tag:blogger.com,1999:blog-7123542260692860177.post2735253237328196712..comments2023-12-02T00:38:46.467-08:00Comments on House Hunt Victoria: Where did Victoria go?HouseHuntVictoriahttp://www.blogger.com/profile/07456914359088891317noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-7123542260692860177.post-83634973733013585752007-09-15T13:48:00.000-07:002007-09-15T13:48:00.000-07:00More fuel for the fire:"Tighter mortgage market ma...<B>More fuel for the fire:</B><BR/><BR/>"Tighter mortgage market may hit housing"<BR/><BR/>http://tinyurl.com/2j9gxg<BR/><BR/>"Investors scrambling to convert risky debt"<BR/><BR/>http://tinyurl.com/2ub7xc<BR/><BR/>No subprime worries in Canada!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-62480866567882146072007-09-15T10:43:00.000-07:002007-09-15T10:43:00.000-07:00Re: CREA president Ann Bosley.http://tinyurl.com/2...<I>Re: CREA president Ann Bosley.<BR/>http://tinyurl.com/2mhbfr<BR/><BR/>"This is a housing market built on good foundations, including good lending practices," she said. </I><BR/><BR/>I nearly spit my cereal all over the computer. Does she really think the foundation is good? Cheap credit built this baby. A lack of borrowing will kill it.Aaronhttps://www.blogger.com/profile/03507072299723016016noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-51121411647291131962007-09-14T21:20:00.000-07:002007-09-14T21:20:00.000-07:00Victoria's forecasted economic growth is at 2.8% f...Victoria's forecasted economic growth is at 2.8% for 2007. This puts Victoria in the NOT department.<BR/><BR/>http://tinyurl.com/322zw5Prairieboyhttps://www.blogger.com/profile/16531624512005595695noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-48878535493840096452007-09-14T15:44:00.000-07:002007-09-14T15:44:00.000-07:00TC today had less rah-rah in it for real estate. ...TC today had less rah-rah in it for real estate. Still plenty of "Oh, it won't happen/be bad/blah blah." in it. But it did acknowledge it's going to slow down.<BR/><BR/>I think of this as more of a credit bubble then real estate. Real estate is the obvious symptom that stems from cheap and easy credit. The toll on the economy will be huge if that spigot is shut off. Say goodbye to discretionary spending.Villagehttps://www.blogger.com/profile/01880618948392892946noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-32178787897827694892007-09-14T15:11:00.000-07:002007-09-14T15:11:00.000-07:00They point out that Victoria is currently 10% abov...<I>They point out that Victoria is currently 10% above the historical RE inflation trend line. I'd thought it much higher, closer to 15%. I can't find the data I thought I'd read (maybe I'm imagining things again?). Anyone in the know, please chime in.<BR/></I><BR/><BR/>They did their historical fit from 1984-2006. 1984 was a low in the cycle, 2006 somewhere near a high. So fitting this way exagerates the historic rate; they should really fit from a high to a high or a low to a low. i.e. 78-2001 is not a bad fit. I would agree that we are closer to 15% over the trend line right now.JMKhttps://www.blogger.com/profile/14740454447994074321noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-63747209192610053012007-09-14T13:07:00.000-07:002007-09-14T13:07:00.000-07:00And speaking about the World Class Prairie cities,...And speaking about the World Class Prairie cities, I am from World Class Winnipeg - I left 20 years ago - anyway many friends still live there. They have lovely "paid for" houses, take great trips in the winter. Many have cottages. The does not appeal to me but many people are happy there and have a very nice life (some people don't mind the cold- which is odd but true).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-26598521545354146292007-09-14T11:13:00.000-07:002007-09-14T11:13:00.000-07:00More good news for the bears from the Canadian Re...More <B>good news for the bears </B> from the Canadian Real Estate Association: <BR/><BR/>Average home price slips $6,600 in August (Nationwide)<BR/><BR/>http://tinyurl.com/2mhbfr<BR/><BR/>Usual spin comparing prices to a year ago. This is like buying a stock that is up 20% from a year ago but has been falling for the last two months. <BR/><BR/><I>August's decline was due largely to drops in Alberta, where the average price in Calgary fell $13,000 to $423,801 and Edmonton's average slipped $8,100 to $345,809.<BR/></I> <BR/>I guess all the Alberta buyers will be flocking to <B>World Class Victoria</B> which is immune to what is happening elsewhere in North America. <BR/><BR/>Lets see if the TC publishes this one tomorrow!!Anonymousnoreply@blogger.com