HawthorneVillager.com

Where do you get these numbers?

youve been predicting doom and gloom and it it hasnt happened! prices are up and with the conservatives in a majority it further added stability to our ecenomy as a whole. you say you were wrong yet predict your gloom is still comming. listing are down and it doesnt make a difference. may actualy spike pricing as there is not enough demand!

Interesting comments and information everyone.

Here is another source of information from the Town that has started publishing the monthly building statistics this year at www.milton.ca under the building department, along with other information such as building permit applications, issued permits and occupancies which works out to 4.7 families a day everyday moving into Milton in April.

http://www.milton.ca/plandev/building/S ... il2011.pdf

Please note the year to date residential issued permits which has doubled to 724 new homes so far in 2011 compared to 336 new home permits at the same time in 2010.

Colin Best
Local & regional councillor
Chair Milton Administration and Planning Committee

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What you predicted is coming to fruition?

May 2010, peak price was $446,000





GTA:
April 2011 Avg Price: $477, 407
April 2010, Avg Price: $437, 600

http://www.torontorealestateboard.com/c ... h_0411.pdf

Now you bring up a strawman and want to deviate your 'predictions' to volume of sales instead of your acclaimed peak price, you NEVER talked about volume last year. Nice try but pretty amateurish. LOL

Seriously, you should just go hide in ABBOTTABAD or somewhere.

Dabills, now you listened to Ol Skool and sold your house and now renting, you could sue him for misleading you no?

Had an interesting conversation with a Chinese co-worker who told me about the "situation" in China. Basically, if you think real estate is going crazy here, you should see China. He said that majority of people are living in million to multi-million dollar homes (when converted to Canadian currency). These people paid very little for the houses years ago. He got into politics and political rules/regulations and the state of China etc. but without getting into details (it was a good hour conversation) he said that they are selling their houses in China and coming to Canada with enough money to buy at least one house cash if not many houses. They consider real estate in Canada a "real bargain" and "dirty cheap". He also said they only want to live around the major centers, Vancouver and Toronto.

He told me this because he listed his house a week prior in Scarborough. He didn't accept offers for 1 week and the first day he accepted offers his house sold. After 14 offers, he accepted the highest one -- from another Chinese immigrant -- cash -- no conditions.

He also said they are still actively investing in real estate and renting the properties. He said they "do not care about appreciation/depreciation because their goal is that when their children grow older, they will gift the house to their children (or sell it at whatever market value so they can purchase their own home -- at the current market value).

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all you guys bullshit comparing china, ireland, gdp and everything else means nothing, the numbers speak for themselves. thank god for tory majority, under joke layton i may have had to agree on your far off predictions.

http://online.wsj.com/article/BT-CO-201 ... 19837.html



So let's say a 50/50 split between Toronto & Vancouver.

That's still 3000-3500 Chinese millionaires looking for real estate. Say 1,750 per city per year. That's a large amount of home purchases when you look at the monthly totals (which include the average joes as well as immigrants from all over the rest of the world).

The other 30,000 or so also aren't coming into the country penniless. They may not be millionaires but many have $300-500k in their pockets.

Also, the government recently *increased* the quota to 1.6 million from $800,000 because there was too many people who qualified. Something they could easily revert back to if so required to boost the economy.

You mention "saving the US" -- what does their percentage of immigration by population look like compared to Canada's?

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no point getting into an argument wit Ol Skool - he will never agree with you, and he will always state some other "facts" that back up what he is saying. He has many entries in an entire thread based on prices going down by MORE than 10% he says, and yet the average price keeps going up month after month after month - but just wait, it's coming!

I stopped pointing out his "facts" were wrong a while ago - waste of time, but fun to read!

double post.

No issue dabills. believe me it would take more than a msg. board to get my wires crossed. im refering to ol skools bernake this, gdp, # of houses sold in Bucharest, Chief economists predictions for the u.s., cut and paste uselss information. your a pinko old skool. now i understand you. its very simple, we have demand for houses. until it subsides or there is no demand, prices will level off or fall. everything else is bullshit. if we look at prior posts started by older skool, he predicted house prices falling, doom and gloom, hasnt happened, now he has postponed his predictions. too funny!

Milton and Toronto are impervious to home problems. Values will always go up in the long run.

Slap an end date on your gloom predictions. This 'in the next several months' is too open ended. Its like when you were a kid and you owed someone money and you said "I'll pay you tomorrow', then when the guy came to collect you said, "I said tomorrow"

Also, stand up for your prediction. Say something like I'll run down main street buck naked at noon saturday or something if it doesnt happen by december 2011.

heres a question for old skool. what do you do for a living? your comming off as an expert economist. albeit and expert in bullshit as i can see right through you and so can many others here. maybe people just dont want to hear your b.s. ( except dabills ). post something positive for a change. all your cutting and pasting takes long hours man, go for a walk, smell some flowers, look at the nice sky! you get my drift.

I am confused here, while I agree that we are 4 months into a 12 month calender, however, you started quoting your views back in August last year:
http://www.hawthornevillager.com/phpbb/ ... 72&start=0

So, we are really 8 months into a rolling 12 month calendar.

So, if the average housing prices were 392K in August 2010 and they are now 411K, then the person who purchased will lose 20K in value (down to 370K), while the person who bought at 411K would lose 40K.

It's all relative, some people will make money on the sale of their homes, while some will lose money, it just depends on how much the 'Peak' prices are prior to them falling the 10% that everyone keeps stating.

Because nothing has changed in the country, the people, the population, the economy, or the world since 1989 - 22 years ago

Many people have gotten extremely poor trying to look at past economic trends and then make predicitons about what the future holds.

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ahhhh, getting personal. why dont you answer my question einstein of economics? you seem to know all there is on housing and money yet you lurk and spill your venom on a local board? you just can stand someone calling you out on your bullshit? i dont peddle anything, you are with you analysis, and biased predictions. you have the mental flexibility of a dandelion! any higher end home has a much smaller buyer pool from which to draw from, let me see which way i can make you understand this- 10 buyers looking for cars, 1 may buy a cadi, the rest will buy mid range honda and toyotas. let me know if you need something simpler as you seem to over complicate and skew data to your distorted vision. your comparisons are total irelevant and non factual, just like you!