TOareaFan
Superstar
Was just speaking with an associate of mine who works part time in real estate. According to him, despite the current market slump, Toronto will be relatively untouched by it due to the upcoming PanAm games, but I beg to differ. Yes, some of our recent boom is, in part, due to the games, but I can't see how our seemingly never ending condo boom has anything to do with it, so I thought I'd ask the experts aka you, true or false, what is your opinion?
I would dispute so much of what you have posted here......and not surprising the comments come from someone who "works part time in real estate"...all due respect to your friend but it is a real profession that requires a similar level of commitment and dedication as any profession. We have a guy here at the office who is a "part time realtor"...always reminding me to "refer my friends"...yeah, right!
As for the Pan Am games.....other than providing some construction jobs (which weren't short in supply anyway) the Pan Ams is having very little (to the point of difficult to measure) impact on the local economy and likely even less on the local real estate market.
As yourself (and your friend) "what effect could they have had to date? what effect will they have leading up to 2015? What effect during the games? What effect post games?".
The Pan Ams are (IMO) a good thing for the area....but they will have a minor economic effect and an even more minor effect on the real estate market.