Comments on: Resale Prices Up In Canada, What Does This Mean for U.S. Investing? http://agentgenius.com/real-estate-news-events/resale-prices-up-in-canada-what-does-this-mean-for-u-s-investing/ News About Real Estate Social Media, Marketing, Technology Sun, 21 Mar 2010 11:35:45 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: Norm Fisher http://agentgenius.com/real-estate-news-events/resale-prices-up-in-canada-what-does-this-mean-for-u-s-investing/#comment-42423 Norm Fisher Thu, 26 Nov 2009 22:53:13 +0000 http://agentgenius.com/?p=20384#comment-42423 The average selling price of a Canadian home was up over 20% year-over-year in October which is hard to comprehend given that we're seeing job losses at a greater rate than the United States. The general buzz about our housing market has gone from "complete bust" in March, to "heating up" around July, to "sizzling hot" by September. Now we're hearing bubble talk on a daily basis as we've just surpassed a new high of $341,000 for a Canadian home. I think Jonathon is right that the smart real estate money will be shopping in the U.S. but there will be no shortage of would be investors willing to buy in Canada at record level prices. Apparently, a new condo project in Toronto had them lined up deep the day before they opened the sales centre yesterday. I don't get it. The average selling price of a Canadian home was up over 20% year-over-year in October which is hard to comprehend given that we’re seeing job losses at a greater rate than the United States. The general buzz about our housing market has gone from “complete bust” in March, to “heating up” around July, to “sizzling hot” by September. Now we’re hearing bubble talk on a daily basis as we’ve just surpassed a new high of $341,000 for a Canadian home.

I think Jonathon is right that the smart real estate money will be shopping in the U.S. but there will be no shortage of would be investors willing to buy in Canada at record level prices. Apparently, a new condo project in Toronto had them lined up deep the day before they opened the sales centre yesterday.

I don’t get it.

]]>