 鲜花( 1)  鸡蛋( 0)
|
欢迎讨论, 但千万别拍砖.6 _8 w; B- U' D/ e
) ?( B2 [9 X }) ?$ {http://www.globalnews.ca/money/w ... 42638608/story.html. o& G9 L0 o5 S+ B' Y
( d7 s% ~4 B+ R: ?: @7 j8 K* gOTTAWA - For most Canadians their home is the biggest investment they'll ever make — but they might be surprised to learn you can use if for more than just sleeping.
/ r3 [. Z: e' |4 S
+ `4 z- s$ a+ w, M3 Z% C3 U/ EPeople generally don't think of their homes as a potential pile of cash in the bank, but experts say it's something worth pondering now that home prices in Canada may have hit their peak.% x* _ t) S) E* u+ ^6 ~
2 A9 e! g6 G1 N9 y+ _8 {: z$ a- r E
In fact, analysts say if finance is the only consideration, conditions now and into next year or so form a seldom seen sweet spot for using home equity as a type of asset for investment.
" ?0 n3 M# h1 j [0 a/ c7 n( E2 f3 i- \. s
Why might it be a good time to sell?) W$ M8 C: u7 }+ h) i; N
5 c1 j* z3 m/ o1 d4 I. jAt about $370,000 average nationally — and just under $800,000 in Vancouver — home prices are already at record levels. Many observers believe prices are long due for a downward correction of anywhere from 10 per cent to 25 per cent, perhaps more in some of the hottest markets.) z, Q' t" |, l/ @3 w
1 {/ H; l) W2 w" m" f) t% H; ?+ ^"Home prices to income, housing price to rent, all the indicators are setting off warning signals," said Derek Burleton, a senior economist with TD Bank.. i7 e: q0 w( G$ E' S- A2 k
8 R2 V, ]0 K; h% z% k" \* U
"If you are purely in it for reaping profits, now is not a bad time to sell" before prices drop.0 Z. ], K- O& f k5 D
Q$ X9 h1 W* o( |
The profits from selling a home can be used to build savings, eliminate debt, make traditional investments or, ironically, buy more real estate — albeit in a different market where home prices are lower." ]& A- H) P- U% @$ o4 J o
) G8 L' _" F+ ]5 ?Of course, even if it makes sense financially, selling the family home to rent or move to a less expensive housing market doesn't make lifestyle sense for the vast majority of Canadians.
+ A S, i& m* s& r: c8 ~& I9 ^) l! P) l* w7 ^& u
Burleton knows how they feel.! d/ @0 J. E, Q/ b6 y
& [6 @, g: ]" W$ }6 i"I wouldn't want to sell my home right now even if I wind up taking a hit on the home price, just because I enjoy where I'm living and moving is a pain," he said.
( D% E, n0 M$ D. y* i) F$ D" J7 K) \/ [+ v S& {: B
While there's no guarantee of a correction, observers note there are additional signs that the housing market could cool off in a big way.8 `8 J% E! ?6 a u
' N& V4 y9 }. MWith ownership levels near a record 70 per cent, demand is expected to wane, making it a buyers market for the first time in years.+ W& R/ P# I4 t: w
; n) f, q" g) R( ]And Bank of Canada governor Mark Carney warned last month he was preparing to hike rates, which along with tighter lending rules being applied by federal authorities could trigger a flight from real estate.
# s( w. T# K, m# u) t
& o6 R' m) R9 d2 m5 uIn market terms, selling a home at the peak is a way of "locking in" profits accumulated over the past decade of price appreciation — and tax free if it's the principal home.9 m6 J* D2 K; d% V6 Y+ s L% v
; c3 Z) O9 ^5 G- }Meanwhile, home valuations have been rising far faster than the rent they would fetch since at least 2000. Canada's home price-to-rent ratio is well above historic norms and among the highest in the advanced world.
5 D- s& |, C+ b+ `' P+ l5 W9 q/ k7 m$ ~# \0 Y4 }1 i- {
That is a hard indicator that homes are over-valued, but also that renting is relatively cheap compared to buying.
3 R. q( f+ q* X! e. d# w' e( @
0 j/ S' ` e$ q: E7 h }" wDavid Madani of Capital Economics, who anticipates a 25 per cent price crash over the next few years, cautions that like selling stock shares, timing is always tricky.
* c- ]' v9 `0 J- }/ \- y" z( Y' r$ I# q$ l' {3 t6 J: ^# c9 @* j
"We're dealing with irrational exuberance. We've been treating housing like some magical financial asset that is going to solve all our problems because prices are always going up," he said.9 L( u/ O/ Y3 D; h& p) J8 R: ~
8 \7 X+ p1 v a" A Y$ R* I"Of course, when the turn comes, the over-confidence that drove the market up can turn to fear. You are dealing with emotion ... so I don't believe in a soft landing."
- v/ _& j0 ^3 A0 G: F$ P7 s- D7 q/ Q' L$ }8 X
The market is clearly at or near peak, he said, so soon may indeed be the time to act.9 x n) _6 N! l4 n$ L; S# o# k0 T6 ]
. J( b N! Q% c
But then again he felt that way a year ago, he points out, and if households had acted on his advice they might not have gotten all the value they could from the premature sale. |
|
狗仔卡
发表于 2012-5-12 08:39
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
显身卡
