The worst season in US is the first half of 2009, then it will start strongly recovering with the leadership of the Democratics in the second half of 2009. The booming will show up in 2010 and 11.
For Canada with the leadership of the Conservatives... traditionally, there is a 6 months lag between US recovery and Canadian recovery. However, since the Conservatives and Harper never ever "anticipated" this crisis and didn't do the right things, the worst time for Canada will be the whole 2009 plus the first half of 2010.
I said this because in the past two years, the Conservatives successfully destroied manufacotries in the East. At the same time, the western oil industries these guys relying on are collapsing. So Canada actually has no soundable business except struggling RIM, bankrupting Nortel. More people are losing their jobs. the market is just starting to panic because the leaders have been misinforming and stupidly optismistic about the economy.
Months ago, our PM even answered it is a good timing to buy stocks when he was asked his comments on the US economic crisis.
谁知明年怎么涨,手里没货心更慌!
What you said could be true.
但是,我对渥太华的房价还有点信心,仅此而已!
Hmm... Seems many other are not as confident as you.
New home sales lowest in decade.
OTTAWA -- New house sales plunged 65.9 per cent in November to just 156 units as buyers fled the market while they wait for the global economic crisis to ease.
The Ottawa Home Builders Association said that it was the worst month for sales in any month over the last decade.
Sales of single-family units fell the hardest, down 72 per cent to just 58 units. Low-rise units which includes semi-detached and townhouses fell 60 per cent to 98 sales.
Only 13 condominium apartments were sold during the month.
New home sales lowest in decade
如果条件允许,买房自住有什么好亏的?我有个同事不舍得花钱买房子,把省下来的钱都投到股票和基金里了,还不是亏得一塌糊涂,还不如早买大房子早享受大房子带来的舒适呢!