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I think the main reason the prices have dropped is that it was originally way overpriced by the builder.

I asked this in another thread. I think it is more appropriate to ask in this thread. Anyone Cathedraltown home owner or tenant in this forum? I like the area. Just feel a bit empty for now. I hope the real dwellers will come soon after the flippers are gone.

It is called the Sciberras Road Draft Precinct Plan for now. "Draft precinct plan to be updated to reflect recent policy initiatives prior to adoption by Council - anticipated Fall 2007." Projected Office/Commercial: 13,600m2 Projected Residential Units: 872 units I went to the public...

May be I should call it the 'actual' value, just to avoid confusion. In a market where houses are actively traded way above their actual values, we call it the 'housing bubble'. Home owners and long-term investors generally don't want to see a 'housing bubble', but short-term investors are...

Don't get me wrong. I love the concept of 'smart growth'. But I have this feeling that some people are taking advantage of the city's support and jacking up the housing prices. I am not a real estate expert, that's why I cannot understand why those units can be sold at those high prices. My...

It is indeed very difficult to prove my thesis in reality, since money is always a problem. I would really like to see the house and condo sales figures if all prices are set to be the same for all types and all sizes of properties. Of course, I cannot speak for everyone. BTW, anyone bought a...

Whether the parkings will be free or not really depends on how 'downtown' the area can become. Do you find free or cheap parkings in downtown Toronto? Parking ratio in the whole Markham Centre area (which includes Downtown Markham) is capped at 1.2, which is less than the minimum required in...

In my opinion, most people are buying for investment purposes. If there is going to be a 'downtown', there better be people around. This means a huge opportunity for the rental market. What I still don't get is the values of those condos. I think they are very much overpriced. You basically...

This just happened in a small town in the UK.

The Cathedral is now empty. Check this post for more details: http://www.urbantoronto.ca/showthread.php?t=4952&highlight=cathedraltown I think I always see a car parked outside the cathedral nowadays. Sometimes I see someone inside the car. I think it is a security guard or something. I...