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I can't comment about X condos specifically but from Jamie Johnson at Remaxcondosplus: His report on rentals presently: RENTAL COMMENTARY: In the First Quarter of the year (2014), there were just over 2,000 condos rented downtown. This was 18% higher than the rental number last year. Not only...

I was thinking in todays dollar terms. I don't know that rents will increase much. They increased about 4% I believe year on year but recently I have heard price pressure. I think maybe the $1800 is reasonable by 2018 but I just based my numbers on current rents assuming they would stay about...

I am surprised by you guys suggesting $1650 is low. How much do you think one can get for 489 sq.ft. 1 bedroom. This is $3.38/sq.ft. What are comparable new products under 500 sq.ft. getting these days (with no parking or locker) but on the subway line... $1700? I don't believe the $1900 is...

Interesting George. Thank you. However, I think we would both agree that the Britt launched in a different market than today. However, $660 to $800 is a sizable difference.

About $660/sq.ft.+ for floor 13 and will go up from there. Given the subway, I think it will sell. I think it is priced well or a bit high but given prices of YC and others it is in the range for being on the subway line. I just don't see how investors will make money at these prices however if...

About $660/sq.ft.+ for floor 13 and will go up from there. Given the subway, I think it will sell. I think it is priced well or a bit high but given prices of YC and others it is in the range for being on the subway line. I just don't see how investors will make money at these prices however...

I would like clarification of the size of the units but it sounds like it might well be starting at the $630/sq.ft. level assuming a 1 bedroom is 450 sq. ft. I am guessing the 1 bedroom /den is 550 sq.ft. the pricing sounds right....add the subway and I am betting investors will buy them. Do...

Eug, I realize that is not the law. Let me ask you though to think of this in terms of other purchases. Imagine you want to buy a car and the price is $20K. You offer $20K and now the dealer says no the new price is higher? Same thing with a couch you want to buy. The price is $3K. You...

Bubble A thousand people went through the house. What a waste of a lot of people's time. If the house was worth well over $1 million, price it at $999K....it would still get lots of offers presumably....at least the article suggests that. Also, the multiple offer situation wastes the...

The one thing with the stock market...it is a lot more liquid than real estate. Hence, my personal view is one should diversify. You don't hit home runs but you also don't get wiped out if one asset class is hurting. Of course, since asset classes seem to moving a lot in tandem, diversifying is...

Real estate is like any other investing. I know very few people who get every investment decision right. Personally, I just try and get more right than wrong. I am more than a little suspicious of people who "know the market" and therefore have it all figured out. I appreciate that...

True they don't talk about actual sales but there are some references which if to believe suggest at least some projects are selling: Core condos sold out in a month. They say YC had incredible interest and I have heard indirectly that they sold about 90% of it. Don't have hard numbers but at...

From todays Star: Condo developers start 2014 with record number of launches. Downtown sees biggest demand remains for units. By: Susan Pigg Business Reporter, Published on Wed Apr 09 2014 Developers are so optimistic that confidence has returned to the condo market...

I am curious...would you buy in this setting. Price is quite high in my view with High $600's on the ground which means $700's/sq.ft. for some height and I am sure parking and locker is extra probably approaching $800sq.ft. I am guessing.

Agree with this post except for one point. I don't know that the relationship will be definitely linear...that an 8-10% rise in mortgage payments will result in a proportionate decrease in price. It could well be but it is equally possible that it would be less or more. I believe this as...

KeithZ, I was just trying to point out that I am not so sure it will be a sudden hard landing as the economics are somewhat different when you are talking about 13% mortgage rates vs. 3%. Interesting article in Today's Globe: TO ME THIS SOUNDS LIKE IF TRUE THAT LOW INTEREST RATES WILL...

Unless there is a large increase in interest rates or as someone aptly pointed out, instability in Canada (Quebec Election, sovereignist win and talk of referendum...especially if it looks like the PQ could win a referendum ( a lot of ifs ) that would create the hard landing. If interest rates...

Good observation. However, even if the PQ wins, I think it will depend on the result. If a minority government, no effect or at least no change. If a majority, yes we will see 1-2% possible drop in the C$ and maybe some minimal increase in interest rates until such time as an actual referendum...

Everyone is acknowledging the market is hot right now. I suspect it will continue for the next few months. People have been waiting a year or 2 now and there is pent up demand of people who just want to move. In my experience, the market will suddenly stop...it will be rapid thing which occurs...

Remember Will Dunning is the chief economist for the Canadian Association of Accredited Mortgage Professionals. This is the group most impacted by the rules returning to where they were prior to the liberalization... I can't state for sure but I would bet the mortgage professionals were lobbying...