IMO there's more than adequate/oversupply of the small (<550 sqft) 1/1+1 bedroom condos, but a massive undersupply of family-sized (>1,200 sqft) 3-bedroom condos especially when not everybody can buy a detached or semi-detached house in Toronto.

Shaun Hildebrand, president of Urbanation: Expect a double-digit condo price drop by 2021 https://www.bnnbloomberg.ca/video/expect-a-double-digit-condo-price-drop-by-2021-urbanation-president~2050311 There's already a divergence with products and prices. When tracking similar units in...

Shaun Hildebrand, president of Urbanation: Expect a double-digit condo price drop by 2021 https://www.bnnbloomberg.ca/video/expect-a-double-digit-condo-price-drop-by-2021-urbanation-president~2050311

Chris Saccoccia is the son of Art Saccoccia, a successful developer in the Greater Toronto Area. According to his LinkedIn profile, he is the VP for his father’s company Skyhomes. Apparently he hosts/hosted weekly anti-mask raves in Toronto...

Wasn't it hash that he used to peddle?

Also, hot pots and the dipping of their utensils in a communal pot is high risk for hepatitis transmission if anyone in your party, the restaurant server, kitchen staff, etc has hepatitis.

If you're using the wipes for household use, there's a cheaper and more convenient product than lining up for hours and possibly not getting any wipes. Use a new or thoroughly cleaned and rinsed spray bottle...

Same here; however, I have friends who are in the medical field (ER nurse and radiology tech) and they were directly in the middle of it and working non-stop during the 1st wave. They saw the devastation and were constantly advising me to take proper protocols.

That's what the common areas/spaces are for. Even if there were balconies, BBQing could be prohibited.

Did you mean to say STR?

IMO the Sagrada Familia in Barcelona is alot more interesting and will probably still standing long after this condo.

Housing starts are usually for contracts that were signed 18+ months to years ago. Although the developers have P&SA, they only get deposits held in trust. The developers will want to start & complete the project ASAP to get the full funds, and hope we don't enter into recession where the buyer...

I don't know about this situation, but I don't think there's any justification by developers in asking "view" premiums as everything will be obstructed in few years unless you'll be across from designated/protected park.

A -10% return over 8 years is not unlikely, given it has occurred several times/locations in history ... it really depends on timing and context. The housing markets around the world are cyclical and typically follow business cycles. 3 years maybe too pessimistic for some, while too optimistic...

Or an older condo building from 1980's/90's that have solid concrete walls between units if freehold is outside of one's budget/location.

can you provide some quantitative measures to support your thoughts that prices won't drop in half, or any %? I saw a condo assignment listed that appreciated 80% in the past 5 years ... if it can go up that much that soon, I don't see why a similar downward trend can't happen like 50% in 3...

Speculators getting out while the going is still good. I can see the price falling back down to the original purchase price. The bubbly 80% appreciation in 5 years will be wiped out in 3 years, then stagnate for couple more years.

No one knows for sure, but there's no argument that Toronto real estate is in a bubble and based on economics, we could be looking at 40-50% decline which would only put prices back to 2011: * Canadian household-debt-to-income ratio is 177 % (+/-) * properties are leveraged for more "investment"...

I've mentioned this in another thread. With whole apartment unit Airbnb's being dead for the foreseeable future due to covid-19 and city by-laws, there are 15,000 units in Toronto (mostly in the dt core) that will definitely help ease some of the low LTR vacancy rate/supply "shortage" for sale...

I hope that's a typo as 900 sq.m. is HUGE (~10,000 sq ft) for three adults and two kids.