Recent content by Shtopor

Hi all, I thought below post made on another forum might be interesting and relevant for this thread: It is absolutely alarming to think Toronto alone as 17,000 new units entering the market this year. I’m sure people cannot comprehend what that really entails, but allow me to break it down...

I am not a computer techy but I can tell you, there is nothing simpler then to keep tracking history of any address in database.Thing is TREB will run out of ways of how to trick public that everything is dendy-brendy in RE.

paperchopper, there are a lot of realtors on this forum, who positioned themselves for another straight 10 years of profits off rising RE prices. It is indeed hard for them to actually look at the reality. US/European RE correction, income/RE prices disparity, rent/own ratios,70% ownership, 150%...

BTW, headline number for new home sales is misleading. http://financialinsights.wordpress.com/2010/11/22/toronto-new-home-sales-tank-condo-sales-soar/ “Yet in a bizarre dichotomy, the actual breakdown of that stat reveals a jaw dropping rise of 27 percent in new condo sales being...

Real estate peaked in 2005 in the US but people were still lining up for condos at the end of 2004 and beginning of 2005: “Getting Into Trouble: Succumbing to temptation paid off initially for Altman—and the success of Symphony encouraged him to jump into additional Florida projects...

Guys, once confidence falls, people will stop buying today, as it will be clear as day that tomorrow it will be cheaper. Vancouver, Calgary, Victoria are in trouble already. Below is what is happening in Ottawa as the person who lives there describes it: " My family and I live in West end...

It’s everyone’s responsibility to take what they read and apply it in their lives. For instance, the 1.85 times the cost of buying vs renting – if people neglect that, they deserve to get pummeled. The countless statistics like 70% ownership, 5 times household income to purchase instead of the...

This month (Oct. 2010) has five Fridays, Saturdays and Sundays, all in one month; that’s 5 weekends; it happens once every 823 years. Lets see how that wind will play out for October numbers.

A friend of mine runs small (3-4 people) bussiness of replacing cartridges in printers in North York. He told me RE offices have decreased their orders dramatically , 2 ReMax offices moved to the basements, a few others closed. THe guy who delivers cartridges to clients says those plazas that...

Did TREB mentioned that 6,310 sales for September is THE LOWEST FOR THE MONTH IN OVER 6 YEARS! September 2008 was 6424, and that was when the financial crisis was getting worse day by day.

RE is tanking(in all major canadian cities, even those which didn't implement HST,like Calgary), it is like stock trading in SLOOOOOW mow, prices will fall once number of shares(houses) for sale is more then buyers , writing was on the wall, for those who had enough time and brains to pick up...

aguduser, let me remind you about CMHC Canadian Mortgage and Housing Corporation, it insures mortgages for those who doesn't have a skin (5% downpayment) in their house purchase. Basically, banks land you money and CMHC says we will pay banks in full if those whom they lend to walk away. Once...

RE is going down, Van, Calgary, Edmonton, Toronto all reported slower sales with increasing inventories. Those who own RE ( especially those who bought recently)may say to each other whatever they want, but hard numbers are hard to ignore, realtors do telegraph on NET that something is...

Hi, good fellas, here is another one. You remeber my post about the guy who bought house in King City (King/Younge area)? Funny part is, he told me that RE Agent who found a house for him SELLS?!! her Mansion and moves into rental. LOLThese RE agents are not that stupid after all. Sell now...

It is really interesting to read opinions on this thread regarding a bubble issue. My coworker just bought house (1 week ago) in King City ( Younge/King st.) for 450K, he bought it from those who got this very same house in May for 385K (he borrowed somehow 5% for downpayment somewhere). He is a...