Canadian Banks | Forums | Terms of Use

Welcome to the Canadian Financial Forums forums.

You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact contact us.

Go Back   Canadian Financial Forums > Canadian Financial Forums > Real Estate and Mortgages

Reply
 
Thread Tools Display Modes
  #11  
Old 02-02-2009, 04:20 PM
Canadian Canadian is offline
Senior Member
 
Join Date: Jun 2008
Posts: 415
Default

Quote:
Originally Posted by heyjude View Post
That's true. I see a lot of houses around where I live, are FOR Lease. I wonder if the owners want to sell them but are waiting for the market to recover and want to lease them to cover their mortgage payments in between...
Two things. First there won't be a recovery in the housing market for quite a while (few years at least). Second, the rent that you can get in Toronto, would cover about 50% of the expenses the owner has - mortgages, taxes, maintenance, etc. I bet all these speculators are waiting for the spring market, and here is a newsflash for them - there won't be one!
__________________
Bear with me please
Reply With Quote
  #12  
Old 02-04-2009, 05:08 PM
trent trent is offline
Senior Member
 
Join Date: Jun 2008
Posts: 387
Default

And even after the real estate market bottoms, there will be a few years with flat prices. Don't expect a V shaped recovery.
__________________
No debt
Reply With Quote
  #13  
Old 02-05-2009, 01:16 PM
Canadian Canadian is offline
Senior Member
 
Join Date: Jun 2008
Posts: 415
Default

Quote:
Originally Posted by trent View Post
And even after the real estate market bottoms, there will be a few years with flat prices. Don't expect a V shaped recovery.
Yes, that's a good point, as most people expect after the last month of decline (bottom), to get a few % increase the next. This is simply not going to happen.
__________________
Bear with me please
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 05:23 AM.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2024, vBulletin Solutions, Inc.