Of course we did, except we bought a condo for 230k in 1996 that is now worth 600k.
I feel that the downturn will be a lot smaller, because the resort now exists. Back then there were 3 condos in the entire strip and it really did feel disconnected and isolated. Upon full build out you will have 30-35 thousand people in that strip, with more shops, more services and more restaurants.
Please explain how this applies to the 905? Can I drive to downtown in 5 minutes from the 905? Do I have access to a full range of urban amenities within walking distance (if I so choose to walk)? Do I have access to an incredible network of waterfront parks and recreation options? No, no and no. There is nothing like it in the GTA. Not when you take into account the full offering of suburban amenities literally a few minutes out your door. Costco, Ikea, Cineplex, Sherway, Wal Mart, etc etc etc all a ~5 minute drive...