LogFAQs > #895190802

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TopicSigned off on a condo, cuz buying a house alone was impossible. Whelp.
supergamer19
01/31/18 3:36:30 PM
#19:


Doctor Foxx posted...
Prices haven't really followed that decline but they will need to.


I thought so to, but now I'm starting to debate it. Even with the harder stress tests, the minimum wage increase, and the foreign sales tax, nothing seems to be tanking. Slowing down a bit, sure, but it's still overwhelmingly a buyers market. Everything is literally being picked up before its even built, it's insane. I know of one house only that decided to take itself off the market. The owner went all out and straight up asked for a million dollars instead of letting a bidding war happen.

It wouldn't have hit a million with a bidding war anyway, so he just took himself off the market.

I think if anything does happen, it'll happen to Vancouver first. If nothing happens, Toronto is going the way of New York, where prices never decrease.
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