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So when’s the housing bubble bursting?

bc.ctvnews.ca

Property management company's licence suspended, accounts frozen in 'urgent' BCFSA order

The B.C. Financial Services Authority has frozen a property management company's trust accounts and suspended its licence after what the regulator calls "repeated failures to provide compliant financial records."
bc.ctvnews.ca bc.ctvnews.ca


bc.ctvnews.ca

Battle over West Vancouver housing heats up

The province's housing targets – meant to increase density—are getting serious pushback from one of Canada's wealthiest municipalities.
bc.ctvnews.ca bc.ctvnews.ca
 
www.yahoo.com

This 23-Floor Manhattan Office Building Just Sold at a 97.5% Discount

NEW YORK — In 2006, the hulking office building at 135 W. 50th St. in midtown Manhattan sold for $332 million. Tenants occupied nearly every floor; offices were in demand; real estate was booming. On Wednesday, it changed hands again, in an unusual online auction — for $8.5 million. The...
www.yahoo.com www.yahoo.com
Bought for over $330 million in 2006...........................sold for $8 million....
 
the housing climate is my city is like this:

$390k - $425k homes are nonexistent.

There is a clear gap between what people want and what people don’t want. Desirable homes are hitting the high $400s and less desirables are coming in around $320s and lower.

New builds are outside the city and are coming in the $430s.

We haven’t made an offer since late June.
 
DC_Dude said:
You think it’s going to continue to drop?
Click to expand...

That's tricky.

The market seems enthusiastic about it but the market also thought that we'd have 7 rate cuts this year. Lol. This tweet is from December last year.



Fed officials don't seem eager to slash rates. We'll definitely get a cut in September since they've already hinted at that. But November and December will probably still depend on the next few inflation and unemployment reports.



 

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