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2019 realestate market predictions.

Bigdaug

Well-known member
Aug 17, 2017
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I m fascinated by the realestate market i think its just crazy and very curious to see what the future holds regarding it. I think its heavily over inflated and due for a massive correction (maybe 2012 - 2014 prices) i don t know if this will be the year.....depending on interest rate hikes and if a recession hits.

Any predictions ? Or too tough to call.
 

George The Curious

Active member
Nov 28, 2011
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Interest rates are still low, and not likely to go to the highs of previous cycles. In fact interest rates have been trending down since 1950s. This is partly due to low inflation caused by global trade, increased savings and aging population. The trend is not likely to change, so asset prices - not just houses, but also stocks, bonds, fine art, will continue to trend higher. Protectionism might reverse the trend, limit global trades, and limit immigration, then you will see asset prices come down and inflation go up. But that will take time, Liberal governement is unlikely to go the way of Trump etc.
 

Smallcock

Active member
Jun 5, 2009
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"First- and Second-Home Buyers Can Expect Discounts in 2019
Experts and data agree—this year will be a good one to buy a house in most places."
https://www.bloomberg.com/news/arti...estate-experts-predict-more-discounts-in-2019

"nine of 10 recent Chinese immigrants arrive in Vancouver with enough money to immediately buy homes. But only half hold down jobs during their first five years in Canada, while four of 10 report they’re surviving on low incomes."
https://vancouversun.com/opinion/co...-chinese-filipino-and-other-immigrants-differ

More People Are Going Broke in Canada as Interest Rates Rise
https://www.bloomberg.com/news/arti...-going-broke-in-canada-as-interest-rates-rise
 

Smallcock

Active member
Jun 5, 2009
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angrymime666

Well-known member
May 8, 2008
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with the BOC holding rates till march I dont see the inventory increasing that much. I think if the BOC does a 1% rate increase it will become a buyers market. probably minimum another year. I would agree its a balanced market atm. people are way to stuck on the previous years market and think their house is worth 2016/17 prices.
 

Goodoer

Well-known member
Feb 20, 2004
2,752
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GTA & Thereabouts...
I love that I bought my new house in 2013. I'm chilling out at this point. I missed out on the speculation and 'on paper gains' of my friends, but I can cover my bills easily. Piece of mind is worth a fortune.
 

Carvher

Well-known member
Apr 13, 2010
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What George said, he's bang on. Demographics and government debt will keep rates low for probably the next 20 years. There still will be fluctuations in real estate prices but they are unlikely to be severe.
 

Ceiling Cat

Well-known member
Feb 25, 2009
28,188
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In the short term I say that a pull back in prices is a possibility. ( in Canada ) Australia is going through their version of the US Subprime mortgage crisis. UK real estate is not in good shape due to BREXIT and the US economy is suffering from Trump as is China.
 
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