Real Estate

Did we just hit the peak of the Toronto RE bubble?

  • Last Updated:
  • Aug 17th, 2017 5:32 pm
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Member
Jul 3, 2007
404 posts
400 upvotes
Anikiri wrote:
Mar 6th, 2017 10:50 am
RE Market going up: Won't buy because it's going to tank, refuse to buy at top!
RE Market going down: Won't buy because it's not done tanking it, refuse to buy anywhere but the bottom!
RE Market bottomed: Won't buy because it is an asset class where I will lose money!
RE Market is bouncing back: Won't buy because it just crashed so it'll crash again!

So....?
Lol aint that the truth...what a mess.....turner had a great blog post on the RE industry causing this whole mess , aside from a few other factors....agree 100% with him, something needs to be done by the regulators

http://www.greaterfool.ca/2017/03/05/th ... ulators-4/
[OP]
Deal Addict
Dec 5, 2009
4349 posts
2131 upvotes
Jon Lai wrote:
Mar 6th, 2017 10:57 am
Any guess why Newmarket is significantly more desirable than Aurora?
It's not. Keep in mind those are just percentage increases, and only looking at Feb to Feb. Detached avg is still higher in Aurora.

LINK: http://trebhome.com/market_news/market_ ... mw1702.pdf

Feb Detached avg:
Toronto overall: $1.573M
Toronto Central: $2.503M
Toronto West: $1.129M
Toronto East: $1.049M

York Region overall: $1.466M
Richmond Hill: $1.775M
Markham: $1.731M
King: $1.673M
Vaughan: $1.574M
Aurora: $1.336M
Stoufville: $1.334M
Newmarket: $1.203M
Others - see report.
Sr. Member
Jan 26, 2016
614 posts
455 upvotes
Toronto, ON
Sanyo wrote:
Mar 5th, 2017 8:11 pm
50% in Newmarket... never imagined this would happen in my lifetime..... people buying into this yikes...
I don't understand how these houses are getting appraised... unless buyers are putting in the difference...
Deal Addict
Feb 9, 2009
3962 posts
1668 upvotes
WinterSleep wrote:
Mar 6th, 2017 10:42 pm
I don't understand how these houses are getting appraised... unless buyers are putting in the difference...
either someone buying with massive equity or foreign investors... they are bigger than the "5%" bs number given by the realtors in toronto.
Sr. Member
User avatar
Dec 13, 2016
739 posts
545 upvotes
canuck4 wrote:
Mar 7th, 2017 9:20 am
Toronto, not Vancouver, is now North America’s hottest luxury housing market---- #6 on the list! Wow.

http://news.buzzbuzzhome.com/2017/03/to ... -217945857
Thanks for that.

From the memo and what I try to tell to crybabies that just won't listen.

“Toronto is also competitively priced compared with other global cities, the city offers good transport links, high-ranking educational facilities.
Sr. Member
Jul 14, 2002
874 posts
235 upvotes
BiegeToyota wrote:
Mar 7th, 2017 9:26 am
Thanks for that.

From the memo and what I try to tell to crybabies that just won't listen.

“Toronto is also competitively priced compared with other global cities, the city offers good transport links, high-ranking educational facilities.
"good transport links". apparently, the author doesn't live in toronto.
three subway lines, subway budget crumbling, ttc replaced by buses, people would rather drive than take public transit, gardiner being torn down.
i agree there are steps being taken to improve, e.g. metrolinx and full day trains on future GO lines, LRTs.
but really? i have experienced public transit in New York, Singapore, Chicago and it is not comparable.
Deal Addict
Jul 28, 2009
1311 posts
217 upvotes
dantey wrote:
Mar 7th, 2017 10:59 am
"good transport links". apparently, the author doesn't live in toronto.
three subway lines, subway budget crumbling, ttc replaced by buses, people would rather drive than take public transit, gardiner being torn down.
i agree there are steps being taken to improve, e.g. metrolinx and full day trains on future GO lines, LRTs.
but really? i have experienced public transit in New York, Singapore, Chicago and it is not comparable.
take out the "good" and it's accurate. TTC is horrid. Metrolinx and GO is pretty good.
Deal Expert
User avatar
Oct 19, 2003
17271 posts
3624 upvotes
Toronto (Bloor West …
canuck4 wrote:
Mar 7th, 2017 9:20 am
Toronto, not Vancouver, is now North America’s hottest luxury housing market---- #6 on the list! Wow.

http://news.buzzbuzzhome.com/2017/03/to ... -217945857
I find it interesting that Seoul is up there, I wouldn't be in any rush to move somewhere where I know the next door neighbor is armed, insane and has an inferiority complex.
Member
Sep 7, 2009
330 posts
91 upvotes
BinaryJay wrote:
Mar 7th, 2017 11:57 am
I find it interesting that Seoul is up there, I wouldn't be in any rush to move somewhere where I know the next door neighbor is armed, insane and has an inferiority complex.
Are you talking about Trump?
Deal Expert
User avatar
Oct 19, 2003
17271 posts
3624 upvotes
Toronto (Bloor West …
holden wrote:
Mar 7th, 2017 11:58 am
Are you talking about Trump?
Well done. I suppose one could argue we are in the same position. However, the United States political system was designed in such a way that smartly protects everybody - mostly - from the whims of a single man.
Jr. Member
Oct 15, 2012
112 posts
123 upvotes
TORONTO
PunPryde wrote:
Mar 7th, 2017 11:23 am
take out the "good" and it's accurate. TTC is horrid. Metrolinx and GO is pretty good.
Agreed, I dont think Toronto is on par with the real world-class cities like London, New York, Beijing, etc. New york, London and Beijing are the regional (global) economic/political centers.
When it comes to Toronto, Raptors is the only thing most ppl can relate to.
Deal Expert
User avatar
Apr 21, 2004
38714 posts
8508 upvotes
VampireJames wrote:
Mar 8th, 2017 1:44 pm
Agreed, I dont think Toronto is on par with the real world-class cities like London, New York, Beijing, etc. New york, London and Beijing are the regional (global) economic/political centers.
When it comes to Toronto, Raptors is the only thing most ppl can relate to.
It's not but in terms of liberal immigration policies, how do you think HK and Beijing stack? :) Also, it would take a position at least manager/senior manager for someone in HK or Beijing to out earn a similar position in Toronto.
Jr. Member
Oct 15, 2012
112 posts
123 upvotes
TORONTO
In terms of immigration policy, we are definitely better than the other cities. But in terms of wage, I would say you can make more money in HK or Beijing for positions like developer, researcher, managerial roles, etc.

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