Ottawa housing resale market plunges 27.4 per cent in November

[yycivang]

Sales of existing housing plunged 27.4 per cent in Ottawa in November as worries about the economy drove away buyers.

The decline in existing housing sales is accelerating and mirrors a big drop in sales of new housing, which were down 55 per cent in October.
The Ottawa Real Estate Board reported yesterday that only 646 singles, townhouses, condominium apartments and other housing were sold in November compared to 890 units a year earlier.

Sellers are facing tougher market conditions. The inventory of houses in November was 4,437 units, up 31 per cent from a year earlier. Sellers in November had their houses on the market an average of 42 days, up from 38 days a year earlier.

Source: Ottawa citizen

Housing resale market plunges 27.4 per cent in November

 

[他山之石]

卖的慢一点没关系，只要价格没降。不仅没降，还上升了很多。condominium apartments, up 17.4， 真是难以置信！

The strongest price gains were in condominium apartments, up 17.4 per cent to $261,063 and apparently driven by a stronger mix of more expensive units.

In the single-family group, prices gains were strongest for bungalows, up 10.6 per cent to an average of $292,079. Two-storey houses sold for an average of $327,615, up 7.8 per cent from a year earlier while townhouses sold for an average of $195,295, up 7.9 per cent. Average house prices for the month were $291,441 compared to $270,712 a year earlier, up 7.7 per cent.

Real estate board president Heather Skuce said the sales decline is in line with market forecasts by Canada Mortgage and Housing Corp." Sale prices continue to rise, and CMHC says Ottawa is becoming a balanced market."

 

[lostinblue]

卖不出去，不肯降价，价格反而升，PROPERTY TAXY也跟着升，只是在挣扎而已了。虽然坚持到经济恢复正常就没问题。

 

[陨石]

卖不出去，不肯降价，价格反而升，PROPERTY TAXY也跟着升，只是在挣扎而已了。虽然坚持到经济恢复正常就没问题。

你错了。统计的是成交价。就是已经卖出去了。成交是买卖双方的认可，即市场对价格的确定。这不是靠谁挣扎可以搞定的。

 

[阿搜]

初期都是这样的。价格下跌会慢于成交量下跌。

 

[闲得慌]

在多冷多，温哥华房价大跌的今年，渥太华还升了7.7%。这说明什么？说明渥太华的房价很有抗性。2009年很可能持平，这是保守的估计，2010年说不好，要看世界经济的总体情况了，但是跌的可能性仍然不大。这与中国的房地产情况完全不同，北京，上 海3-4年就翻了两翻，渥太华10年才不到一翻。而且，就是在北京、上海，房价有真正跌回去多少呢？

渥太华的这几年的房价涨得也就是比通货膨胀高那么一点点。要跌回2年前，我估计很难。最坏的估计是跌回到2007年的房价。但是，如果今后两年通货膨胀加剧，房价很可能持续上涨。

可怜那些等跌价等了5年的人！

 

[PLA]

不降是不可能的，降得很多也是不可能的。
经济回稳之前，没买房的敢买房也是不大可能的。

 

[yycivang]

According to the same report, "Six houses sold for more than $1 million in November, compared to just two a year earlier."
----------------------------------------------
If an average million dollar home is sold for 1.5 million, this extra 4 homes alone added almost $10,000 to the overall average home price. If the sale of December drops to 400-500 level, the same 6 houses would add almost $20,000 to the average sales price in this city. It is always good if you have the cash ready to buy an expensive home when the market is on its way down. Someone I know, his sister in law is closing on a nice house this month at a nice neighborhood on MLS, she negotiated a 20% reduction of the original list price of above 400K.

good time to buy? depends on your case. just do not forget to get a nice reduction.

 

[坐山雕]

在多冷多，温哥华房价大跌的今年，渥太华还升了7.7%。这说明什么？说明渥太华的房价很有抗性。2009年很可能持平，这是保守的估计，2010年说不好，要看世界经济的总体情况了，但是跌的可能性仍然不大。这与中国的房地产情况完全不同，北京，上 海3-4年就翻了两翻，渥太华10年才不到一翻。而且，就是在北京、上海，房价有真正跌回去多少呢？

渥太华的这几年的房价涨得也就是比通货膨胀高那么一点点。要跌回2年前，我估计很难。最坏的估计是跌回到2007年的房价。但是，如果今后两年通货膨胀加剧，房价很可能持续上涨。

可怜那些等跌价等了5年的人！

渥太华不是一座孤岛，
没有独善其身的可能，
只是跌多跌少的问题，
原材料的暴跌在技术上也使房价下跌成为可能。

 

[闲得慌]

渥太华不是一座孤岛，
没有独善其身的可能，
只是跌多跌少的问题，
原材料的暴跌在技术上也使房价下跌成为可能。

原材料的暴跌了吗？有具体数据吗？

怎么HomeDepo的东西都在涨？
劳动力成本也在涨

 

[嘟嘟狼]

原材料的暴跌了吗？有具体数据吗？

怎么HomeDepo的东西都在涨？
劳动力成本也在涨

他指的应该是比如石油，能源，金属那些原材料，不是你说的lowe‘s， Depot那些货物。制造那些东西的成本会下去一点，价格理论上自然会下去的。

 

[yycivang]

原材料的暴跌了吗？有具体数据吗？

怎么HomeDepo的东西都在涨？
劳动力成本也在涨

New House price dropped.

Last week, the government reported that sales of new homes fell in November to the slowest pace in almost 18 years, while new home prices dropped 11.5 percent to $220,400, the largest decline in eight months.

Home Prices Take Record Plunge : NPR

This graphic is the new home inventory data in metro areas in Canada. It is up 60% YOY. Highest since the 1990, the last time real estate bubble crashed.

Enough of 具体数据?

 

[benboo]

New House price dropped.

Last week, the government reported that sales of new homes fell in November to the slowest pace in almost 18 years, while new home prices dropped 11.5 percent to $220,400, the largest decline in eight months.

Home Prices Take Record Plunge : NPR

This graphic is the new home inventory data in metro areas in Canada. It is up 60% YOY. Highest since the 1990, the last time real estate bubble crashed.

Enough of 具体数据?

Confused. The linked article was about USA's house markets.
But I guess we are talking about Ottawa/Canada's house markets.

 

[闲得慌]

New House price dropped.

Last week, the government reported that sales of new homes fell in November to the slowest pace in almost 18 years, while new home prices dropped 11.5 percent to $220,400, the largest decline in eight months.

Home Prices Take Record Plunge : NPR

This graphic is the new home inventory data in metro areas in Canada. It is up 60% YOY. Highest since the 1990, the last time real estate bubble crashed.

Enough of 具体数据?

The price has dropped, so what?
To be honest, I have 7 apartments. I make roughly 10% return on my investment yearly from rental. I have no plan to sell any of them. You try to convince everybody not to buy a house, then go to rent and boost the rental business!

 

[PLA]

LOL

The price has dropped, so what?
To be honest, I have 7 apartments. I make roughly 10% return on my investment yearly from rental. I have no plan to sell any of them. You try to convince everybody not to buy a house, then go to rent and boost the rental business!