jayzo
-
Posts
3 -
Joined
-
Last visited
Content Type
Profiles
Forums
Events
Blogs
Gallery
Posts posted by jayzo
-
-
Read these Guys. The real estate is not going to look good in 2018... I see a lot of people are cashing out and selling their condos right now. Typically October is a slow month but I see more listings to the market even assignments. Guess what will happen next...
I feel bad for those people that bought presales recently in New West ,Langley and those paid over $1200-1400/sq ft condos... Increase interest rates, uncertainty to re price in 2 yrs later and mortgage restrictions etc...
The BC Real Estate Discussion Thread
in Off-Topic General
Posted
The whole mortgage tidening in 2018 shows that there is a housing bubble. If Bank of Canada doesn't believe that banks can recoup 80% of the value of a house thru a foreclosure sale then you know a crash is coming soon...