Aura Condo

[jeeva86]

This condo will be built in 2012. If I was interested in buying this, I'd have to commit something around now?

http://www.citynews.ca/news/news_16840.aspx

I thought there's an surplus of condos? How come there was a big rush/fuss for the bloor st. condo?

[metro]

1 bloor = location = insanity to buy

[Noob1ee]

You guys think there'll be a line up this time too?

[simms]

1 bloor = location = insanity to buy

If price wasn't a question, that'd be a nice place to live...

[Thalo]

Man, I'd love to live there. 2012 is about the right time when I expect to make the move to T.O. To live there, or any of the new shiny big condos in downtown, and be able to walk to work would be awesome.

[ab6386]

Looks like these condo's are sold out!! Atleast all the affordable ones are all gone, only penthouse suits left. Isn't there a condo surplus in Toronto? I heard the condo market is going to collapse in the Toronto area. I really wanted one of these units, but do you guys think I'm better off not buying right now? Also, I recently read that there are HUGE problems with glass condo buildings... do you guys still think its wise to buy an Aura condo? (check out this article)

http://www.cbc.ca/news/canada/toront...ed-condos.html

[mkerian]

Looks like these condo's are sold out!! Atleast all the affordable ones are all gone, only penthouse suits left. Isn't there a condo surplus in Toronto? I heard the condo market is going to collapse in the Toronto area. I really wanted one of these units, but do you guys think I'm better off not buying right now? Also, I recently read that there are HUGE problems with glass condo buildings... do you guys still think its wise to buy an Aura condo? (check out this article)

http://www.cbc.ca/news/canada/toront...ed-condos.html

People have been saying that there will be crash for a long time.

People have also been saying that there won't be a crash for a long time.

People have also been saying that prices will instead move horizontally, or slightly higher, or slightly lower, for a long time.

The point is, don't make your home buying decision based on other people. Instead, figure out how much you're willing to spend. Make a budget with an imaginary mortgage payment. Get a real estate agent and check out some condos in the areas that you're interested in.

Buying a home, condo or house, is a decision that you make for yourself. Googling news articles is not going to find you an answer. The best advice I can give you is don't worry about a crash (or that prices will keep going higher). Buy a place within your means, budget for higher interest rates, and buy a home that you are willing to live in for the next few years at least.

For most people, homes cannot be treated as investments, where you're trying to get ahead of the "market". If you buy a place that you're happy with, so what if the market crashes? You have a home that you can live in and be happy in. By the time it's ready for you to move on, the market will have recovered and you won't have anything to worry about.

[Kohanz]

People have been saying that there will be crash for a long time.

People have also been saying that there won't be a crash for a long time.

People have also been saying that prices will instead move horizontally, or slightly higher, or slightly lower, for a long time.

The point is, don't make your home buying decision based on other people. Instead, figure out how much you're willing to spend. Make a budget with an imaginary mortgage payment. Get a real estate agent and check out some condos in the areas that you're interested in.

Buying a home, condo or house, is a decision that you make for yourself. Googling news articles is not going to find you an answer. The best advice I can give you is don't worry about a crash (or that prices will keep going higher). Buy a place within your means, budget for higher interest rates, and buy a home that you are willing to live in for the next few years at least.

For most people, homes cannot be treated as investments, where you're trying to get ahead of the "market". If you buy a place that you're happy with, so what if the market crashes? You have a home that you can live in and be happy in. By the time it's ready for you to move on, the market will have recovered and you won't have anything to worry about.

While I mostly agree with your reasoning - why buy at all? Sometimes not buying is the right decision as well. Home ownership is not the no-brainer that it used to be.