Blixtein
Active Member
That's a substantial price drop if you ask me.
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- Thread starter simuls
- Start date
Avenue
Active Member
How can it be so cheap?
cdr108
Senior Member
Cryptopreneur
Active Member
It was fake...
Jonny5
Senior Member
Welcome to sub-prime Canada.
www.cp24.com
When do we get NINJA loans?
HSBC offers mortgage rate below one per cent
HSBC says it will offer rates below one per cent for some mortgages, which rate comparison website RateSpy.com says is a record low for Canada.
www.cp24.com
cc46
Active Member
If a temporary drop, do we have opinions on when it will get back normal patterns of the past? Particularly condos in the city.
Undead
Senior Member
imho, condos will start growing again toward the end of next year or early 2022 when global herd immunity will be achieved and the feds kick immigration into over drive with super low interest rates remaining unchanged. I'm betting on it and buying a second condo next spring while the condo market is on pause.
Undead
Senior Member
As an add on to my previous post: I'm considering buying in a recently completed building by Liberty. Is their quality any good?
Which building? There is probably a thread for it.
Undead
Senior Member
Royal Garden at Highway 7 and Saddlecreek. Couldn't find a thread, though.
dusk
Active Member
Funny to look back at posts on this thread from around 10 years ago. People thought it was expensive then lol. Home prices have done a 1.5-3x increase depending on type. The "bears" have gone silent. Sadly, I don't see this improving in the near future without significant rate increases, a fundamental change to how we zone and build, etc.
slickpete83
Active Member
waiting for house prices to drop since 2010 , any minute now i can feel it
hahhahahaha....
2030 still waiting... , oh look HSBC offering 0.01% mortgage rate for 5 year fixed rate hahahaha..
i don't know about you guys , but these high real estate prices made me really hate Toronto/GTA , seems dumb to celebrate high real estate prices , we are just screwing over future generations
hahhahahaha....
2030 still waiting... , oh look HSBC offering 0.01% mortgage rate for 5 year fixed rate hahahaha..
i don't know about you guys , but these high real estate prices made me really hate Toronto/GTA , seems dumb to celebrate high real estate prices , we are just screwing over future generations
TheKingEast
Senior Member
Yup. I've bought so many properties since then too. Glad I didn't listen to the naysayers.
dusk
Active Member
Oh I don't celebrate it. It's just funny how people (including the media) misunderstands the issue.
Federal Level
- Increase interest rates
Provincial / Municipal Level
- Completely reform and re-imagine zoning across all major and growing cities. Put the future of the city ahead of privileged nimbys.
All other policies are NONSENSE. I'm becoming convinced that the only reason other ideas are peddled is that it temporarily placates the masses.
Imagine hah.
slickpete83
Active Member
i understand everything and reasons why its happening , including interest rates and investing..
another one is all the development fees and taxes etc... just get passed on to the buyers at the end
just wait till we get all these carbon taxes...
takes governments so long to approve any new projects , by that time we get so many people moving here..
example my thread "Humberwood Heights" went into planning stage in late 2014 for city approval , its 2021 and still not built , they had so many delays with city meetings, governments etc...
by the time they started selling it was Oct 2018 , maybe they will finish in 2022/2023 that's almost 9 years !!!
and back in the late 80's or early 90's NDP in Ontario introduced rent control = no more investors/ builders wanted to build rental apartment buildings as it was too risky of an investment with rent control in place , if you look at Toronto almost no rental buildings were built in 90's 2000's etc... they are only starting to build now i noticed
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