Did we just hit the peak of the Toronto RE bubble?
- Last Updated:
- Feb 3rd, 2023 4:08 pm
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- SCORE+20
- JayLove06
- Deal Expert
- Feb 29, 2008
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- Tarrana & The Ri…
- poorwingman
- Deal Addict
- Jul 4, 2006
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It's at McCowan and 16th. You can find the floorplans here https://condonow.com/Trendi-Towns. The site plan is part of the scrolling image in the overview tab.
The front steps for the units facing McCowan go straight to the McCowan sidewalk. You can see how close it is on google street view.
Not labelled on the site plan is a place of worship on the north side of the development. I don't know what their parking situation is but I would be concerned that any parking spillover would go right into the Treasure Hill development. Btw, this is not a statement about any religion, it's a statement about me being a grouchy old man. I'd worry the same if there was a skating rink or library that didn't have adequate parking. I could deal with crowds if there was more benefit to me, like living around TooGood Pond, but this development/location is pretty generic even if the finish is nice.
+ maintenance fees, right? I can't recall but thought it was a couple hundred a month.
So back on topic... looks like people are still buying if the marketing is right. But maybe we're the only two that don't like this project if it's sold out. lol.
- jdu0ng
- Deal Addict
- Feb 9, 2013
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- Mississauga
FBT was in place since April 2017. That doesn't explain Markham down for particularly this monthnununugget wrote: ↑ No money coming in since the implementation of the foreign buyers tax.
- jonkoktosen
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- May 18, 2015
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- Thornhill, ON
- sircheersa
- Deal Expert
- Feb 22, 2011
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- Toronto
Hmm Markham and Vancouver having issues, almost like something is going down in China...jonkoktosen wrote: ↑ It also doesn't explain why Vancouver started to drop a month before the FBT was announced.
- JayLove06
- Deal Expert
- Feb 29, 2008
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- Tarrana & The Ri…
A bunch of RFD bears in there.reesefitzmaurice wrote: ↑ yeah real estate is going down, we are at a credit tightening cycle
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- blurx
- Sr. Member
- Dec 11, 2010
- 728 posts
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Nothing really informative in this thread, everyone just spitting out sh*t to support their agenda.
You'll Never Walk Alone.
- alanbrenton
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- Apr 21, 2004
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^ Amazing you read 10,750 posts to be able to confirm that.
- onlineharvest
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- Jul 14, 2008
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Maybe he's Johnny 5. DO YOU REALLY KNOW?alanbrenton wrote: ↑ ^ Amazing you read 10,750 posts to be able to confirm that.
- alanbrenton
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- Apr 21, 2004
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- onlineharvest
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- Jul 14, 2008
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I'm dating myself then.
There was an older movie called Short Circuit (might be like Wall-E?). Anyway, he grabs a book (a dictionary I think) and reads it entirely in a moment as he flips through the pages.
- alanbrenton
- Deal Expert
- Apr 21, 2004
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I see. Having been on RFD since 2004, I'm almost certain that was just a smart aleck remark coming from someone not affected by housing prices (self-made billionaire, lives with mama and papa, lives outside the GTA, etc.)onlineharvest wrote: ↑ I'm dating myself then.
There was an older movie called Short Circuit (might be like Wall-E?). Anyway, he grabs a book (a dictionary I think) and reads it entirely in a moment as he flips through the pages.
- onlineharvest
- Deal Fanatic
- Jul 14, 2008
- 8312 posts
- 1901 upvotes
- Ontario
Did we just create a new persona for the RE forum?alanbrenton wrote: ↑ I see. Having been on RFD since 2004, I'm almost certain that was just a smart aleck remark coming from someone not affected by housing prices (self-made billionaire, lives with mama and papa, live outside the GTA, etc.)
Hence forth all of the qualities you list shall be known as a Johnny 5.
So let it be written.
- alanbrenton
- Deal Expert
- Apr 21, 2004
- 58648 posts
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I was a tween back then lol. I did watch Top Gun in 1985.onlineharvest wrote: ↑ I'm dating myself then.
There was an older movie called Short Circuit (might be like Wall-E?). Anyway, he grabs a book (a dictionary I think) and reads it entirely in a moment as he flips through the pages.
https://en.wikipedia.org/wiki/Short_Circuit_(1986_film)
- alanbrenton
- Deal Expert
- Apr 21, 2004
- 58648 posts
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Make sure the persona only applies to r/e forums relating to the GTA. It's where we find the most hate for landlords, investors, non-depreciating assets.onlineharvest wrote: ↑ Did we just create a new persona for the RE forum?
Hence forth all of the qualities you list shall be known as a Johnny 5.
So let it be written.
- webdoctors
- Deal Addict
- Jan 22, 2003
- 4797 posts
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- Austin/Markham
He's a robot created by a white dude in Indian blackface....no j/k
__
demandez-lui si elle dormira avec vous pour un LED keychain
demandez-lui si elle dormira avec vous pour un LED keychain
- S52B
- Member
- Dec 17, 2009
- 255 posts
- 180 upvotes
Chinese or maybe Asian people in general would pay a HUGE premium just for brand new.
There were new developments at Bayview and Elgin Mills recently, I think townhouses starting at 1.1 million, they were sold out in a very short amount of time. But you can literally go down the street to Rouge Woods area and get a detached for roughly the same price, or down to Crosby and get a detached for cheaper.
- sircheersa
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- Feb 22, 2011
- 16517 posts
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- Toronto
If you think about a long term investment to raise your family I can understand why.S52B wrote: ↑ Chinese or maybe Asian people in general would pay a HUGE premium just for brand new.
There were new developments at Bayview and Elgin Mills recently, I think townhouses starting at 1.1 million, they were sold out in a very short amount of time. But you can literally go down the street to Rouge Woods area and get a detached for roughly the same price, or down to Crosby and get a detached for cheaper.
I doubt anyone from 1970 cares if they paid 80k or 100k today.
- alanbrenton
- Deal Expert
- Apr 21, 2004
- 58648 posts
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That's likely because it was cheaper (less frustrating) to buy new than to have to participate in a bidding war prior to short-term peak in Spring 2017.S52B wrote: ↑ Chinese or maybe Asian people in general would pay a HUGE premium just for brand new.
There were new developments at Bayview and Elgin Mills recently, I think townhouses starting at 1.1 million, they were sold out in a very short amount of time. But you can literally go down the street to Rouge Woods area and get a detached for roughly the same price, or down to Crosby and get a detached for cheaper.
Behaviors should change now that it's harder to pull off phantom / shill bids.
- JayLove06
- Deal Expert
- Feb 29, 2008
- 21738 posts
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- Tarrana & The Ri…
Good point.alanbrenton wrote: ↑ That's likely because it was cheaper (less frustrating) to buy new than to have to participate in a bidding war prior to short-term peak in Spring 2017.
Behaviors should change now that it's harder to pull off phantom / shill bids.