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Location? It's on the WRONG side of Bathurst! If it was on the east side I would probably agree.

Pay it off? Even a $150,000 mortgage would cost $30,000/year over 5 years- she only nets $25,000! You people are just nuts. Encouraging someone in that financial situation to pile on debt is just reckless.

Anyone whose sole source of income is $35k should NOT be incurring $200,000 in debt. I am certain that the end result will be foreclosure. Such a person does not earn enough money to cover the costs of the debt and live a remotely manageable life.

I'm also curious what units in this building are selling for, per square foot, in today's market.

Please tell me how a person can afford a $150,000 mortgage on $35k income. It defies logic. $7,500 interest-only $2,000 property tax $3,000 condo fees (min) $1,000 utilities( min) $1,000 maintenance and repairs (min) --------- ~$15,000 What the take home on $35k- $25k? So that...

As brutal as it clearly is, I would take a unit here over the wind tunnels at Shi**yPlace in a heartbeat. This area borders Cabbagetown and Rosedale and is a brisk jog to Yonge Street. Shi**yPlace truly is a modern ghetto.

In the United States there are certain hurdles to clear. Up here the air is different. Just ask your local terrorist cell.

If you 'came into' a substantial amount of money wouldn't you want to park it somewhere relatively safe, say in a prime piece of real estate? Just saying...

Ask a bellboy at the Four Seasons if their occupancy rate has exceeded 60% this year for any week other than during the TIFF. Four Season is the leading luxury hotel chain in the world and I'm certain that they are barely surviving in the current market. No one operating a business is going to...

We know that the Blu is under construction and that they seemingly bought the YB site for a ridiculous price. Whether they can pull it off remains to be seem. BTW, anyone who refers to their megaproject at the crossway of arguably Toronto's most recognizable address as 'The Place to Be' either...

Upscale/Trendy hotel market in Toronto is TOAST. I would not want to be opening anything remotely resembling higher end in this parity environment. Even before the currency moved so much higher the ADR for Toronto hotels has been much weaker. By the time this project gets completed there will...

>>Riverdale Standard-two storey home increased by 47.1 per cent to $500,000 Standard condominium increased by 33.6 per cent to $350,000<< Huh? Leave it to the brokers to distort the data. I grow more distrusting of the MSM everyday. Not suggesting that the TO single family market isn't...

Low profile, low quality. They are taking a dramatic step by trying to gentrify west of the psychological bathurst street barrier. There's nothing extraordinary about this project that makes you think that it will hold its value. It has taken exponentially longer to get off the ground than...

13,000 employees worldwide yet operating out of the back of a warehouse in Concord...hardly the overhead one would expect from an organization with the outrageously embellished track record that they claim. These guys are long on hyperbole, and short on credibility in my opinion. Something...

Dodge warns of inflated housing market Points to easy credit as culprit in 'facilitating a rise in the price of houses that is really not warranted' HEATHER SCOFFIELD AND PATRICK BRETHOUR From Wednesday's Globe and Mail September 26, 2007 at 3:52 AM EDT OTTAWA AND VANCOUVER — Bank...

OW, I appreciate your comments. The information is floating around out there. Have a look around and you'll notice buying syndicates dominate preconstruction purchases. I won't sheppard this info to the source, but it is easy to find if you are so inclined. Look in the obvious places-...

Old thread but thought I'd throw in my 2 pennies. International housing prices mean absolutely SQUAT to a local market. The local market is determined by local population and employment factors. Unless you can teleport your Toronto house to London it has absolutely no relevance. I greatly...

The fact that the land was likely polluted and thus unsuitable for residential use for decades may be more than a light indication of why it sat baron for so long.

You guys crack me up! I suspect the lot of you are architects and planners as opposed to financiers and developers. You naively think every inch of space can be magically transfered because condo demand is infinite. Specuvestors have stormed the fort and will shortly be dumping their boxes...

I agree with UD. You can't afford a $200,000 mortgage on $35,000/year. You'd be paying: $12,000 in interest ALONE $2,000 in principal repayment (approx. on 25 year am) $3,000 in property tax $3,000+ in utilities $2,000+ in condo fees _______ $22,000 PLUS -repairs -legal fees...