Ottawa Real Estate MCQ

[auca]

Talking with a real estate agent on Sunday about Ottawa's real estate prices. I mentioned Ottawa Citizen's 1st headline article on Saturday , " Ottawa's Real Estate Reckoning" reported by James Bagnall. James wrote that Ottawa's housing prices have increased 50% since 1997 and have been the highest and fastest increases among Canada's six largest cities. He said " But the good times can't last". I gave the agent a multiple choice question(MCQ) as follow:

Question:
Why housing prices in Ottawa have increased so much and become the highest and fastes among six Canada's cities?

Anwsers:
A. Because buyers are smarter than sellers.
B. Because buyers have more money than sellers.
C. Because buyers know real estate market trend better than sellers.
D. Because interests are low and will stay low, low interests will certainly outperferm 50% soaring in housing prices.

The agent anwsered : None of above. But there is no " None of above", I said.

To get correct anwser, go to read James Bagnall's article in Citizen on Saturday, August 2.


PS: James is associate editor of Bisiness section . He used to write a few reports about laid off Nortel emplyees' story. It's pretty touching.

 

[有去无回]

最初由 auca 发布
Why housing prices in Ottawa have increased so much and become the highest and fastes among six Canada's cities?

Anwsers:
A. Because buyers are smarter than sellers.
B. Because buyers have more money than sellers.
C. Because buyers know real estate market trend better than sellers.
D. Because interests are low and will stay low, low interests will certainly outperferm 50% soaring in housing prices.

The agent anwsered : None of above. But there is no " None of above", I said.

To get correct anwser, go to read James Bagnall's article in Citizen on Saturday, August 2.


PS: James is associate editor of Bisiness section . He used to write a few reports about laid off Nortel emplyees' story. It's pretty touching.

What's your point?:blink:

 

[hotswapping]

i think its' because ottawa is too small, with lots of person coming, the need is increasing very fastly. plus the low morgage rate, so the price is higher and higher

 

[hh_ca]

Where is the citizen article? I could not find it from the citizen website.

Ceyba and SS8 are shutting their doors in Ottawa. Hope the families affected can make it through.

Thanks!

 

[Mooney's Bay]

Who can post the link of the article. I have read lots of comments on the article, but I could not find the article.
Thanks,

 

[auca]

I don't want to give any point here, and don't want to take other economists' point as my own either. CFC readers can get their own point from Citizen if they are interested in it. I searched Citizen website on Sunday and want to link it to CFC. However,the report is not there. If anyone is interested in the real estate market in Ottawa, he or she has to go to liberary to find the Saturday's Citizen. It was on the 1st page and 1st headline, and followed in Page 2. It has facts and opinions ,a fair bit contents.

I've subscribed the Citizen. Unfortunately, it is too long and I don't have time to type them in here.

James Bagnall is one of most respected editor in the Ottawa region. I read his reports and comments before.

 

[有去无回]

I was just wondering what did you mean by giving that MCQ. It does not make any sense to me.

 

[auca]

It is MCQ, not MLS. They are not twins, but close. No sense of humour? Maybe. Actually, there are no correct answers in this question." That is why "To get correct answer, go to read..." For housing prices, everyone has his own view. Only time can tell.

Hope it can clear youe wonderings.

 

[oread]

We didn't know and still don't know what the hell you were talking about. It's rather sad when no one laughs at your "joke", don't you think? Sad indeed. :blink:

 

[oread]

By the way, I've never heard anybody referring to multiple choice questions as MCQs.

 

[小傻]

这篇文章上周末我看了，渥京的房价这几年的涨幅是加拿大六大城市最高的。。。但说一点感性的认识，我们五月中买的房，到七月中去看的时候同一model已经长了两次价，每次4000。。。

低 mortage 的确刺激了市场。我一同事一直用的5yr fixed 7.3% 的mortgage，还觉得可以，他是跟80年代初15%， 16% 的比。。。在我不懈的鼓励下，周四他终于换到了 ing..但他想得不是快还完贷款，而是考虑再借，接着买另一套房子作investment...

泡沫总有被捅破的时候，但好像不是现在。。。

 

[auca]

Temperature seems increasd one after another. I was surposed to stop at last one. Due to the site manager querried , I wrote the original initiative to use MCQ.

I am pretty sad and sad indeed when I read your reply. It was not a joke and I did not try to make people laugh here at 1st place. Readers should be allowed to provide info at your site, you liked or disliked, sensed without sensed as long as no violation of the law or rules.

It was not an installation menu. Don't have to get meaning directly from words. Writing sometimes needs wording to get meaning between the words, or Chinese saying " behind the words". Go to Forums in moneysense.com or canoe.com or any local sites, I get nothing if I read word by word.

No any hostile at above reply. I'm going to stop here.

