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Fair enough, put a $50,000 downpayment on it. Can't use 2001 because those buildings are already lived in...550 Wellington is brand new going through occupancy now

Take an example of 550 Wellington 1 Bdrm Bought for $200,000 in 2006 coming to occupancy now...just for math sake it mortgaged to 100% LTV Mortgage ~ $1000/mth 5% + 35 amortization Property Tax + Maint ~ $ 500/mth They can rent for about $1450-$1500/mth (Freed's...

I was referring to the comment that interested made that you quoted

How big of a number do you expect that to be? I know where you are going with this. You may think that a lot of Canadians don't have equity in their homes...so if prices fall when rates go up lots of people are underwater like in the US. The US is totally different system: -NINJA loans...

take a look at the CAAMP survey, they have the only published statistics. See here

Long day so I'm just going to type my thoughts as they come into my head. Azureray. Thanks for requesting to keep it clean...and yes, I do have an agent mindset to buy...but I caution it always with buy smart. For years, I've seen people get ripped apart on these forums for being a little...

This is not neccessarily true. Talk with a mortgage broker and they will show you how. Money is cheap right now, if you played a little bit of offense with your defense by - running your numbers with a 5%-6% interest rate today you would have great cash flow(banks are doing it now anyway if...

This is a common strategy used by most investors and landlords. Especially with the equity growth that we have seen over the past 5 years (where properties values of almost doubled in some neighborhoods in those cities). It's a tax free way of utlizing profits and the interest the funds you get...

Tune into Rogers TV's Inside Toronto Real Estate on tonight at 8:30 PM as we discuss the recent changes to CMHC lending criteria. Host Brian Persaud will lead a discussion with Calum Ross Senior Vice President of the Mortgage Centre and Jim Smith, senior Manager with Scotia Bank. We'll be...

Tune into Rogers TV's Inside Toronto Real Estate Wednesday night at 8:30 PM as we discuss buying pre-construction condos Host Brian Persaud will lead a discussion with Keith Graham, Real Estate agent (Formally top sales agent for Concord City Place now broker for City Accord Realty) and Calum...

nothing will happen for the next little while because the government doesn't want to have blood on their hands to over react because housing is so important to the economy. Most analyst expect (hope) that the market will cool down by mid next year as supply goes up (new properties and new...

Ben Myers from Urbanation was on the show earlier and he put a slide on showing there was always a premium paid on pre-construction condos since they tracked numbers. I'll have CMHC on the show wednesday 8:30p (on RogesTV) to go over their recent rental market survey and analysis on where...

I'll be interviewing Shaun Hildenbrand from CMHC for Inside Toronto Real Estate on Wednesday December 23rd at 8:30p on Rogers TV. He'll discuss CMHC's analysis on the rental report and bubble scenarios with hard numbers. As of today's date, the findings cannot be reported to the general public...

Pricing a property by square footage is like pricing a car by weight.

TD bank recently published a Resale Housing Outlook report (see here) TD comments if the real estate market is in a bubble. Conclusions: * On a national level, they feel that prices are overvalued 12% based on market fundamentals (incomes, job growth etc). * Most of pent up demand...

You can do it yourself. RBC breaks down everything so you can use the data to figure it out. Hey John, good to hear from you. Great point about the RBC info

Remember, We don't have lenders willing to shoot themselves in the head to inflate prices to Chicago, Sydney, New York levels.

Balanced market is actually betwen 0.4 and 0.6. Check it out for yourself at RBC. Why now? -We had record level of immigration in 2000 and 2001, these immigrants are now buying making demand higher (Statcan) -Home renovation tax credit is causing record spending on home renovations. People...

Little Italy is an example of this, the older Italian/Portuguese owners of the buildings started to sell of properties to make way for development. Perhaps when these people start to make properties available we will see some development

You guys should Read Jane Jacobs - The Death and Life of Great American Cities, it will show you how and why neighborhoods become vibrant