[grey]

Wishful thinking. Less than 5% of Toronto's condo market is owned by foreign investors, and most of them hold onto units for 6 years or more. The CMHC collects this data semi-annually.

 

[TheKingEast]

Good thing I got lots of time on my hand For the price of a decent condo, I could buy a nice castle in Europe somewhere
Remember a few years ago when the price of a barrel of oil went to almost $150 and they said it's going up further. It's now around $40 a barrel. Wait till all these foreign speculators all head for the exit door at the same time.... that's when I will be buying

Keep banking on that. You may be very disappointed.

 

[NBGtect]

Most condo investors live in the 905 and own a SFD home (which is gold!) as collateral. As long as there is a rental market in TO with low vacancies (there is!) there is no reason to believe that there will be a crash or people running for the exit door with a fire sale; let alone all doing it at the same time. It's not like they are in a social club and figure this stuff out as a group. This isn't the stock market. Real property runs with its own set of rules. But check with Garth for his take.

 

[Red Mars]

Not sure how old or recent this took place. Looks like fire damage.