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Recent content by RButler

  1. RButler

    Baby, we got a bubble!?

    The foreign investors put "all inventory up for sale" narrative is ridiculous, didn't happen in 2009 and won't happen. The reason why these folks have money to divest in out of country real estate is because they know how to invest, and you don't sell when the market is down. Many of these...
  2. RButler

    Toronto | Central Condos | 138.98m | 46s | Concord Adex | DIALOG

    Who in their right mind would invest in a rental building with Neilas? http://hirisecapital.com/40-widmer/ It took them like 7 years to build 6 storeys at Cube. Should take them 50 years to build this!
  3. RButler

    Toronto | Kings Club at King High Line | 57.6m | 18s | First Capital | Kasian

    Had to make it rental, because they knew this was coming! http://www.tarion.com/About-Tarion/Pages/Information-about-UrbanCorp.aspx
  4. RButler

    Baby, we got a bubble!?

    Plenty of developers in Canada have gone Bankrupt or belly up in Canada. Ever heard of Bramalea? Go ahead and stick your head in the sand and pretend everyone that works in real estate in Canada is rich, if that fits your narrative.
  5. RButler

    Baby, we got a bubble!?

    Building high-rise condos is very risky, that is why they make a lot of money. You want to be a Calgary condo developer right now? Borrow $10-$20 million for land and upfront costs and don't see a dime of profit back for 7 years, not the kind of business I could ever stomach.
  6. RButler

    Toronto | 122 Peter | 131.53m | 39s | Aoyuan | BDP Quadrangle

    There is not a Peter Clewes designed condo in this city that I'm not impressed with, I'm not too concerned.
  7. RButler

    Toronto | Empire Midtown | ?m | 16s | Empire | Richmond Architects

    It needed to be at least 4 blocks further east. That stretch scares me.
  8. RButler

    Baby, we got a bubble!?

    Toronto condo starts booming again http://www.thestar.com/business/2015/09/09/toronto-condo-starts-fuel-august-housing-numbers.html
  9. RButler

    Baby, we got a bubble!?

    The media knows exactly what to write about to get people to read the article: bubbles and foreigners get people's attention. Yawn, read this article for the past 10 years.
  10. RButler

    Toronto | Brimley & Progress Towers | 156.05m | 47s | Atria | A & Architects

    It's been a while since we've seen any activity in this hood, hopefully it sells.
  11. RButler

    Baby, we got a bubble!?

    We might have a national recession, but I don't think Toronto is in one.
  12. RButler

    Toronto | Time and Space Condos | 101.8m | 29s | Pemberton | Wallman Architects

    Curious what a "normal" condo market is Toronto is from your perspective
  13. RButler

    Baby, we got a bubble!?

    Raise interest rates = housing correction because people can't afford their houses anymore and will default. Lower interest rates = future housing correction because prices rise too quickly, speculators come in and house of cards folds in on itself. Keep interest rates the same = housing...
  14. RButler

    Toronto | The Woodsworth | 58.21m | 17s | Lamb Dev Corp | a—A

    I assume this is James? http://www.lambdevcorp.com/james.php
  15. RButler

    Baby, we got a bubble!?

    These are measures of affordability, not value. Value is determined by Supply and Demand. How do the above charts consider supply?

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