet/stor...tory/TPComment/

For those looking for properties, this is bad news.
For those holding properties this is good news.

All depends on where you stand.
Let`s not confuse an isolated run-up in prices in select sub-markets where the HST will come in June 2010 with a general trend of fast rising real estate prices.

The media always focuses on the "abnormal" / sensational .. and this is !!

Right now there is PLENTY of houses or condos to chose from .. not bargain basement priced as perhaps in the spring of 2009 when the financial crisis and stock market has its lowest point .. but reasonably priced .. PLUS there are PLENTY of motivated sellers who lost their job (or one of the income earners) where seller motivation is huge and where VTBs or great prices can be negotiated.

PLENTY !!

 

[Nir]

Good stuff!
pls remember: there will ALWAYS be good deals and bad deals.. in ups and downs. in macro economic you deal with averages and trends. in micro economics and real life weird things happen: people get divorced and want the wife to get less (ha ha), people get old, tired and willing to compromise. negotiation process results in people selling
for 100k less, etc. etc. numerous such examples. of course most sales are not like that but there will always be great opportunities like the one where you`re helping a couple ensure the ex gets less. how many properties do you need? isn`t one a year enough? why then does macro economics scare you so much.