I would say this is a good deal: https://www.realtor.ca/Residential/Single-Family/16900369/2113---125-PETER-ST-Toronto-Ontario-M5V2G9-Waterfront-Communities-C1 ...considering that the same unit, 14 floors below and completely walled in by an office building, is only $3000 cheaper...

If we are in a seller's market, transparency would poke holes through the hype realtors employ to inflate the perceived state of the market. So yeah prices will fall

I noticed that on there are 30+ listings on that building, some sitting for more than 3 months. I got hold of the pre-con sale price of one unit and it was only 20k less back in 2011. It may be the plateau before the crash

My parents live in an area where their home values jumped 30% in the past 12 months. They are convinced it will pop. The house has been paid off years ago, but is there any way to take advantage of that value now with the assumption that it will disappear soon? Ie: take out a massive home...

A 5% drop on a $500k property is $25K in principal or about $45K in mortgage payments. If I'm renting said property at $24K/year, $9K/year would've gone to maintenance fee and property taxes anyway, so it's really only $15K loss per year, divisible into $45K three times - basically I can rent...

Obviously a housing correction wouldn't make forumers happy on sites like this or skyscrapercity, but construction is just one aspect of a healthy economy. Contrary to political rhetoric, we should build to create things we need, not for the sake of creating jobs. We don't need our cityscape...

On another thread I heard the same thing from my financial advisor. Major correction not merely "inevitable", but "imminent", said by a guy who would be better off telling me to do a mortgage with him (I was looking at a few properties already). Only realtors and speculators will lose out in...

Yeah I heard the same thing from my financial advisor. Major correction not merely "inevitable", but "imminent", said by a guy who would be better of telling me to do a mortgage with him (I was looking at a few properties already)

I guess that adds to the question of "how is any of this worthwhile?" Unless one is expecting a sharp home value appreciation (which gets taxed). And the rent-to-price ratio is already pretty good here relatively speaking...

Hi I might be a first-time landlord soon, and want to get a general idea of how much it will really cost me. Say I buy a $150K condo, with 20% down. $120K mortgage comes to $550/month (the first 5 years avg $220/month is just the interest) Condo fee is $450/month Property Tax is $150/month...