What would be a good investment for 400,000

[Thomas Beyer]

TH = townhouse

 

[Matt Crowley]

TH = townhome

 

[Willyboy]

In my opinion you'll get the best lift outside of BC in Alberta and Saskatchewan where they have taken a beating, and are showing signs of recovery, and in migration continues. For many reasons including the new political regime, now may be a good time to divest BC assets and re-deploy elsewhere.

Moody's rating agency is predicting a 14% decline in home prices for Edmonton over the next 5 years. About 6% decline for Calgary and and a higher percentage of decline than Edmonton for both Regina and Saskatoon.
Toronto and Hamilton on the other hand will have between 30% to 40% appreciation over the next 5 years.
BC area will flatten out.

 

[Matt Crowley]

@Willyboy I think this is the source report: https://www.rpsrealsolutions.com/do...dy's Analytics_House Price Forecasts_0817.pdf

I don't agree with that interpretation of the report...looks like it may have come from the Star or Huffington Post? Earlier in the report it says the Calgary market is undervalued by 10%, for instance. Maybe there is an updated report but this report is more like market is getting clipped for a couple years, moderate negative growth, with Ontario okay.

 

[Willyboy]

@Willyboy I think this is the source report: https://www.rpsrealsolutions.com/documents//en/house-price-forecasts/RPS-Moody's Analytics_House Price Forecasts_0817.pdf

I don't agree with that interpretation of the report...looks like it may have come from the Star or Huffington Post? Earlier in the report it says the Calgary market is undervalued by 10%, for instance. Maybe there is an updated report but this report is more like market is getting clipped for a couple years, moderate negative growth, with Ontario okay.

Matt, you're absolutely right! It comes from the Huffington Post and that's where I got the numbers from but I didn't mention the Huffington Post because I thought I saw very similar stuff with similar headlines in other various different media reports as well.

 

[Willyboy]

Moody's rating agency is predicting a 14% decline in home prices for Edmonton over the next 5 years. About 6% decline for Calgary and and a higher percentage of decline than Edmonton for both Regina and Saskatoon.
Toronto and Hamilton on the other hand will have between 30% to 40% appreciation over the next 5 years.
BC area will flatten out.

Sorry I forgot to mention that this stuff comes from the Huffington Post who say according to a director at Moody's rating agency the next five years will see a retrenchment in the housing market and then go on to mention the numbers above. You can find similar stuff in other media articles as well.

 

[Matt Crowley]

@Willyboy Integrity is gone in journalism...that is fear mongering in my opinion. The writer's really questionable interpretation of the Moody's report plus a quote from a director to serve his own interpretation. Super disappointing. I hope someone comes up with a way to block-chain the news for better or at least accurate information.