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  1. S

    Baby, we got a bubble!?

    I never made any case that a foreigner was in some way implicitly more evil (someone else's words) nor have I made some sort of quasi-anti-foreign stance based solely upon the fact that someone is different or foreign. My argument is that someone who lives in Canada and better yet, lives in the...
  2. S

    Baby, we got a bubble!?

    40% of ownership isn't a big deal. What we're talking about in Toronto over the last 2-3 years is 80% foreign ownership. Besides that, you missed the main point I made, and that is that housing should not be treated like equities because they are fundamentally different. Housing is more like a...
  3. S

    Baby, we got a bubble!?

    Just back for a quick dip... I haven't posted on here for awhile as I found the arguments both for and against the bubble to be rather circular and after 15 months of following the discussion I started there was probably nothing new to add. The numbers were the numbers and it seemed like people...
  4. S

    Baby, we got a bubble!?

    This rampant use of the word "average" is starting to make me batty! With places like the Ritz Carlton all the way down to The Modern in the core, it's a ridiculous measure of anything.
  5. S

    Condominiums / Town Houses with Gas Cooking

    DNA I is all gas in the units and on all balconies but DNA 2 and the upcoming 3 don't. 1 Shaw St.
  6. S

    Assignments (minimizing the risks?)

    If you're willing to put up with the hassles and have the large downpayment, then assignments can be a huge deal late in the process of a development. They usually go for around 10-20% less than current market value of the unit if it had been closed.
  7. S

    Condo Upgrade: Cost of Gas Line for BBQ on Balcony?

    The rules for propane tanks on balconies are actually far more obtuse than most people think. You CAN transport propane through the common elements of the building and can use an elevator, but you must be alone in the elevator at the time, there must be a certain distance, etc.. Most condos...
  8. S

    Baby, we got a bubble!?

    For once, I agree with Brad Lamb. This is knee jerk, idiotic and punishes only the purchaser who wants to live in the condo - as well as being discriminatory to condo purchasers vs house purchasers. Brad also let slip the real problem - investors (overseas) that are propping up the market. I...
  9. S

    Baby, we got a bubble!?

    a) Let's remember who Neil Mohindra is working for and it's not surprising he would want less government intervention. It's a mantra at the Fraser Institute. b) More importantly, Australia is in the midst of an absolutely MASSIVE real estate bubble. While it's true they had little downturn...
  10. S

    Baby, we got a bubble!?

    I think you're being a bit coy Mr. Interested! How an 11% drop in prices in 7 months can be seen as a small decline is beyond me. It's huge! :)
  11. S

    Baby, we got a bubble!?

    The first thing that jumped out at me for the December numbers was the difference between new and active listings. While new listings are indeed down 22% yoy, active listings are up 9%. This doesn't really come as a surprise considering days on the market have also increased yoy from 27 to 37...
  12. S

    Baby, we got a bubble!?

    I appreciate the back handed kudos Granny:) and as has been correctly pointed out, I did start this discussion (and the 17 month timeline) in November of 2009, so that should bring us nicely to May of 2011 and it will be very interesting indeed to see how the market has turned out. While I...
  13. S

    What are my options

    It's just spam, ignore it. I'd hold onto the property, close it out when the time comes (see if you can get a renter for the interim occupancy period), and then sell when final closing occurs. If you're selling because your life situation has changed (and you don't own another property at the...
  14. S

    Why do you buy pre-construction real estate?

    One word: leverage. Unfortunately, that word can go both ways and I no longer think that word applies in a positive way to the pre-con RE condo market. Pretty much anytime between 2002-2007, I would've said yes (and a tiny blip of 4 months in early 2009), but now, pre-con is a dumb buy almost...
  15. S

    A good Realtor has the following traits.........

    I'm so tired of you UD. So tired.
  16. S

    Ontario loses immigrants

    Simply too many threads to remember which one I replied to, but i do remember posting immigration and Toronto projected population statistics at one point and how Toronto will need LESS housing over the next 30 years than over the past 30 years. This seems to echo that sentiment rather nicely...
  17. S

    Toronto | Living Shangri-La Toronto | 215m | 66s | Westbank | James Cheng

    Is it just me or is this thing starting to look like a huge disappointment and already past its prime - design wise? Seems so, i dunno, 2004. At least on the exterior.
  18. S

    Baby, we got a bubble!?

    As you well know, there is a significant opportunity cost in RE that doesn't exist in most other investments, so while it would seem like the right thing to do - to divest and then jump back in - I'm pretty happy with the cash flow I have and the ROI I'm enjoying. To me, the market will go up...
  19. S

    Shower Stall vs. Walk-In Closet

    More closets, hands down. You can shower in the tub like 99% of the world. A stall in such a small condo is just redundant.
  20. S

    Can't close my Neptune Condo - Take it off my hands

    If you're talking mortgages that is incorrect as I have an agreement with RBC to get a zero proof of income mortgage. Restrictions are high however in that you have to be only borrowing less than 50% of the value of the property. These types of loans make sense for certain people in that there...

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