Market Bubbles: How Many Boats are We On?

[furrowtickler]

Canada’s housing bubble now appears breaking big time . . . .

Home prices now reported down 6 percent over the past month. And flood of real estate is about to hit the market. Housing shortage, what shortage? A 15 to 25 percent badly needed correction into 2023? Just the beginning.

It’s about time , a lot of very fake wealth out there

[jdg364]

It’s about time , a lot of very fake wealth out there

How much different is farmland compared to housing right now? Saskatchewan dry land should not be selling for $3000-5000/ac but it’s trading at these values.

Many farms can go to the bank and refinance on this “fake wealth” and patch their sinking boat or live beyond their means. I’m sure we will see a correction, just not sure when.

[blueversi]

Canada’s housing bubble now appears breaking big time . . . .

Home prices now reported down 6 percent over the past month. And flood of real estate is about to hit the market. Housing shortage, what shortage? A 15 to 25 percent badly needed correction into 2023? Just the beginning.

Not a home to be had in our nearest town and not even a handful of them in the next nearest definitely no flood on the market here.

[furrowtickler]

How much different is farmland compared to housing right now? Saskatchewan dry land should not be selling for $3000-5000/ac but it’s trading at these values.

Many farms can go to the bank and refinance on this “fake wealth” and patch their sinking boat or live beyond their means. I’m sure we will see a correction, just not sure when.

Very true , I agree . But housing will collapse long before land will dip .
Interest rates will be the thing to watch for land
Inflation on every day necessities like food and fuel will help be the domino effect in housing IMO

[Rareearth]

News this morning ctv saskatchewan, needs over 100,000 more homes over the next 8 years

[furrowtickler]

News this morning ctv saskatchewan, needs over 100,000 more homes over the next 8 years

So a result of vastly increased immigration policies from the Liberals ? Interesting times

[jazz]

News this morning ctv saskatchewan, needs over 100,000 more homes over the next 8 years

For who - Sask lost 4000 people during the last year. Turns out its not a great place to be locked down for a flu with a radical federal govt trying to kill our economy.

[sumdumguy]

Trudeau Torture?

[jazz]

Looks like there could be some homes opening up in BC, maybe some farmland in Sask too.

[Guest]

Very true , I agree . But housing will collapse long before land will dip .
Interest rates will be the thing to watch for land
Inflation on every day necessities like food and fuel will help be the domino effect in housing IMO

yep those who forget the past are destined to repeat it?