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It has been reported that a lot of these so called "foreign buyers" are actually Chinese Canadian citizens.

Yep, this website gives a pretty good indication of where they're going: http://www.waterfrontoronto.ca/explore_projects I think we're looking at a pretty huge transformation.

radioheadmike, try this one exercise: Imagine buying a place now. You put all your saved up money in for a down payment. Six months from now, you lose your job. You can't get a loan to cover the mortgage. What are your options? Why take the risk? Do you absolutely have to own a...

Agreed. If the realtor is going to buy their home, they're not likely to get the highest possible price for their current home. They'll end up giving it up for the lowest they'd be willing to sell it for. If the realtor is willing to buy their house and let them live there rent free, then...

The continued price increase might be attributed to continued lower YOY supply. What is interesting to me is that the difference between average price and median price increased from $75K in April to $86K in May, indicating a slight shift toward higher priced properties. I'm not a statistics...

Most women like sex. But they're worried about how they perceive themselves and how others perceive them. So they need good "reasons" to have sex with a man they're attracted to. Society seems to excuse women for getting carried away if the guy seems worthy (not that women should have any...

Like in the article: a place where would be bachelorettes get trapped into having sex with you.

Seriously, would you rather in the ultimate bachelor pad, or the ultimate bachelorette trap?

I would love to see those calculations. The U.S. is experiencing a terrible down turn and their interest rates are actually less than ours.

There is something to be said to owning the most expensive penthouse in Canada. I think rich people care about status more than we do.

The TREB April numbers are interesting. New listings went from 20,683 to 14,494 (-30%) and active listings from 22,951 to 17,466 (-24%). Days on the market increased from 21 to 22 (+5%). Something new is definitely going on, here. The Year Over Year price increase can be attributed to...

I would stage it. Even if you get an offer that's only $1000 more than if you hadn't staged it, it's worth it. In a 900 sq ft condo, having furniture in it will make it look bigger, providing that the furniture fits properly. Also, if some of the walls are painted, furniture will offset the...

Just some anecdotal evidence as I've recently shopped around for a 2 bedroom condo to rent downtown. There were almost a glut of new condos to rent in the Liberty Village and Lakeshore areas. If you like either of those two locations, you can get an awesome 950~1150 sq ft pad for $2100~2350...

Any theories on why the inventories are so low? I'm theorizing that people are just tapped out. Everyone who can afford a home has bought a home, and have mostly bought the biggest home they can afford. Not sure why sales are so high considering low inventory, though? Maybe these last buyers...

Read a pretty good summary in the comments section of this article: http://www.theglobeandmail.com/report-on-business/economy/housing/housing-starts-unexpectedly-fall-in-april/article2014947/comments/

I would guess that we're reaching some kind of peak capacity. What are the incentives to move when 70% own their homes? Increase in family size, change of employment, increase/decrease in income, etc. These external factors are being stabilized by high prices, high debt and uncertainty in the...

New TREB report for April: http://www.torontorealestateboard.com/consumer_info/market_news/index.htm Prices are up 9% from last April. Crazy.

In this case, "smarter" is more of a subjective thing. Some people value living closer to the core. Some people value living in upscale condos. Objectively, the reason these 1 + den condos are renting for 1700+ is that these condos have a current market value of ~$400,000. Also, there are no...

7 years ago, the area was a sketchy dump. A lot of the revitalization is directly attributable to Freed developments (the buyer of the site in question). Pretty smart company.

An alternate view of the R/E market in Vancouver. http://www.vancouversun.com/business/Vancouver+renting+better+option+than+buying/4674158/story.html