Toronto Escorts

real estate..... is it true??

wonkyknee

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Jan 20, 2006
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Avg Toronto home down over $54 000 in October. Should be interesting to see what the month over month number is for November?!?! Another month like that and most recent buyers wipe out all their equity. Ouch! It's real nice until it turns. Then it gets real ugly fast.
 

Smallcock

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Jun 5, 2009
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Avg Toronto home down over $54 000 in October. Should be interesting to see what the month over month number is for November?!?! Another month like that and most recent buyers wipe out all their equity. Ouch! It's real nice until it turns. Then it gets real ugly fast.
Where are you getting your information from? October was a record setting month as is November.

The average home in the Toronto area cost $776,684 in November, up from $632,774 the same month last year, and $4,159 more than the average selling price this October.
 

GaryLi

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Apr 1, 2016
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I wouldn't trust TREB when it comes to housing affordability. If house prices did fall it would be in the best interest of the boards to hide it for as long as possible like they are doing in BC.

Bloomberg article says 2016 is peak housing for Canada after comparing commissions data with data preceding 2008 housing crash. Basically commissions have peaked and historically 3 years afterwards housing crashes. Believable?
https://www.bloomberg.com/news/arti...16-may-be-the-year-of-peak-housing-for-canada
 

wonkyknee

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Jan 20, 2006
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Where are you getting your information from? October was a record setting month as is November.

The average home in the Toronto area cost $776,684 in November, up from $632,774 the same month last year, and $4,159 more than the average selling price this October.
Why is it that same source quotes month over month in Vancouver but then conveniently jumps to yearly data for Toronto. LOL. Very convenient! TReB numbers show $55000 drop in October from September. Those CMHC rule changes are very powerful. Takes away a large number of buyers on the bottom rung. In turn breaks the entire chain. I guess I still could be wrong. Time will tell, but I did say previously those rule changes are probably the end of this great run.
 

Smallcock

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Jun 5, 2009
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Housing has been stagnant or declining in almost all markets in Canada except for Vancouver and Toronto. Vancouver is now correcting that foriegn investment has dried up. But Toronto appears unscathed. Supply at record lows and demand very strong. Condo absorption rates very high. No evidence of significant speculation and foreign investment in Toronto like there was in VanCity. Looks like prices wil continue increasing in Toronto in 2017.

Probably a lot of help from mom and dad fueling the Toronto market like in these stories (lucky bastards): http://torontolife.com/city/life/the-bank-of-mom-and-dad/
 

GaryLi

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Apr 1, 2016
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They are only lucky if rates stay low and housing prices keep going up. If either one changes they and their parents are screwed.
 

Smallcock

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angrymime666

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May 8, 2008
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^^^
I agree that the whole bank of mom and dad strategy is a house of cards.

In related news: "Toronto's Middle Class Is About To Be Priced Out Of The Condo Market"
http://www.huffingtonpost.ca/2016/12/03/condo-prices-toronto_n_13395896.html

this enables people to never be fully responsible and self sufficient for their own lives. moral of the story, shit costs money. plan ahead and dont rely on other for your own short comings. sometimes you have to do without till you can afford to have what you want.
 

Smallcock

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Smallcock

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As hot as Toronto is, I think a slowdown in price acceleration is inevitable next year. Can you imagine if by November 2017, detached home prices in Toronto went up another 30%, just like they did from November 2015 - November 2016? This would make the average detached home in Toronto worth over $1,700,000!

If that happens, I'm going to sell all my properties and retire somewhere warm where costs are a fraction what they are here. Seriously. Wouldn't stick around for the crash that follows.
 

Smallcock

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Smallcock

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B.C. is due for a correction. Toronto is going to hum along just fine in 2017.

The remainder of Canada will be stagnant.
 

GaryLi

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Apr 1, 2016
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Clarks lifting the foreign buyers tax on foreigners with work permits who pay taxes in BC
 

Smallcock

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Butler1000

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Oct 31, 2011
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Saw an article in the G and M.

A house in Greektown went for over a million. It was on a 20 ft by 78 ft lot. A 1920's built bungalow and advertised as a teardown.
 

rgkv

old timer
Nov 14, 2005
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Saw an article in the G and M.

A house in Greektown went for over a million. It was on a 20 ft by 78 ft lot. A 1920's built bungalow and advertised as a teardown.
YAAAAA!!! beautiful....I am looking to sell this year
 
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