Average home prices in July were lower than they were in June, but sales numbers and average prices are still up sharply compared to the same month a year ago, new data showed Tuesday. The Canadian Real Estate Association said
There is a general belief that if we repeat a mantra often enough it becomes true. So far the Canadian housing slump has not happened and the Canadian real estate market keeps chugging along with no hint of derailment. The
It’s fair to say that when it comes to predicting the future of real estate prices, the right hand doesn’t seem to know anything about the left hand. Just a couple of days ago, the press was busy taking about the possible collapse of real estate markets.
We just can’t seem to keep those eager fear mongers quiet. No matter what the actual real estate numbers show, they insist that the end is near, and that we should all run for cover. What utter nonsense!
While the title of this article may sound a bit dramatic, it is intended to catch your attention to discuss why building a large house may not be the best financial move you can make.