Toronto Is Booming!

[Rickson9]

Alt-reality ?

Look to BC for evidence .. not your navel.

"Avocado toast be damned. Home sales bounced back to nearly record levels across the Greater Vancouver area in May, according to the Real Estate Board of Greater Vancouver’s latest numbers."

http://vancouversun.com/news/local-...e-sales-return-to-almost-record-levels-in-may

 

[Thomas Beyer]

When the rich actors start to buy perhaps, just perhaps, it's time to sell.

 

[Thomas Beyer]

When rich actors start buying perhaps it's time to sell ?

 

[Tory Z]

Be fearful when others are greedy and greedy when others are fearful.

Sent from my SM-G935W8 using myREINspace mobile app

 

[Rickson9]

^ That's what I told people in Calgary a few years ago

 

[DEWDROPS]

^ That's what I told people in Calgary a few years ago

And they didn't listen to you?

Everyone is greedy in Toronto (has been for few yrs now), what makes you buy more in TO? Just wondering.

 

[BREAKRZ]

Actor Robert De Niro, celebrity chef Nobu Matsuhisa and a cavalcade of development executives are betting huge on Toronto despite outside concerns about a real estate bubble in the city.

The "Taxi Driver" star said he's getting a free unit in the development, which could mean the New Yorker will swing by the city more frequently.
"Toronto's a great city. It's got a great film festival," he said.
"It's a great city and an important city."

http://www.bnn.ca/nobu-toronto-execs-say-they-re-not-concerned-about-real-estate-bubble-1.765430

How's the market in Toronto doing? Still full speed ahead unstoppable?

 

[Chris10010]

Many investment opportunities on our website:
http://oakmontinvestment.com/investment-properties/

We also offer private money loans for USA RE investments
Why spend a fortune on 1 Canadian property when you can buy 10 in the US for that amount?

 

[Thomas Beyer]

Too many listing and not enough sales could indicate a drop in prices after the last few years' sharp run-up in prices ( ratio now close to an all time low)

http://business.financialpost.com/p...-a-major-market-indicator-says-they-will-soon

 

[Sadia.Anwar]

Tornoto is a beautiful place to live in ... I really liked all the infrastructure and development work being depicted there.

 

[Rickson9]

Government intervention had virtually no impact on Vancouver real estate prices and it won't be any different in Toronto.

“Greater Toronto home prices jumped in September as buyers appeared to put an end to a slump that began in the spring with government measures to cool a scorching real-estate market.”

https://beta.theglobeandmail.com/re...ttps://www.theglobeandmail.com&service=mobile

"Tentatively, it looks like the worst is over for the Toronto housing correction," Bank of Montreal economist Sal Guatieri said. "It's a fairly minor correction to begin with – on a year-over-year basis, prices are still up from a year ago."

Not surprising. And as I predicted.

 

[Willyboy]

“Greater Toronto home prices jumped in September as buyers appeared to put an end to a slump that began in the spring with government measures to cool a scorching real-estate market.”

https://beta.theglobeandmail.com/re...ttps://www.theglobeandmail.com&service=mobile

"Tentatively, it looks like the worst is over for the Toronto housing correction," Bank of Montreal economist Sal Guatieri said. "It's a fairly minor correction to begin with – on a year-over-year basis, prices are still up from a year ago."

Not surprising. And as I predicted.

The real correction is coming next year. See you in 2018 with way lower prices. 2018 will be a year many many people will remember in history.

 

[Thomas Beyer]

The real correction is coming next year. See you in 2018 with way lower prices. 2018 will be a year many many people will remember in history.

And why would that be? No more immigrants? Massive oversupply? Interest rates 0.25% higher? Everyone leaves GTA?

 

[Willyboy]

And why would that be? No more immigrants? Massive oversupply? Interest rates 0.25% higher? Everyone leaves GTA?

The interest rate will go up more than 0.25. Oil price is going up and then the CAD dollar will go up as well making foreign investment less attractive. Normal immigrants don't put much upward pressure on prices. FOMO will almost disappear. supply will go up. Prices have been going up for 20 years non stop and are due for a correction. There is a real estate cycle and if you look back at history there was a correction that started in 1989 and lasted for 6 to 7 years. The correction has started already in May of this year.

 

[Rickson9]

Toronto, Vancouver housing to become less affordable ‘when the fog clears’: CIBC

http://www.bnn.ca/toronto-vancouver...-affordable-when-the-fog-clears-cibc-1.915173

Tal says while the psychological effects of B.C.’s 15 per cent tax on foreign buyers and Ontario’s Fair Housing Plan have helped cool markets in the short term, supply issues facing Toronto and Vancouver will likely worsen, noting “demand is routinely understated.”

 

[Rickson9]

Government intervention had virtually no impact on Vancouver real estate prices and it won't be any different in Toronto.

Government lending crackdowns can't stop Toronto housing market as Calgary, Vancouver slow

http://business.financialpost.com/p...onto-housing-market-as-calgary-vancouver-slow

 

[Thomas Beyer]

Government lending crackdowns can't stop Toronto housing market as Calgary, Vancouver slow

http://business.financialpost.com/p...onto-housing-market-as-calgary-vancouver-slow

This article is very misleading.

Toronto’s prices have fallen hard from its peak, but both GTA and MetroVan average prices are UP substantially from a year ago. Only in some foreign dominated sub markets in Richmond or V-West did prices drop a hair on the high end ... many condos are UP well over 20% actually.

The new mortgage rules haven’t kicked in yet, so it is hard to show impact yet. It will pull average down as more smaller units will be sold.

MetroVancouver’s prices, on average, have increased over 18% since a year ago http://www.crea.ca/housing-market-stats/

Calgary is about flat. Around 499 for the benchmark price http://www.creb.com/-/media/Public/CREBcom/Housing_Statistics/Calgary_Monthly_Stats.pdf?la=en

 

[Willyboy]

Government lending crackdowns can't stop Toronto housing market as Calgary, Vancouver slow

http://business.financialpost.com/p...onto-housing-market-as-calgary-vancouver-slow

Lol! This article is from Dec 2016 not 2017. It's an old article!

 

[Cory Sperle]

How's Toronto real estate doing these days?

 

[Colin Forrest]

I'd say Wilboy was spot on, except for the part about the C$.


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