Comments on: Canada’s housing boom ends…again http://teamfisher.com/canada%e2%80%99s-housing-boom-ends%e2%80%a6again/ We're bringing Saskatoon real estate to life Sun, 20 May 2012 19:45:13 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Larry Yatkowsky http://teamfisher.com/canada%e2%80%99s-housing-boom-ends%e2%80%a6again/#comment-11613 Larry Yatkowsky Mon, 04 May 2009 19:33:18 +0000 http://normfisher.ca/?p=1327#comment-11613 Norm, No worries and welcome as always. As for the Comic Sans, not the most popular font to be sure but, it comes down to two choices - we whack over the head for bad form or just pretend that he had a bad hair day. Since he also messed up the graph I vote for both as he will have bad hair after he gets whacked. Norm,

No worries and welcome as always.

As for the Comic Sans, not the most popular font to be sure but, it comes down to two choices – we whack over the head for bad form or just pretend that he had a bad hair day.

Since he also messed up the graph I vote for both as he will have bad hair after he gets whacked.

]]> By: Norm Fisher http://teamfisher.com/canada%e2%80%99s-housing-boom-ends%e2%80%a6again/#comment-11612 Norm Fisher Mon, 04 May 2009 19:33:02 +0000 http://normfisher.ca/?p=1327#comment-11612 Larry, I'm still more bothered by the Comic Sans thing. :) I agree that comparing the median to the average is probably not valid. I hadn't noticed that. Thanks for pointing it out. Larry,

I’m still more bothered by the Comic Sans thing. :)

I agree that comparing the median to the average is probably not valid. I hadn’t noticed that. Thanks for pointing it out.

]]> By: Larry Yatkowsky http://teamfisher.com/canada%e2%80%99s-housing-boom-ends%e2%80%a6again/#comment-11611 Larry Yatkowsky Mon, 04 May 2009 19:31:48 +0000 http://normfisher.ca/?p=1327#comment-11611 Norm, Porter's graph is not an apples to apples presentation. US is MEDIAN prices versus Canadian AVERAGE price. Don't you think that one of these is more easily scewed than the other and therefore misleading? Norm,

Porter’s graph is not an apples to apples presentation. US is MEDIAN prices versus Canadian AVERAGE price.

Don’t you think that one of these is more easily scewed than the other and therefore misleading?

]]> By: Jo http://teamfisher.com/canada%e2%80%99s-housing-boom-ends%e2%80%a6again/#comment-11610 Jo Mon, 04 May 2009 19:30:07 +0000 http://normfisher.ca/?p=1327#comment-11610 Found this from last year in the US Yearly Income, $14,000. Purchase of House, $720,000 http://drhousingbubble.blogspot.com/2007/05/yearly-income-14000-purchase-of-house.html Found this from last year in the US

Yearly Income, $14,000. Purchase of House, $720,000

http://drhousingbubble.blogspot.com/2007/05/yearly-income-14000-purchase-of-house.html

]]> By: Norm Fisher http://teamfisher.com/canada%e2%80%99s-housing-boom-ends%e2%80%a6again/#comment-11609 Norm Fisher Mon, 04 May 2009 19:29:49 +0000 http://normfisher.ca/?p=1327#comment-11609 Stephen, Wow! Hope you're having a great spring! Stephen,

Wow! Hope you’re having a great spring!

]]> By: Stephen Winters http://teamfisher.com/canada%e2%80%99s-housing-boom-ends%e2%80%a6again/#comment-11608 Stephen Winters Mon, 04 May 2009 19:29:28 +0000 http://normfisher.ca/?p=1327#comment-11608 Maybe as a whole Canada's Housing Boom has ended but in Newfoundland we are seeing quite the opposite trend. Listings are at all time lows, buyers are numerous and multiple offers on houses are a common trend now. We've seen the average price for a single family bungalow in east end St. John's jump from $160,000 to $190,000 in about 12 months. No signs of letting up yet either. Maybe as a whole Canada’s Housing Boom has ended but in Newfoundland we are seeing quite the opposite trend.

Listings are at all time lows, buyers are numerous and multiple offers on houses are a common trend now.

We’ve seen the average price for a single family bungalow in east end St. John’s jump from $160,000 to $190,000 in about 12 months.

No signs of letting up yet either.

]]> By: callum http://teamfisher.com/canada%e2%80%99s-housing-boom-ends%e2%80%a6again/#comment-11607 callum Mon, 04 May 2009 19:23:43 +0000 http://normfisher.ca/?p=1327#comment-11607 Jim's really working the downturn. Maybe it will work out for him one day. Jim’s really working the downturn. Maybe it will work out for him one day.

]]> By: Doug http://teamfisher.com/canada%e2%80%99s-housing-boom-ends%e2%80%a6again/#comment-11606 Doug Mon, 04 May 2009 19:23:25 +0000 http://normfisher.ca/?p=1327#comment-11606 So apparently Canada's economy rebounded a bit, with growth in the automotive and clothing. Both Ontario sectors. This was offset by drops in: energy, oil and gas exploration and housing ... http://www.bnn.ca/news/1974.html Good random news article of the day. BNN reports that the Canadian economy is in a weaker position than we'd think, masked by temporarily elevated commodities... So apparently Canada’s economy rebounded a bit, with growth in the automotive and clothing. Both Ontario sectors. This was offset by drops in: energy, oil and gas exploration and housing …

http://www.bnn.ca/news/1974.html

Good random news article of the day.

BNN reports that the Canadian economy is in a weaker position than we’d think, masked by temporarily elevated commodities…

]]> By: Jim http://teamfisher.com/canada%e2%80%99s-housing-boom-ends%e2%80%a6again/#comment-11605 Jim Mon, 04 May 2009 19:17:25 +0000 http://normfisher.ca/?p=1327#comment-11605 So "Alberta, with prices continuing to fall this year by eight to ten per cent from their peak" according to TD economics? I'm surprised they wouldn't predict the same for a currently fairly similarly priced Saskatchewan housing market. I bet a lot of it is because Regina and some rural areas had less of a run up in price. I would fully expect Saskatoon, with its unprecedented increase in housing prices, despite low wages and wage growth below Alberta, and now constantly increasing housing inventory to follow the Alberta housing market and shed at least 8 to 10% in value over the next year. Norm's "June 16-20" post graph of the huge and constant increase in inventory since February demonstrates prices need to fall in order for sales to hope of catching up to all the new listings. So “Alberta, with prices continuing to fall this year by eight to ten per cent from their peak” according to TD economics?

I’m surprised they wouldn’t predict the same for a currently fairly similarly priced Saskatchewan housing market. I bet a lot of it is because Regina and some rural areas had less of a run up in price. I would fully expect Saskatoon, with its unprecedented increase in housing prices, despite low wages and wage growth below Alberta, and now constantly increasing housing inventory to follow the Alberta housing market and shed at least 8 to 10% in value over the next year.

Norm’s “June 16-20″ post graph of the huge and constant increase in inventory since February demonstrates prices need to fall in order for sales to hope of catching up to all the new listings.

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