Interesting article... http://www.nytimes.com/2009/03/01/realestate/01walk.html?_r=2&hp

No worries at all... perhaps you're right, I just heard that they were happy to get financed (but it was under 'plan b', which included a hotel as they anticipated a high 'walk away' #)

Not my logic but I don't see why anything is being scrapped here... build approx # condos already sold and turn the unsold into hotel rooms. Happens everywhere. I never said size would change at all...

Will be part hotel... like Plaza in NYC, according to well placed source.

Heard a few weeks back that trump was recently refinanced under plan 'B' (a hotel)... Unsure if this takes any floors out.

I would add... It also may be quite a bit more difficult to sell my current house/condo into a 'soft' market... many won't want to make the sale at a discount in order to close.

tried to call but the phone just rang and rang and rang....

forgot one.... www.urbandigs.com Noah is from NYC (he's a broker with a large following as he is realistic)... NYC thought it was immune to global macro economic forces... not so much anymore. Toronto is about 6-8 months behind NYC, read Noah to get a feel for what will be happening soon in...

as Spongebob said to Plankton's plans to rule the world: "Well... Good luck with that!"

a few more... how about: http://www.canadian-housing-price-charts.235.ca/canadian_housing_price_scorecard.htm or http://thenumberstheydontpublish.blogspot.com/

19%... 19% ain't great if you don't see your principal again...

Thanks jetsme... fantastic site and I agree with you- Toronto is facing trouble. I think most are still in denial though...

where?

sorry, don't have any more details... buddy in the business sent me that one.

Cost of money for Canadian banks... Anyone notice that TD is raising money at 10%? Does not bode well... C$ Syndicate Update * NEW ISSUE ANNOUNCEMENT.......... LEAD: TD, RBC CO'S:BNS, BMO, CIBC, HSBC, NBF, ML, DESJ...