tag:blogger.com,1999:blog-5936637281134795592.post7041941797627728413..comments2024-03-08T08:55:52.985-08:00Comments on Whispers from the Edge of the Rainforest: ObliviousUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5936637281134795592.post-28541062447159491042010-08-27T21:38:39.889-07:002010-08-27T21:38:39.889-07:00"Guess how many homes priced above $750,000 m..."Guess how many homes priced above $750,000 managed to sell in July?" <br /><br />You're speaking about new built homes. It's misleading not to include this fact.<br /><br />Otherwise keep up the good work.Bob Arctorhttps://www.blogger.com/profile/01778550301687540082noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-10363505250140543022010-08-27T20:29:38.514-07:002010-08-27T20:29:38.514-07:00The Canadian consumer is saying "Damn the rec...The Canadian consumer is saying "Damn the recession/depression, full speed ahead with borrowing and spending"<br /><br />The following is from the Bank of Canada web site:<br /><br />"Two thirds of credit outstanding to households is for residential mortgages."<br /><br />From July 2009 to July 2010, total household credit in Canada increased by 103.1 Billion$.<br /><br />The total household credit in Canada as of July 2010 was 1466 billion$<br /><br /><a href="http://credit.bank-banque-canada.ca/householdcredit" rel="nofollow">http://credit.bank-banque-canada.ca/householdcredit</a><br /><br />Between Canadian consumers and our Governments, I think we are going into debt at a faster rate than the United States.<br /><br />Get set for a very rough landingAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-27376750170338075852010-08-27T06:23:10.524-07:002010-08-27T06:23:10.524-07:00To be fair, I believe that home sales figures are ...To be fair, I believe that home sales figures are rounded to the nearest thousand. So, it is conceivable that up to 499 houses over $750,000 were sold.<br /><br />While still minuscule in the overall picture, it may be a small consolation for real estate bulls.<br /><br />ShoobedoowaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-26445168427665006542010-08-27T03:41:22.731-07:002010-08-27T03:41:22.731-07:00Your comment at the end about "30-year fixed ...Your comment at the end about "30-year fixed ..." got me thinking.<br />Why do we not have that in Canada? Is it simply banking practice based on risk/profit considerations? Would love your (and other readers) view on that. Thanks for the great work you've been doing!ATPnoreply@blogger.com