Quote:
Originally Posted by tvp2003
Is there much value in "Canada-wide" analysis when the situation/markets are so diverse and unique (i.e. Calgary versus Vancouver versus Toronto versus ?). Serious question.
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Quote:
Originally Posted by Yoho
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I have read a few articles regarding PIMCO cutting some of their holds. They all seem to range from 10-30%
As tvp said, Canada is so often bunched into 1 category of real estate values when it is so different in each province. Where do they hold most of their real estate? Vancouver & Toronto I would assume as those have been mega hubs and if so, I think it is fair for them to cut some of their holdings. Im surprised it took this long.
On the other hand, how long have we been hearing about a correction and how we are just behind the US and havent seen the worst of it. Surely 1 day prices are going to correct themselves and all these people will come out and say "told ya so" but that's like me predicting the flames winning the stanley cup. One day it will happen and I can make myself sound genius!