A few of things:BiegeToyota wrote: ↑May 23rd, 2017 10:14 pmSo, they are figuring out the market by calling the crash for the past 10 years in the biggest economic city in Canada where everyone wants to live in? How long will it take them to figure it out that biggest, most important cities in a country simply don't crash? Another 10 years perhaps.
The haters mentioned previously there are better cash flow positive markets such as Ottawa. That's certainly where I am going after being priced out of Toronto - even Hamilton. Why bash Toronto non stop? The crash isn't happening, but priced out haters will hate.
1. does it upset you deeply that someone is expecting a real estate crash in the biggest economic city in Canada? What about people who put ketchup on their steak? Would that person be a steak hater? They're both just as infuriating, but ridiculous things to be angry about.
2. Not everyone in Canada wants to live in Toronto. Thats as bad as it comes, for grasping at straws. If that was the case, Montreal, Calgary, Edmonton and Vancouver would not exist. There's way better places than Toronto to live in, depending on your personal needs, likes, and dislikes.
3. Big important cities in the country do crash. Toronto has had 3 crashes:
Priced out haters are composed of first time buyers, investors looking for a property to hold/rent/flip and anyone up-sizing their current home that might be happy to sell for a higher price until they get sticker shock on the up-scaling purchase price.
Only way to make money out of the current market is flip for profit or cash out and leave the city, and people who actively do those things, you probably wont find on RFD.