Re: Property prices in Canada
 

I'd expect the UK and possibly Canada to take an epic dive before either the EU or the US.

Re: Property prices in Canada
 

Its too poor to give the type of incentive needed to make you move there....

Re: Property prices in Canada
 

Even free Moosehead or Molson beer for life isnt an incentive to move to NB :lol:

Re: Property prices in Canada
 

Why not, it's a well located province, and even sports a coastline. The maritimes should be developed, not forgotten. The Feds should make a bit more effort.

Re: Property prices in Canada
 

Hopefully not famous last words, such as

"Stock prices have reached what looks like a permanently high plateau" (Irving Fischer, 1929)

Re: Property prices in Canada
 

Think we're all in for an interesting decade. Now's the time to position yourself wisely.

Re: Property prices in Canada
 

It won't look that extreme when places like Chicago are up next.

And it'll all look small fry when entire states start falling to bits.

Re: Property prices in Canada
 

I'm not sure I'd buy anywhere before living in the area for a little while - especially if you have the option to rent and weigh things up without immediately committing to one place. I don't think house prices will jump up drastically in the foreseeable future so time should be on your side,

Re: Property prices in Canada
 

:)

The Feds have been 'making an effort' since oh I don't know about the 1950's. :)

The Atlantic provinces are a long term structural problem, always have been.

The Canadian economy has always been arranged around being 'hewers of wood and drawers of water', meaning selling resources instead of finished products.

And no one is in the mood to change it.

Re: Property prices in Canada
 

Hi Millie thanks for that tidbit of info. I am looking at going rural, being packed in like rats in Europe is wearing a bit thin.
St. George is nice, St. Andrews is better. And Saint John is pretty ugly.
If you ever go to the Reversing Falls, just remember the inside joke is to call
it the Reversing Toilet !.. It's probably been cleaned up by now though.

Is there a specific area in the Canada section for people who have moved
to New Brunswick ? I have had a look, but couldn't find anything.
Thank you. :)

Re: Property prices in Canada
 

Think you are right about the UK. Some areas houses are snapped up in days/weeks after coming on the market and driving prices up but this is due to Govt policy that is underwriting mortgages and this won't last for ever. Some of the agents we got quotes to sell our house are expecting a crash in 12-18 months. There is a rush to get mortgages underwritten and while interest rates are low so demand for little houses for sale is high.

We sold after 3 weeks for just above asking, one day all four viewers looked at the house and started bidding. Even had an offer in 1st week but we were victims of a new trend hitting UK - as there are less houses being sold buyers are putting offers in to reserve price and take house off the market - then withdraw offer when they find a more suitable house. Now sellers do not take house off market until buyer is seen to have spent on survey or solicitor fees.

I think now/next year is a good time to sell in the UK if you are planning to leave because when the crash comes I think it will be severe.

Re: Property prices in Canada
 

The crash has already been and gone. Carney will engineer an inflation led recovery, be hailed as a hero for a few years and then judged as the Canadian who wreaked havoc on the British economy.

Re: Property prices in Canada
 

Things can crash more than once. The UK property market crashed in 1990's and 2008 and I expect again in 2014/5. Before 1990 and 2008 everybody said don't worry we've had the crash already so bought like maniacs then complained of miss-sold mortgages etc when the crash came. Next they will complain that interest rates were so low it gave them false sense of security and it was the governments fault that they borrowed above their means.

Now everybody is buying like crazy - same old story coming.

Re: Property prices in Canada
 

It can crash again (and will) but it's been fairly flat for five years (prime central London accepted as usual) and mild inflation has made property more affordable. I see growth in 2014/15.

Re: Property prices in Canada
 

Last year our property was valued at £320k and sold this year at 365k. Its not in central London but in Berkshire/Hants borders. We had one offer of 340k CASH and were shown a bank statement to prove it. There are lots of pockets of high activity around the UK and not just London. Not sure how rises like that make it more affordable. The amount of viewings and offers was quite incredible - viewings from 2 to 4 every day for 4 weeks most of which were people moving away from richer areas to maximise income. I think its London pushing out and a ripple affect going on. Certainly got the feeling that somebody spooked the herd.