Thursday, July 24, 2008
Slowdown in real estate across Canada
Ozzie Jurock on Global TV July 23, 2008
THIS WEEK: Slowdown in real estate across Canada
Ozzie Jurock discusses the slowdown in real estate across Canada. Vancouver, for example, has seen a year-over-year decline in sales of 43%.Jurock.com Email Dispatch: Get video updates by email
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Labels: bc, british columbia, canada, downturn, montreal, ottawa, ozzie jurock, real estate, regina, saskatoon, slowdown, toronto, vancouver, victoria
posted by Ozzie Jurock at
1:48 PM
1 Comments:
A great and simple analysis of the Vancouver market. the 75% affordability is just not right and surely off shore buyers would one day stop fueling it, because the prices would go so high. And with the 40 year mortgage gone, it would get only worse. I guess it is a good thing the market got a slap on the cheek to wake up. Sure, everybody wakes up grumpy, but in the end, they come to their senses. As a Vancouver realtor I truly hope for the best.
Jay
By
Vancouver real estate agent, at 1:23 AM
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