lo_pak

回復 1# myversa

If it's double than Calgary and way higher than Toronto, I will not comment it's normal.
A healthy housing market should "match" with the general household income and reflect the "productivity" of the local economy.
We are not California, nor the NYC.
And, when you have an eye on the rental market, you know that the return is quite low in comparison.

lo_pak

回復 4# 大C姐

You are right in the first point. Most people buying those luxury houses are looking towards return from asset appreciation instead of rental potential.

However, there can't be a large gap in between the housing market and the rental market.

The price of properties in New Jersey and NYC is not compared by distance, it should be the economic of scales.

lo_pak

回復 10# Catpiano

Everywhere else has to be cheap if you compare to HK....

lo_pak

How amazing is this posting?? A day gets 182 replys...

lo_pak

回復 227# fibbi

I think 98-01 are the lowest - thanks to our greatest NDP...

lo_pak

回復 231# 大C姐

Saving that way can only happen in Asia. In Canada, our greatest government will tax you away...

lo_pak

回復 238# 快樂牛郎

I can tell it's not a good time to buy as mortgage rate is going up. People can't expect to have another double digit increase in the coming year. And, with the dispute on HST, there is a downturn and things will be pretty sluggish. For properties that are ~500K they are still okay, but sure not for the multi-million dollar ones. Furthermore, 3 years or so, the NDP "seems" to have a greater chance to win the election. Renting seems to be a bigger favour in a year or two.