Canadian House Prices

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Feb 5th 2008 | 9:15 am

#16

rae

Settled.

Joined: Jul 2006

Posts: 3,286

From: St. Albert. AB.

Re: Canadian House Prices

Quote:

Originally Posted by seanyg

Hi there,

Just wondering what people's opinions are on if / how the USA's economic problems might affect the Canadian housing market.

If we do suffer a recession here in the UK (I said 'if'...) I'm sure I won't be the only PR applicant biting their fingernails if the Canadian housing market continues to rise and our houses over here crash (especially when you might have to sell up quick if you get a job offer).

Though obviously - for the sake of current Canadian residents - I hope the Canadian market stays buoyant

Anita (currently wondering if she should sell up or ride it out!)

housing report on Global edmonton AB (local TV) last night gave stats for last 3mths of year(think only really started listening around this bit) which gave a 1%drop for houses current av. $365,000 and a 2% rise for condos at $240. this bit i did pay attention to. the current/recent drop is temporary, predictions from spring onwards are a steady, not dramatic as last year, rise of around 5-7%. now not sure if this was for the year or over summer. friend of ours bought last dec for 365k just sold for 455K.