Why are there so many homes (like luxury or executive)?
for sale in Ontario (Barrie,London,Windsor)???
They are priced too good to be true compared to here in Alberta and we are thinking of moving tere instead of paying a whole lot for a whole lot of nothing here.
I am curious why so many homes are for sale there, and who is buying them?
Would it be a good idea to buy one of these homes in Ontario while the prices are low…my husbands works out of town anyways, so work isnt a problem, I just feel like im being ripped off buying a home in Alberta.
The economy has a lot to do with the price of homes – supply and demand. You should also look at the unemployment rate almost 8 in Ont compared to 3% in Alberta. When people are working and have money in their pockets they can afford the big ticket items like luxury homes. Also has more people have this money it becomes a supply and demand – the greater the demand for these homes – the greater the price. In Ont if the jobs aren’t there and there aren’t the people who can afford to buy them then the price also reflex in the lower price. When people who have bought these homes find that can’t afford to keep them for whatever reason you will find the prices reflexed.
February 8th, 2010 at 12:10 pm
The economy has a lot to do with the price of homes – supply and demand. You should also look at the unemployment rate almost 8 in Ont compared to 3% in Alberta. When people are working and have money in their pockets they can afford the big ticket items like luxury homes. Also has more people have this money it becomes a supply and demand – the greater the demand for these homes – the greater the price. In Ont if the jobs aren’t there and there aren’t the people who can afford to buy them then the price also reflex in the lower price. When people who have bought these homes find that can’t afford to keep them for whatever reason you will find the prices reflexed.
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