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When I mentioned $500 psf before, I was speaking of newer high end buildings such as festival tower, m5v and such. Buildings that are in the financial/entertainment area My guess is 300 Front will be in the same ballpark also. Perhaps Ice condos too. Of course if you shop around for resale...

Calgary is an oil, commodity based economy. No real significance to Toronto. Boom bust cycles there coincides with the price of oil.

I doubt many are gonna walk away. Most of initial buyers bought when prices were 650-800psf anyways. And people who bought recently at $1200 probably know prices are not gonna climb higher for awhile at least, so can most likely afford it. Also, from what I've heard, buyers at todays price may...

LOL, you guys are funny. Its only worth what someone pays for it. The market can fluctuate all it wants. Hence yes it absolutely matters if they need to sell or not. My point is, the pressure is to keep prices close to where they are, so don't expect prices to fall so rapidly. The economy is...

All I'm saying is that low interest rate is not reason alone to have caused a bubble... The real reason behind the bubble was; equity to debt ratio was practically nothing, and there was no debt service ratio to speak of. Low interest rates only amplified the effect. For instance, let's say if...

Ontario has room to sprawl. I guess they figure if you can't afford it, you'll move to the suburbs or fringes.

Sorry I bought already.

First of all, I wouldn't call toronto real estate prices a bubble. It had a natural run up to its current prices, much slower then most other cities, and much lower run up at that. The people that have the most to lose are the hundreds of millions of people around the world that have bought...

Maybe the argument that toronto is cheap compared to international standards is not as valid as they used to be in say 05'. But I lived in Australia for 2 years, so toronto is still cheap by my standards. I wouldn't be afraid of plunking say 500 psf for a condo such as m5v or festival...

I'm following, and you have point. But you gotta look who is buying mostly in Toronto, it's mostly local people. Your right toronto isn't a vacation destination or high on tourism with the jetset crowd so there isn't as much speculation built into the rise here like there was in resort/tourism...

Toronto prices wont drop significantly. The prices people bought at were affordable to begin with even if they bought at 500 psf, there wasnt that much speculation as other high profile areas around the world, fundamentals of the canadian currency and inflation is sound, equity to debt ratios...

Completely wrong. The reason there was a bubble is because banks were deregulated and allowed to lend to people who couldn't afford any of the loans. If every one could afford the low interest rate mortgages, then it wouldn't be a bubble would it. The banks were not deregulated as such in...

why didnt they go underground for parking?

People in the south east corner of the Ritz are gonna get sick of employees in Simcoe tower and RBC/Dexia tower looking into their home all day long. I know I would.

Toronto is such a weird place, nothing goes with anything else.

Vaughn will be a disaster, KW is the way to go.

What kind of design purposely blocks the view of residents. If you look at the renderings the canopy is shown to be on the res lounge floor. My take is unsuspecting people could easily bought off plan thinking they would have un-obstructed view of the lake. And I'm sure they were charged a...

Wont that canopy be blocking the view of the 23rd floor facing south? Those residents will be pretty pissed off if thats the case.

Yeah this is what I meant basically, If you look at any of the higher density south east asian citys, many of the office towers dedicate the first 5-7 floors to shopping. As in Kuala Lumpur, Jarkarta, Tokyo etc. Anyways, the point is, lone office towers deaden the surrounding area past...

Thats news to me... it's a start at least :P But nonetheless, the thing about shopping is, when there's more shops in a concentrated area, it creates a 'larger gravity' for shoppers to come there. Can never be enough retail really, especially in such an urbanized area such as the downtown...