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Agreed. And from a big picture point of view, please remember it was ridiculously low rates (remember 9/11 and the Greenspan era) that got us here in the first place. The inevitable does eventually occur and no one "enjoys" this as some on this forum seem to indicate. Pain will be felt...

No, but maybe they're the same ppl that were lining up to buy oil at $150/bbl when everyone else is saying how $200 was only a few weeks off. The point is, a condo is just another commodity. The market doesn't care what you paid for it. It'll simply rise and fall just like any other...

Remember low interest rates is how we got here in the first place. CAD weaker mainly in USD terms due to recent rally in greenback to perceived "flight to safety" (as if the greenback is safe). Oil down is because of perceived slow down globally (as well as speculative money having to make...

Rick, if ur looking at the big picture view, let's take another step back and look at this. One can argue it is exactly that (ie. government "subsidization", private/financial sector engineering, media hype, your next door neighbour bragging etc....) has led us here to this quaint thing we call...

Interesting indeed. But the GTA RE market hasn't felt the real pains of the rest of the world. Remember there is a trickle down effect (wasn't that long ago the TSX was bragging to be the only bull market in town) from all this turmoil and so far GTA has not felt the full brunt. Only time...

Unless you plan to sell in next few years,....probably doesn't matter. Your living in it, your consuming the commodity you just bought and at that time when you bought, you felt the price was right. So might as well enjoy it now and ignore what happens as long as you plan to hold on to it and...

Of course these things are cyclical. So a recovery will eventually come. But the Canadian RE market has not corrected yet from the turmoil which either means we are somehow immune (unlikely) or we have some downside coming (more probable).

The only tax benefit I can think of is the capital gains exemption if the property is your primary residence. Otherwise the government will tax you to the hilt with indiscriminate property taxes increases that really negates any capital gains exemption if you been paying out taxes for awhile...

Wow, if that's normal long term appreciation....that really sucks. After expenses, taxes, inflation etc...I might as well rent and forget this RE thing.

Ummmm, yeah. Even as far as 2 years back I do know ppl that I thought were not in a financial positions to own the properties they "bought" (or more accurately are renting from the banks) and are just a recipe for disaster if they take a pay cut or lose their jobs. The only reason why they got...

Word is the numbers are skewed because of those jobs are part time positions related to the upcoming election. Will have to see the over all trend when the election is done with and into the holiday seasons. Cross your fingers.

Too bad it didn't translate to a bounce in the financial sector today. Banks here should be ok as long as they don't break the first rule of banking....."never lend to those that need it !".

So condoboy, you have to admit there are alot of storm clouds gathering so I am curious re. your logic. In your view, what would have to happen to have a 20-30% (or more) drop instead of the rise you predict ?? As for the "preferred" lifestyle, I am not sure I agree. I think the main...

Not about supply and demand ?? I just don't get it then. Remember condoboy,....real estate,....especially condos are a COMMODITY (which alot of ppl forget, but at the end of the day, it is simply that, a commodity to get consumed). Just as with any commodities, there is always a supply and...

You mean the same energetic population that was buying Nortel at $120 and oil at $150 ?? Not saying there is anything wrong with young people (whatever that means,...I guess younger than me ??) and alot are prudent and conservative with their funds, I agree. I am just relating to the media...

Congrats Teddy. Good call. Like I said I respect anyone that can make good coin and pull the trigger to do so. Apple probably wouldn't be the first on my buy list,....but who knows, I am getting slaughtered just like everyone else.:D

No, not envious of Teddy, but I do respect anyone that was able to make good coin and make good market calls.

I think what Teddy is implying is that he is bearish on the TO condo market and starting to warm up to the equity markets. If Teddy is indeed a well seasoned real estate investor that has been through and seen many market cycles, we should listen to what he has to say. So spill the beans...

Of course, that is why I said it would be healthy to have a correction. Shakes out the marginal buyers/speculators and reflects better true supply/demand fundamentals. If you can afford it and are secure and are gonna hold for multiple cycles regardless of market conditions, then no worries...

What is your definition of "drop significantly" ?? Quite frankly, I wouldn't be surprised if over the next few years a drop of 20-30% occurs. Seems kinda out there but if one compares to previous bear cycles and what has occured in other parts of the world (where some areas are double the...