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RBC Financial Group

Mar 5, 2008

Home buying intentions at 'lowest level in several years,' RBC finds

“While purchase intentions in Alberta remain the highest in the country, we may see a slight cooling as potential homebuyers decide to sit tight this year”

A Royal Bank of Canada study points to "a potential shift in the Canadian home buying landscape," with purchasing intentions the lowest in years. via CBC News

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“Continually Updated from Net”

Joined: Jan 23, 2007
Comments: 8342
A PBS place in an MTV world
ISP Location: Toronto, Canada
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#1
Mar 6, 2008
 
siloviki wrote:
<quoted text>
No no, the math is entirely correct, I was "talking" to the person that said they bought a "435k" house, being facetious.
The '?' would be the response when I say "but you paid 775K for it.
Just FLIP it....lol (like they are doing in the states right now....roflmao.
The feeding frenzy catches up to all of us, some just at a later date.
And if things go "negative equity" have fun paying off your 775K mortgage.
http://www.topix.net/forum/world/canada/TJFPK...

“Continually Updated from Net”

Joined: Jan 23, 2007
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A PBS place in an MTV world
ISP Location: Ottawa, Canada
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#4
Mar 8, 2008
 
February housing sales drop 10%, and price growth slows too

Posted: Mar 05 2008, 1:43 PM by Shane Dingman

By Garry Marr Break out the champagne, housing sales in the Toronto market have slipped by more 10%. The Toronto Real Estate Board says a sharp decline in sales last month is not anything to be worried about. Overall, February sales this year were down 11% in the greater Toronto area from a year ago...

http://network.nationalpost.com/np/blogs/toro...
siloviki
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#5
Mar 8, 2008
 
Nothing to worry about says the realtors and banks and gov't.

“Continually Updated from Net”

Joined: Jan 23, 2007
Comments: 8342
A PBS place in an MTV world
ISP Location: Ottawa, Canada
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#6
Mar 8, 2008
 
Freezing in the Dark 5 hrs ago | Rabble.ca

... over 25 years on Vancouver Cooperative Radio .
Freezing in the Dark 14:05 minutes, 12.9 Mb Host:
Peter Royce

Canada is a producer and net exporter of oil.

As such it does not keep reserves of petroleum. Yet this national status masks an important ...

http://www.rabble.ca/rpn/episode.shtml...

Related Topix: North America, World News, Organization of the Petroleum Exporting Countries
siloviki
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#7
Mar 8, 2008
 
Don't keep reserves, that way gas/gas can be kept artificially high, benefitting gov't and corporations.

Why would CANADA keep reserves? Hell we don't need it anyway....
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