[dusk]

I can only laugh at this point. We’ve reached a point where we’ll either have a housing market that crashes and burns or a market that won’t allow for additional housing to be build and increased pressure on prices, rents, etc. I’m guessing the latter

 

[slickpete83]

someone should investigate on how many investment properties people like Adam Vaughan own and others in the government who write housing policy, zoning, cause all the government red tape that delays everything.... you get my point

 

[Admiral Beez]

someone should investigate on how many investment properties people like Adam Vaughan own and others in the government who write housing policy, zoning, cause all the government red tape that delays everything.... you get my point

Reminds me of all McGuinty’s pals who got sweetheart and insider deals on wind power contracts. Not to pick on McGuinty any more than the rest of our political leaders, they’re all dirty with graft and cronyism.

 

[Undead]

My family bought an investment unit in March (the all time market peak as we see in hindsight). Since then, it's grown 9-10% based on recent sales and listings in the building...

 

[Undead]

Rising interest rates will be ‘No. 1 issue’ for Canada’s housing market, economists say - National | Globalnews.ca

Interest rates will eventually rise — that's the biggest risk facing the housing market, and perhaps the entire Canadian economy, some economists warn.

globalnews.ca

"Recent data from Statistics Canada show that, for the first time on record, investment in the housing market is now greater than 50 per cent of all investment in the economy, Kronick adds.

That is cause for concern, he says." Ya think?

 

[TheKingEast]

Rising interest rates will be ‘No. 1 issue’ for Canada’s housing market, economists say - National | Globalnews.ca

Interest rates will eventually rise — that's the biggest risk facing the housing market, and perhaps the entire Canadian economy, some economists warn.

globalnews.ca

"Recent data from Statistics Canada show that, for the first time on record, investment in the housing market is now greater than 50 per cent of all investment in the economy, Kronick adds.

That is cause for concern, he says." Ya think?

Low, stagnant wages will do that.

 

[slickpete83]

hahaha...

 

[slickpete83]

I just went down to the lake to check today and its true hahaha..

 

[slickpete83]

inside the bubble vs. outside the bubble hahaha...

 

[christiesplits]

inside the bubble vs. outside the bubble hahaha...
View attachment 344710

It's still glaring regardless, but are both in CAD?

 

[slickpete83]

It's still glaring regardless, but are both in CAD?

I'm not sure , mostly likely priced in $USD on the American side , even when you convert still amazing deal compared to Canada lol...

 

[slickpete83]

yeap

but don't worry from this day on the situation is under control! hahaha..

 

[slickpete83]

Big City Blues Toronto 1988 , interesting watch about real estate in Toronto

 

[slickpete83]

when you buy a house in Toronto without realizing its a historic building and you can't knock down as planned, sell sell sell asap

huge lot 50' × 170' Real Estate agent claims "design the home of your dreams" https://rennieteam.com/design-the-home-of-your-dreams-55-st-edmunds-drive/

 

[TheKingEast]

Did they really have to cut bait like that? They could have reno'd it and then sold it instead of losing close to $1M dollars.