Ok, in that case I have an important question: which of the Toronto sports teams will be the first to make the play offs - Craptors, Leafs, Jays, TFC, Argos?

Hey KA1, when I joined this forum last year you challenged me to provide my prediction and my answer to the title question. In March-April last year I said 18-24 months before we see first serious cracks with the total damage 25%+. Well, we are approaching my timeline and it will be interesting...

Do we have any real life example of "soft landing"? Any other country where prices climbed for 10-15 years period relative to income and rent levels, froze and stayed at that peak for, say, 5 years, and then continued moving up again?

KA1, everyhting ok?

CG, do you have any numbers on this as I'm really interested to see what the difference is between freehold and condos? And more importantly: why do you think this is happening?

Hibernation, eh? No, I'm working ... Anyways, my next set of questions/comments would be along the lines of cdr's comments above ... or is it that you don't care about tax advantages the same way you don't care about 50% adjustment south? Finally, I understand that you're still working... but...

Hi KA1, Question: when the time comes to move to your new Aura condo, will you be selling your current place? In one of the previous posts you noted that you're saving every penny these days in order to put as much down as possible .... which means you will have mortgage on your personal...

Don't forget the overshoot! That 10% easily becomes twice as much .... r/e market is not precise and doesn't reflect reality. It goes higher than it should, and it falls lower than it should. Most of these # crunching exercises do not include the intangible "panic factor"..... CN is correct in...

Johnzz, am I correct to say that you're using the "power of leverage" to the max? My understanding from your posts is that you're holding $10+million worth of r/e in downtown TO, of which 75% is leveraged? Are you happy with your return / rental income? Or is your main goal here price increase?

Two points: 1) I agree that SL may drop, or even prove to be a bad investment. That's not my point. My point is that even if SL goes down, AURA and ROCP will also go down and always be cheaper because they are simply not in the same class. In other words if SL goes to say $950, then AURA will...

Oh, don't get me wrong. I'm not some snob who's looking down on Aura, or even ROCP. Both of these, and most other buildings in TO would more than satisfy my requirements. I actually prefer smaller, simple, less luxury homes and condos (for my personal residence). However, from the investment / $...

btw ... what's going on with that penthouse? do I smell another one "purchased" by the builder himself as there's no real market for these unless they are in truly high end buildings?

haha ... nice try my friend, putting aura and rocp in the same class as SL ... I know you invested there, but c'mon ... they used some smart marketing with that penthouse in aura and got bunch of more or less poor people to buy into this "dream" that they will be living in the same building as...

CondoGeorge, do we know true identity of this entertainer?

Ok, all valid points and yet .... how do you explain sharp down adj of almost 15% within a 6-7 month period 3 years ago? Or the bubble in early 90s? Wasn't TO major Canadian city, played a big economic role, big banks were here, immigration magnet, etc in the 90s as well?

CG, I'd like to repeat my question to you: what's going on with Ritz and Trump? Some not so optimistic news lately about these two.... Also, what happened to that penthouse in Aura? Still on the market?

^ CG, what's going on with Ritz? It can't be people just realized that there are no balconies ... First Trump, now this ...

Please provide more detail: size and current price of these units. My feeling is that CN and CDR are right - unless you put down really really high dp there's no way you're making positive cash flow. But once your dp is high your return is low. Rental market is good in terms of time...

I'd really like to know what's the % of Chinese purchasers in GTA. Seems many people who believe in the bubble also believe that Chinese buyers are the culprit. While I do agree that the photos of young Chinese people standing in front of sales offices do add certain assurance to the local...

Fair enough. I thought that your "everyone.." statement was for people on this board who are less than excited about the future of Toronto r/e ... like me and many others. Just out of curiosity - going back to your "11 friends" statement: you said only one put less than 20%. How much would you...