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Mortgage Broker News | 17 Nov 2010, 10:12 AM Agree 0
Ottawa’s housing sector in 2011 is expected to be a model of stability but it won’t achieve the same post-recession buzz that pushed average resale prices up 7.6 per cent this year.
  • Eyes Wide Open | 21 Nov 2010, 01:59 PM Agree 0
    I am waiting for this bubble to implode. Even though prices are rising, sales have dropped 20%. The jig is up, cheap money (low interest rates) and subsequently bidding wars are over, HST is here, stimulus money is done, time to come off the credit high, which has pushed up prices. Even a 10% price increase over the next 5 years translates to tons of money lost, when you factor in all the interest & property taxes you are paying. Have fun with your "investments" guys.
  • Eyes Wide Open | 21 Nov 2010, 02:00 PM Agree 0
    CORRECTION: I meant to say 10% DROP, which is inevitable, really, with all the talk of inflation, and baby-boomers ready to flood the market with empty nest houses.
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