Quote:
Originally Posted by Spoon
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Oh man, real estate is slow.... It's not about a quick turn back to fundamentals, it takes a long time, then prices will overshoot to the downside
The irony is, people say one thing - everyone wants to live in Canada, economy is strong, banks are conservative, yet the BoC says what they said today, I.e. Economy stinks, we suck, our 'survival of the GFC' was nothing more than kicking the can down the road. In 3-5 years, Canada will go through a significant recession.
I have nothing but time, nothing but time - all those ppl who just jumped the gun to buy will be hurt, and I would expect the next little while house sales to be low - recent months sales were pushed forward, simple as that.
Our economy is hurting - no matter what the politicians say, fundamentals rule all - the BoC is proof we suck