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Gosh, I'm just so looking forward to purchasing one of those smaller higher priced condos that will be completely and totally unaffordable. I mean, I just can't wait... actually I can... I can afford to wait. And... I for one will not feel sorry for investors... I actually want to thank them...

More stringent mortgage qualifications on the way for borrowers... http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2012/03/tougher-mortgage-qualifications-on-the-horizon.html

Ever heard about black swans?... you know those events that are really rare but when they happen cause massive disruptions. I'm not saying that something may or may not occur but you have to have alot of faith to believe that you can camp in the space between extreme pessimism and optimism...

Extreme optimism in my opinion is highly over-rated kinda like the RE values in Toronto compared to the rest of the world, and of course our big neighbour to the south. Given that RE in the US prices are lower now, then 5 years ago and given that one shouldn't be pessimistic... wouldn't it be...

That's nice but, we don't live in a perfect world and I'm assuming that you can totally guarantee if there were a large shift in the Toronto condo market that those units that "ARE SOLD" will actually close. Can you????

Translation to english... almost at the top. :)

Buyers are now being courted with: $3,000 discount on a one-bedroom unit; $5,000 discount on a one-bedroom-plus-den; and $10,000 off on a two-bedroom or two-bedroom plus den for units at the Carlaw in Leslieville... So would 2 weeks ago been a better day??? And... what's with discounts at...

Perhaps that why... Buyers are being courted with: $3,000 discount on a one-bedroom unit; $5,000 discount on a one-bedroom-plus-den; and $10,000 off on a two-bedroom or two-bedroom plus den for the units at CARLAW in Leslieville. Everyday in the past, present and future is a great day to...

Notable sales on 24-Feb-2011... 22 Cuthbert Cres, sold for $1,050K, $75K over asking, 7 days on the market 519 Hillsdale Ave E., sold for $1,201K, $161K over asking, 2 days on the market 393 Berkeley St, sold for $1,200K, $75K under asking, 46 days on the market 17 Moir Ave (semi), sold for...

The last time I checked average household income in Toronto was close to $100K... but I could be wrong given that so many people under report income... http://www.trra.ca/en/reports/TorontoGenDemo.asp :)

As a former income tax auditor, I'd suggest obtaining some advice prior to restructuring your mortgage to obtain interest expense, because if you mortgage the rental property and then just pop that amount on your principle residence... the interest expense on the rental becomes void, because...

Canada has lots of oil... so Toronto won't have an issue, Alberta will ship it free to Ontario. Otherwise a negative economic loop might happen in which higher gas prices, reduce disposal incomes, which cut into income of other canadians... which feeds negatively... into low incomes for...

Both housing and condo prices will decrease, but condo's first. Why... well condos are today's start home... then those nice rational smart people then buy bigger homes, puting their equity into those bigger homes, but are likely at the 40% debt ceiling because rational smart people buy the...

I'll feel for them too, if the R/E prices fall 25%. But, honestly I'm sure their happy regardless with their decision to live in such a wonderful building... I'm so excited for this project and it for it pushing the heights for future buildings up on Yonge.

Of course Florida isn't Vietnam, or any of the other cities that have seen price decrease. I highly doubt that I will regret dipping my toes into boiling water, that many other rational adults have wisely chosen to do so. :)

Let's talk about crazy asset prices... 81 Macpherson Ave sold today for $2,328K, which was $333K over asking. 289 Westmount Ave sold today for $629K, which was $130K over asking. 59 Forest Grove Dr sold today for $2,530K, $60K less than asking... (taxes were considerably less than MacPherson...

"Vietnam-parks-its-skyscraper-projects", not Toronto in the headline yet... but it's interesting that Stephen Harper even mentioned that Canada isn't an island a few months ago... yet we cling to the believe that real estate prices will continue to cruise higher indefinitely...

The "proof" is that KA1 has a massive confirmation bias, whereas he sees what he wants to see and their accepts his truth, when someone present something that aligns with his already determined mindset. But... I read a neat fact, Mr. Nixon the CEO of RBC says his bank has a $2 billion exposure...

Maybe a designer can incorporate those two concepts... so that we can have a poorly proportioned spandralized schlock on top of a dull glass box... then add... a really tall trump like spiral on top to make it the tallest faux building in Toronto.

The following article hints at a she-cession, steming from the McGuilty/Duncan austerity cuts... http://www.theglobeandmail.com/report-on-business/economy/economy-lab/frances-woolley/how-looming-ontario-cuts-will-spark-a-she-cession/article2344471/ What happens to RE prices when overpaid...