Search results

Agree CDR. I am wondering which will be the winning and which will be the losing buildings. I tend to think most units inside bedrooms will be losers as will the bowling alley suites. I also think the huge towers with a lot of units will have trouble as a fair number will be on rent/sale at the...

So, is it best to hold on to them or should we perhaps look into selling in early 2016? Two years ago it took me less than 24 hours to find a tenant for my furnished 1+1 unit at 21 Nelson. Now, it took just over two months with zero increase to the rent. I can already feel with all the units out...

I just went on MLS and it suggests 32 for rent at 295 Adelaide. Is there a reason you think people don't like living there even allowing that there are 32 and not 64 for rent? There are 31 for sale at 21 Widemer. Do you think it is the price point or the building. I have not been in either so...

I think it would be interesting to see what the numbers are for condos on the MLS and the absorption rate compared to the same time last year. Don't know if someone could provide this for the Toronto core. I do suspect you are correct Migos that there will be more competition this Spring for...

Migos, most people do not look to move in February, especially when there is a foot of snow on the ground. I would like to see how fast these buildings rent and what is left say after May 1. I don't know that Calgary will significantly affect Toronto, at least in the short term. Oil has always...

Thanks. I thought it might be this project but they referred to 100 Peter Street. Does anyone know if it has just been registered or just allowed to come onto the MLS What would be interesting is to see how fast the 100 condos get absorbed. My bad... I see it was 101 Peter Street...

Which project is this? Also, how long has it been ready and is it registered? If 25% are up for lease and it is brand new and just registered, is that surprising?

With due respect RZ12 I find this somewhat offensive. I can't get use to the fact that a bunch of young people are allowing themselves to be enticed into taking on a lot of debt based on the fact that they can meet the payments. A million dollars even if it is not what it used to be is a lot of...

You bring up an interesting point. When I have in the past bought condos to rent out I have paid premiums for somewhat higher floors and sought out good layouts. It has not been worthwhile the past 15 years because everything...good/bad/ugly is renting in downtown Toronto. I wonder now with...

So are you predicting prices are going up further (besides the immediate short term bump as people try to buy with even lower interest rates?)

I agree it is not a sign of good things. With the depreciating dollar however, while not good for a foreign investor if it continues to drop, it got cheaper here and correspondingly more expensive to buy in the US. Also, as Canadians we are taking a big hit when our dollar drops 20% in 2...

From the on line globe and mail: Addresses some of the questions raised by Ka1. Oil's threat vs. household debt: Poloz's delicate balancing act TAMSIN McMAHON - REAL ESTATE REPORTER The Globe and Mail Published Wednesday, Jan. 21 2015, 7:30 PM EST Last updated Wednesday, Jan. 21 2015, 7:39...

Ka1: I really don't know. I am not a pro but I have some thoughts which I am willing to share and likely will end up being wrong. I believe and this is unchanged from my posts from over a year ago that the US, Europe and Canada and for that matter most of the developed world cannot cope with a...

I believe for there to be a recession, there has to be 2 quarters consecutive of 0 growth. I think this is also possible. I don't think there is any doubt that we will have less than 2% growth this year given the collapse of oil prices unless there is a sudden and stunning reversal and I don't...

I agree with the thought of end users. The question is...at least in Toronto...can the end users afford to bid up prices any further or for that matter, even muster the downpayments to invest? I know a lot can but a lot I would think can't.

[/B] I don't know Ka1 if that will avoid the expected downturn though it may mitigate it to a degree. The answer is....who knows. Meanwhile today the Bank of Canada seemed to acknowledge as much as a 30% overvaluation of real estate. Finally, if people have assets in both the stock market and...

Migos, in fairness, show 2007 to 2009 and then to present. Does not look anywhere near as good. Much like showing real estate growing from 1996 onwards with the small downturn in 2008-2009. If one shows 1989 onwards, graph does not look anywhere near as good. With government printing presses...

Agree Wooba. Alot of this is noise though I have to say when the market went in 1/2 and one watches their stock market savings cut in 1/2, that is problematic. Dividends are essentially like rent with the appreciation of the market and the real estate over time only relevant if one is selling...

I agree with you Migos. The C$ has done well against most currencies except the USD. That said however, remember that the US is our largest trading partner so the C$ vis a vis the USD is much more important that it is to other currencies, the clearly the USD is important as it is the premier...

I agree with Ka1 but just because everyone is nicely walking off the end of the cliff, I don't think I would advise doing the same. SFH's will hold their value better, especially close to the core. But we did see significant drops in prices in 2008. As far as family size condos increasing in...