Canada’s Housing Bubble Statistics: February 2013
Here are the latest price statistics for Canada’s housing market. Price statistics refer to the updated numbers for the month of January 2013. Declines were again seen in all sectors and regions except for (Montreal townhouses and Regina Condos)
The aggregate price for all sectors and major regions in Canada declined again in January 2013, posing the longest real-estate decline in Canada since 2008. The current trend in housing prices is now officially in a short-term downward correction, as it broke through the upward trend-line which started in January 2009. Longer term trend lines are still intact.
Every month I publish an update on these real-estate statistics to get an in-depth view of the current trends in the Canadian housing market. If you would like to receive an automatic update sent to your email with these statistics, subscribe to the site’s newsletter feed on the right hand side of the page.
Original article: Canada’s Housing Bubble Statistics: February 2013
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2013-02-19 14:47:08
Source: http://www.economicreason.com/canadahousingbubble/canadas-housing-bubble-statistics-february-2013/
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Whistler Blowers, Insiders
Supply and demand good way for determining the price of houses, as long as the demand is by by individuals or families that are actually going to live in the house (Or by people who wants to buy houses for rent). But this all breaks when most of the demand is by foreign speculators who just buy the house hoping it will increase its value even more in the future. Lisa from http://northenloans.ca/