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  1. Replies
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    I agree with the thought of end users. The...

    I agree with the thought of end users. The question is...at least in Toronto...can the end users afford to bid up prices any further or for that matter, even muster the downpayments to invest?
    I...
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    [/B] I don't know Ka1 if that will avoid the...

    [/B]

    I don't know Ka1 if that will avoid the expected downturn though it may mitigate it to a degree. The answer is....who knows.
    Meanwhile today the Bank of Canada seemed to acknowledge as much...
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    Migos, in fairness, show 2007 to 2009 and then to...

    Migos, in fairness, show 2007 to 2009 and then to present. Does not look anywhere near as good.
    Much like showing real estate growing from 1996 onwards with the small downturn in 2008-2009. If one...
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    Agree Wooba. Alot of this is noise though I have...

    Agree Wooba.
    Alot of this is noise though I have to say when the market went in 1/2 and one watches their stock market savings cut in 1/2, that is problematic.
    Dividends are essentially like rent...
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    I agree with you Migos. The C$ has done well...

    I agree with you Migos.
    The C$ has done well against most currencies except the USD. That said however, remember that the US is our largest trading partner so the C$ vis a vis the USD is much more...
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    I agree with Ka1 but just because everyone is...

    I agree with Ka1 but just because everyone is nicely walking off the end of the cliff, I don't think I would advise doing the same.
    SFH's will hold their value better, especially close to the core. ...
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    TheKingEast I consider myself fortunate that I...

    TheKingEast

    I consider myself fortunate that I do not have to purchase at this time. I do worry for my kids however.
    That said, I simply will not let them go in at this price (if they will...
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    Hi TheKingEast: I think part of the reason is...

    Hi TheKingEast:

    I think part of the reason is that nothing has really changed so there is nothing to report. I don't think the doom/gloomers have given up. I suspect and I am not one of them...
  9. Just put in the address you are looking at. The...

    Just put in the address you are looking at. The map will show up properties around there. Click on the red dot on the map and it will show all the listings.
    Hope this helps.
  10. This is a rehash of the Market Place report from...

    This is a rehash of the Market Place report from a couple of years ago.
    I have no doubt that the skins which are windowed may well have to be replaced in 20 years. On the other hand, while it may...
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    May I ask UD what data points are you using and...

    May I ask UD what data points are you using and are you referring to both the stock market and the condo market for the correction already underway or just the stock market. We know the US market...
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    I have said it before. I think 2 bedrooms are...

    I have said it before. I think 2 bedrooms are going up as rents are simply beyond the reach when a 1 bedroom is $1500 and a 2 bedroom $2200. People are choosing a room mate for financial reasons. ...
  13. The rent increase will be dictated by the market....

    The rent increase will be dictated by the market. Personally, I can only say that if I have a good tenant, I will abate the rent increase, even forgo it to keep them. I do expect market or close to...
  14. In my experience as a small landlord with a few...

    In my experience as a small landlord with a few properties, I have had people leave early only when they were transferred. By early, I mean after 1 year on a 2 or 3 year lease. All my 1 year leases...
  15. There are a couple of issues DearSummer. While I...

    There are a couple of issues DearSummer.
    While I fully agree that nothing good comes out of an unhappy tenancy, the reality is the landlord is incurring significant costs as is the tenant when the...
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    This isse TheKingEast has been discussed before. ...

    This isse TheKingEast has been discussed before. Given 5 years out, most end users cannot wait that time frame or are unwilling to do so. Some who are trading down, e.g., the boomers can plan a bit...
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    The issue is developer financing: They are...

    The issue is developer financing: They are required by the banks these days to have usually 70% sold of $ volume...not units before they can get construction financing. Well known developers may...
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    Loss leader marketing I would bet...or 300 sq.ft....

    Loss leader marketing I would bet...or 300 sq.ft. condo. There are probably a few units at this price and then prices go up.
    Anyhow, other than advertising for 501 Yonge condos...I am not sure I...
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    cdr: I should have responded to this as well: ...

    cdr: I should have responded to this as well:

    "mortgages in Canada similar to US "sub-prime" mortgages were (and may still be but it's not a product that I follow) securitized and sold to the...
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    Actually, I believe the ARMS that got into...

    Actually, I believe the ARMS that got into trouble in the US were mainly 2 year resets.
    Initial mortgages were set at 2% or similar for 2 years and in many cases with interest payments only (no...
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    I don't know that one can take that comment out...

    I don't know that one can take that comment out of context. I think one would have to read the whole speech. In Canada, non recourse mortgages don't exist except in Alberta as pointed out to my...
  22. Youranthony1. I just called the sales office. ...

    Youranthony1.
    I just called the sales office. they have not yet released the 2nd tower and do not have a date for release of tower 2 yet.
  23. Latest I have heard is that they have about...

    Latest I have heard is that they have about 65-70% sold of the first building. They will likely start to seek construction financing shortly for the first building and probably release the 2nd...
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    I don't think I agree with your last statement...

    I don't think I agree with your last statement Eug but maybe we are splitting hairs.
    The bathrooms are not smaller...they really can't get much smaller when you figure a tub, toilet and counter. ...
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    Actually Eug, while I agree that there may be...

    Actually Eug, while I agree that there may be wasted space, I think the issue is more the space was used differently.
    Bathrooms were small, bedrooms large. Now it seems the master bathroom suite...
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