TorontoMike$$
Active Member
I agree with you. There are many on this board that just like to 'trash' the condo market when it has been and will be the best performing market in North America. Prices are very much in check and with the supply coming to market its good because it balances the market and prices and growth will remain stable = a very healthy market.
It’s interesting to read all of these "doom and gloom" commentaries. While I do have a vested interest in a stable real estate market since I am a property owner, I must say that it is rather comical to read these comments.
It almost feels like a desperate attempt to trigger mass fear in the general population so that a) people shy away from the market and b) sellers dump at all cost so that these very same people can become property owners. It is pretty clear to me that most of the complainers are aspiring home owners.
I have absolutely NO idea where prices are going; although it is not unreasonable for prices to cool given the surge we have seen in the past year not to mention the impact of expected higher interest rates. Whether the market cools 10%, 20%, remains flat or whatever - flip a coin as no one here has any ability to predict with any credible accuracy. If they did, they would be billionaires.
Anyone who continues to participate in the nonsense of trying to comment about the impending doom and gloom is simply a desperate aspiring home owner. Put your cards on the table and reveal your true intentions….
If you think you know it all then focus your time and effort to start a hedge fund, find a creative way to short the Canadian housing market, make your millions when the market bursts and FINALLY become a home owner with your new war chest.