No worries at all... perhaps you're right, I just heard that they were happy to get financed (but it was under 'plan b', which included a hotel as they anticipated a high 'walk away' #)
Not my logic but I don't see why anything is being scrapped here... build approx # condos already sold and turn the unsold into hotel rooms. Happens everywhere. I never said size would change at all...
I would add...
It also may be quite a bit more difficult to sell my current house/condo into a 'soft' market... many won't want to make the sale at a discount in order to close.
forgot one....
www.urbandigs.com
Noah is from NYC (he's a broker with a large following as he is realistic)... NYC thought it was immune to global macro economic forces... not so much anymore. Toronto is about 6-8 months behind NYC, read Noah to get a feel for what will be happening soon in...
a few more...
how about:
http://www.canadian-housing-price-charts.235.ca/canadian_housing_price_scorecard.htm
or
http://thenumberstheydontpublish.blogspot.com/
Cost of money for Canadian banks...
Anyone notice that TD is raising money at 10%? Does not bode well...
C$ Syndicate Update * NEW ISSUE ANNOUNCEMENT..........
LEAD: TD, RBC CO'S:BNS, BMO, CIBC, HSBC, NBF, ML, DESJ...
www.streeteasy.ca would be nice
Looks like an opportunity and an easy program to write given www.mls.ca stats are far more robust than any mls site in the US. TREB first advertiser right?
Long time reader, first time poster...
299,
These sites are one of the only sources of anecdotal evidence for consumers... I'll disclose to you that I'm an interested buyer of a condo in Toronto. I'll also disclose to you that I've been lied to by developers and real estate agents...
Thx Born
Fantastic list and color, thanks very much. Any confirmations on this list from anyone? Guessing Four Seasons gets done (but many units sold or re-sold at much lower psf prices)?