1.cheaper for the developer to pay out comm. vs advertising to general public, take months for the developer to sell 500 units. 2. HYPE as u can see in curious George brings in 5 clients, another agent brings in another 5= so called VIP sales = compulsive buying, makes ppl think there getting a...

Ponzi scheme

my guess there unwise. what goes up must come down its the law of physics. Canada real estate downturn isn't going to be like US shock and awe. its going to be 7-10 yr downturn avg 2-3%yrly price correction. price plateau in Q4 2014, downturn will start mid Q3 2015

770 bay st lumiere building, unit at 895 sqft 2 +den, with locker. just sold for 641,000 . $716 sqft

I agree with above statement. property will not go for 2m. max $1,785,000. if its a flip its not a good investment at all. land transfer tax on 1.365m= 47k reno 2000 sqft x $150sqft = 300k+++ resale realtor 3%-5%= 53k- 88k lawyer buy/sell= 5k carrying cost 6 months to flip= 50k...