Property values are expected to increase in Canada this and next year especially with the mandatory shut down of the home construction industry and extremely low interest rates from the Bank of Canada. There is already an inventory shortage, so this shutdown is only expected to drive up prices which are crazy already.
Is there expected to be mass layoffs and record high unemployment in Canada like there is in the US? How can prices go up in an environment where unemployment is very high?
Agree with political aspect. Although I’m more liberal than conservative, our PM has not overly impressed me, since he was elected. However, he is handling this crises well. I am not a fan of our provincial (Ontario) premier, but am impressed by his performance regarding the pandemic. I’m happy we have two strong leaders in control at this time. I do feel sorry for our neighbours to the south. I can’t think of a worst president, to have, when dealing with something like this.Unemployment has gone up, but there are still a lot of people working from home (like me) and those that are classified as essential workers (like my wife). While I'm not a fan of our PM and his party, I do have to give them credit for managing this crisis well. It's good to see all of the political parties working together for once for the common good.
LUCKY BASTARDMy brother died in February, leaving my step-sisters and me his beautiful house near Lake Tahoe. It looks like we won't be selling it any time soon.
Nothing good about 2020 so far.
what are the price range there?I bought my first house in 2005 and my new house in 2019. Both at what looks like will be the height of the market. I’m still trying to sell my old house. I think the best thing right now is just to hold out and wait and see. I don’t think the economy is gonna be as bad as we think. So I would definitely take advantage of a good deal right now but hold out if your selling.
I bought the one in 2005 for 125,000. It’s in the ghetto but had been redone when everybody was redoing houses. I would absolutely love to come even close to that. I’d take 110,000 right now, before all of this happened. The one I’m at now doesn’t matter because I plan on living here for a long time.what are the price range there?