 

[有去无回]

俺想，看样子两个版主都没理解auca是想说明自己的什么观点，-----也没逼问出来 而auca对原贴的解释是指引大家去读一篇好文章，无论是那个MCQ还是其他内容auca个人想说明的问题(或者本来就明摆着的，俺就是不懂其中的幽默(道理)？)，打死谁auca都不说 :lol:
既然这样， 大家就当这个帖子是讨论渥太华当前房市泡沫问题(希望这点儿俺看明白了 )，有兴趣的请继续讨论。

 

[有去无回]

关于渥太华近几年(98年以后吧？)的房价疯涨，尤其是俺00年01年眼见着一万一万涨的Minto新房，俺认为是让当年渥太华火爆的IT业高薪族们炒起来的。当时的购买者大多数是在本地高科技公司工作的人们，本来已经高出传统行业很多的年薪，再加上公司优惠的股票收益，家中只有一份IT业收入的，买好房新房也不在话下…于是呼，所以然。当然这其中，一些政府部门工作的高薪雇员也是买家，但是其他行业的人，(除非是卖了老房换新房的，)几乎没有几成在这个时期能在渥太华买得起(或者说心理上承受得起如此火爆市场中)自己第一套房子的。
股市爆跌，IT业泡沫散去，裁员风狂起，大批昔日高薪族开始为工作发愁的时候，房屋贷款的利息降下来了，几十(三四十？)年的最低啊！
接过炒勺的俺认为是渥太华另一大雇主雇员-------一般的政府雇员们。
他们多数薪水不高，但工作稳定，是这个城市的长住民。超低的贷款利息使他们在狂涨之后的房市里购买力反而增强了。他们的一套房子可以住到自己不想住了，市场价格好的时候才卖，而不太会担心会面临因为失去工作而在房市走低也不得不卖房的窘境…看历来房市(也包括股市，各种投资)大势总是涨的，十年？十五年？总要涨出个新高，住的越久，赔到房租或者贷款利息里得也相对越少，而且再以至少不低于原价的价钱卖掉呢？…
俺觉得，跟IT业比，这一波算是小炒了，但也是让等着房市降温等到花儿都谢了的人困惑的‘房市恒温’状况。
IT业人士，比如渐渐的同事，前几年买的地产投资开始收益，目前没有工作也有房租收入，并且还可以作为下一个房产的低压。再比如小傻的同事，工作仍在，凭着低利息带来的高信贷额度，拿下一套投资房产------马上就能用房租养房子…也都是现在的买家…

炒楼花的人们是职业炒房产的，就象炒股市的，房市降温他们是输家，而住房的人们，买自己承受范围内的房子，依自家经济情况换下一个或更好或稍差的房子，从长远讲都不是输家。

买还是不买？卖还是不卖？租是不租？仁者见仁智者见智，丫丫的这点拙见，就是拿出来挨版砖的，俺保证，怎么拍俺都不火，也不会哭。:blink: :blowzy:

 

[越来越傻]

最初由 丫丫 发布
关于渥太华近几年(98年以后吧？)的房价疯涨，尤其是俺00年01年眼见着一万一万涨的Minto新房，俺认为是让当年渥太华火爆的IT业高薪族们炒起来的。当时的购买者大多数是在本地高科技公司工作的人们，本来已经高出传统行业很多的年薪，再加上公司优惠的股票收益，家中只有一份IT业收入的，买好房新房也不在话下…于是呼，所以然。当然这其中，一些政府部门工作的高薪雇员也是买家，但是其他行业的人，(除非是卖了老房换新房的，)几乎没有几成在这个时期能在渥太华买得起(或者说心理上承受得起如此火爆市场中)自己第一套房子的。
股市爆跌，IT业泡沫散去，裁员风狂起，大批昔日高薪族开始为工作发愁的时候，房屋贷款的利息降下来了，几十(三四十？)年的最低啊！
接过炒勺的俺认为是渥太华另一大雇主雇员-------一般的政府雇员们。
他们多数薪水不高，但工作稳定，是这个城市的长住民。超低的贷款利息使他们在狂涨之后的房市里购买力反而增强了。他们的一套房子可以住到自己不想住了，市场价格好的时候才卖，而不太会担心会面临因为失去工作而在房市走低也不得不卖房的窘境…看历来房市(也包括股市，各种投资)大势总是涨的，十年？十五年？总要涨出个新高，住的越久，赔到房租或者贷款利息里得也相对越少，而且再以至少不低于原价的价钱卖掉呢？…
俺觉得，跟IT业比，这一波算是小炒了，但也是让等着房市降温等到花儿都谢了的人困惑的‘房市恒温’状况。
IT业人士，比如渐渐的同事，前几年买的地产投资开始收益，目前没有工作也有房租收入，并且还可以作为下一个房产的低压。再比如小傻的同事，工作仍在，凭着低利息带来的高信贷额度，拿下一套投资房产------马上就能用房租养房子…也都是现在的买家…

炒楼花的人们是职业炒房产的，就象炒股市的，房市降温他们是输家，而住房的人们，买自己承受范围内的房子，依自家经济情况换下一个或更好或稍差的房子，从长远讲都不是输家。

买还是不买？卖还是不卖？租是不租？仁者见仁智者见智，丫丫的这点拙见，就是拿出来挨版砖的，俺保证，怎么拍俺都不火，也不会哭。:blink: :blowzy:

俺脚得，需要住了就得买，管它房涨房跌 一般first time home buyer都不是从投资的角度去考虑买房子的问题的