Baby, we got a bubble!?

[Admiral Beez]

Toronto-area home sales surge 40% in November as prices start to edge up​

And now we’re down?

‘New home buyers are nowhere to be found.’ Toronto-area January new home sales near ‘record low’ despite excessive inventory, falling prices

Buyers continue to wait on the sidelines hoping the Bank of Canada will cut interest rates further.

www.thestar.com

Paywall free: https://archive.is/ukwPl

It’s not that hard developers. Make what the market wants at prices it is both willing and able to pay.

 

[Undead]

Edit: the article you posted refers to new home sales. Those have been in the shitter because of interest rates.

The November article is about resales which have been trending upward as the BOC cut rates. But falling again recently because of the tariffs uncertainty.

 

[Admiral Beez]

This condo investor is being sued for $860,000 for failing to close. He’s one of dozens facing lawsuits as default rates soar

He’s one of dozens of buyers facing lawsuits as defaults soar as high as 30%.

www.thestar.com

Paywall free: https://archive.is/QglDU

Or, how about you buy residential real estate that you can afford, to live in yourself, for the long-term rather than as an investment?

 

[evandyk]

That article reads like satire.

 

[afransen]

Mark Mitchell has been covering the practice by big banks to apply 'blanket appraisals' for new condos closing, where properties are valued at the pre-sale price and not their current market value.