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wait and see
According to statistics, Montreal's housing price is only 0.9% increase over last year, compared to 50% in Cargary. What this mean is that Montreal's price can not even catch the inflation rate, and montreal property owners actually losing values.
If there is a catalyst happening in the US or Canada west, for example, oil price dropping significantly, housing bubble will definitely burst. In this case, not only housing price down, but canadian dollar will also down. If you hold US$ or RMB, you will enjoy both benifits, cheaper house and more CN$.
One of my neigbors in NDG posted his house in sale Feb, 2006 for $280,000, could not sell, so low the price twice, to $253,000, still can not sell for now.
Inflation rate will be keeping rising fast, so interest rates will up. not good for housing markets.
there are too many unsold units in Montreal. Prices will for sure down.
Bank of Japan ends its zero interest era.
Lucky house owners who locked at extremely low mortgage rates about five years ago will see their mortgage contracts come due this year or next year. By the time they renew their mortgage contracts with banks, they will find their borrowing costs sharply rising.
So, just need a little patience will give you reward equivalent to one year's income after tax.
Post by nidie
蒙市买房是好时候吗? 稍等。看看形势。 |
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