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Was that a Real Estate Bubble that just floated by?

 A real estate bubble is defined as a period of  rapid increases in valuations of  housing until they reach unsustainable levels relative to incomes and other economic elements, followed by a reduction in price levels.
As the economic pendulum swings to and fro in Canada, in Barrie Ontario that sway has always been less exaggerated than in other larger Canadian urban centers. Maybe it is our conservative nature. Maybe it has to do with our persevering attitudes that see us through extreme weather shifts.
When Barrie awakens to two feet of fresh snow we get on with our day. Toronto shuts down and calls in the Army. Somewhere in there lies the difference but whatever spawns that herd mentality that drives Toronto and Vancouver's masses to orgiastic home buying crescendos is never seen here in easy go lucky Barrie Ontario or at least thankfully not to those extremes. 
Much of 2009 gave us lower sales numbers than the previous year but by the fall of 2009, statistics for much of Canada showed market activity up over the previous year's fourth quarter. A shift had begun away from wait and see attitudes mainly fed by  American cable news channel's nightly cries and chants of economic killer bees that never did find their ... more

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