Canada suffers worst monthly job loss since 2009

[Liberty]

http://www.theglobeandmail.com/report-on-business/economy/jobs/canada-sees-biggest-monthly-job-loss-since-2009/article2225234/

[alertmeipp]

When are we going to see a hard landing on Canada real estate?

[Smazz]

When are we going to see a hard landing on Canada real estate?

Interest rates - being this low the Agents keep telling buyers its a great time to buy!

 

Having said that, my sister just bought a new place just outside Stoney Creek/Winona (Souther On for those outside the Province/Country) and she has had her closing date changed quite a few times.

In fact she was supposed to be in there this September but they havent even started construction yet. Just not enough units in the complex sold. I believe the latest revised closing date communicated to her would be this coming Feb but i cant see that happening. Purchases are not going to go up in the winter.  I did not see her contract but she told me it contains a provision for the builders to delay the closing date 3 times.

[Liberty]

When are we going to see a hard landing on Canada real estate?

 

No idea, but if it happens in the next few years, I'll be looking to move out of the apartment to buy  :)