Urbandale Kanata Lake New home
- 主题发起人 Palermo
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这话才是对的。买房是住的，早买早享受。除非你想拿房子做投资。
benboo
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But CMHC expects the average house price in Ottawa would be up by 3.6% in 2009.
http://www.cmhc-schl.gc.ca/odpub/esu...1_2008_B02.pdf
http://www.cmhc-schl.gc.ca/odpub/esu...7_2008_M10.pdf
Homeowners' new reality: You're suddenly poorer
reportonbusiness.com: Homeowners' new reality: You're suddenly poorer After years of making Canadians feel steadily richer, home ownership is starting to do the opposite. The average value of a resale home is expected to be $297,600 next year, according to the Canadian Real Estate Association. Just three months ago, it was forecasting that number would reach $320,200. While that kind of decline might be a real hit only to buyers who got in at the peak of the market and want to sell in 2009, it captures an emerging trend where values have begun to erode. Homeowners are about to feel poorer even if they aren't ready to put out a for-sale sign.
reportonbusiness.com: Homeowners' new reality: You're suddenly poorer After years of making Canadians feel steadily richer, home ownership is starting to do the opposite. The average value of a resale home is expected to be $297,600 next year, according to the Canadian Real Estate Association. Just three months ago, it was forecasting that number would reach $320,200. While that kind of decline might be a real hit only to buyers who got in at the peak of the market and want to sell in 2009, it captures an emerging trend where values have begun to erode. Homeowners are about to feel poorer even if they aren't ready to put out a for-sale sign.
SweetBunny
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最近刚买房子的也不用过分忧虑，--- when you look back after 10 years, this drop in house price (maybe it won't drop at a city like Ottawa) would not be a big deal --- there are more important things in life like health, family, etc., etc., etc.
1989 Canadian House Market Peaked.
The house market started to drop as much as 40 percent till 1993 when the market bottomed. The recovery took about 10 years until 1998. The factor of the recovery included new immigration from China and India, the second generation of baby boomer etc. Now looking at future, do you see what major demographic change will benefit house market? The only factor I see is the downsizing of baby boomer from single house to multiple units. I never see so many condo projects in westboro area? There is reason indeed.
If someone bought at peak time, I don't think he/she would be happy for the 10 year recovery period. There is a mental health issue as the situation in the recent financial market.
Timing is everything.
The house market started to drop as much as 40 percent till 1993 when the market bottomed. The recovery took about 10 years until 1998. The factor of the recovery included new immigration from China and India, the second generation of baby boomer etc. Now looking at future, do you see what major demographic change will benefit house market? The only factor I see is the downsizing of baby boomer from single house to multiple units. I never see so many condo projects in westboro area? There is reason indeed.
If someone bought at peak time, I don't think he/she would be happy for the 10 year recovery period. There is a mental health issue as the situation in the recent financial market.
Timing is everything.
SweetBunny
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There is no 40% drop in house price in Ottawa. I do not know where you get the info that "The house market started to drop as much as 40 percent till 1993 when the market bottomed. The recovery took about 10 years until 1998." --- at least it is not Ottawa.
SweetBunny
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This is the link to the average house sale price in Ottawa for the last 52 years. Ottawa Real Estate Board - Average OREB Sale Prices.
1956 $ 13,351 0.2
1957 $ 14,230 6.6
1958 $ 15,564 9.3
1959 $ 16,038 3.1
1960 $ 16,791 4.7
1961 $ 16,070 -4.3
1962 $ 15,952 -0.7
1963 $ 16,549 3.7
1964 $ 16,563 0.1
1965 $ 17,056 3.0
1966 $ 18,004 5.6
1967 $ 19,476 8.2
1968 $ 23,329 19.8
1969 $ 25,652 10.0
1970 $ 26,532 3.4
1971 $ 27,808 4.8
1972 $ 30,576 10.0
1973 $ 38,305 25.3
1974 $ 46,661 21.8
1975 $ 49,633 6.4
1976 $ 54,623 10.1
1977 $ 57,032 4.4
1978 $ 59,134 3.7
1979 $ 61,896 4.7
1980 $ 62,748 1.4
1981 $ 64,896 3.4
1982 $ 71,080 9.5
1983 $ 86,245 21.3
1984 $102,084 18.4
1985 $107,306 5.1
1986 $111,643 4.0
1987 $119,612 7.1
1988 $128,434 7.4
1989 $137,455 7.0
1990 $141,438 2.9
1991 $143,361 1.4
1992 $143,868 0.4
1993 $148,129 3.0
1994 $147,543 -0.4
1995 $143,193 -2.9
1996 $140,513 -1.9
1997 $143,873 2.4
1998 $143,953 0.1
1999 $149,650 2.4
2000 $159,511 6.6
2001 $175,971 10.3
2002 $200,711 14.1
2003 $218,692 9.0
2004 $235,678 7.8
2005 $244,531 3.8
2006 $255,889 4.7
2007 $272,618 6.4
1956 $ 13,351 0.2
1957 $ 14,230 6.6
1958 $ 15,564 9.3
1959 $ 16,038 3.1
1960 $ 16,791 4.7
1961 $ 16,070 -4.3
1962 $ 15,952 -0.7
1963 $ 16,549 3.7
1964 $ 16,563 0.1
1965 $ 17,056 3.0
1966 $ 18,004 5.6
1967 $ 19,476 8.2
1968 $ 23,329 19.8
1969 $ 25,652 10.0
1970 $ 26,532 3.4
1971 $ 27,808 4.8
1972 $ 30,576 10.0
1973 $ 38,305 25.3
1974 $ 46,661 21.8
1975 $ 49,633 6.4
1976 $ 54,623 10.1
1977 $ 57,032 4.4
1978 $ 59,134 3.7
1979 $ 61,896 4.7
1980 $ 62,748 1.4
1981 $ 64,896 3.4
1982 $ 71,080 9.5
1983 $ 86,245 21.3
1984 $102,084 18.4
1985 $107,306 5.1
1986 $111,643 4.0
1987 $119,612 7.1
1988 $128,434 7.4
1989 $137,455 7.0
1990 $141,438 2.9
1991 $143,361 1.4
1992 $143,868 0.4
1993 $148,129 3.0
1994 $147,543 -0.4
1995 $143,193 -2.9
1996 $140,513 -1.9
1997 $143,873 2.4
1998 $143,953 0.1
1999 $149,650 2.4
2000 $159,511 6.6
2001 $175,971 10.3
2002 $200,711 14.1
2003 $218,692 9.0
2004 $235,678 7.8
2005 $244,531 3.8
2006 $255,889 4.7
2007 $272,618 6.4
