Quote:
Originally Posted by username
I 100% agree with you - in fact I think the MBA I got was a complete waste of time. It's more a degree for net working than it is an actual learning experience.
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That's a lot of work, time and money.
Back to the numbers, August is mostly done and Mike Fotiou has a good summary as always (and an amusing clip he put up.)
http://calgaryrealestatereview.com/
SFH sales numbers continue to drop versus historicals, we'll probably end down about 33% from August 2009. Median pricing edging down 1-2% further from the 4.3% from last month.
Inventory is still pretty high but there will be a few hundred listings that will expire to knock it back to an even 6 months again. Historically, sales tend to slow down September into the winter - I have a hard time seeing inventory dropping back to a balanced market (1.5-3 months) for a while. Though I guess a a few thousand people could just give up trying to sell.
However, many of the analysts figure the rate hikes will slow down a bit:
http://www.canadianmortgagetrends.co...on-sept-8.html
But with sales slowing down so fast consistently all across Canada I can't figure out if it is due to:
1.) Rate hikes - I sort doubt this as fixed rate discounts have mitigated most of the 0.5%. And really, it's just 0.5% unless of course people are maxed out that badly.
2.) The threat of further rate hikes scaring people off maybe?
3.) Canadians finally hitting a wall with the massive loads of debt we've built up.
4.) People getting fearful of this potential "double-dip" economically
5.) ?? not sure what else I can think of.
Oh, and Mike F's video if you are familiar with the Bestbuy dude who lost his job: