Personal Finance

Locked: Place your bets - is the sky falling?Toronto RE.

  • Last Updated:
  • Apr 20th, 2017 11:59 pm

Poll: RE going up/down Who knows?

  • Total votes: 9. You have voted on this poll.
House Prices Going Up
 
1
11%
House Prices Going Down
 
2
22%
House Prices Staying Flat
 
6
67%
[OP]
Deal Fanatic
Dec 27, 2013
5388 posts
1406 upvotes
Toronto

Place your bets - is the sky falling?Toronto RE.

Is Toronto going to splode?
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7 replies
Deal Addict
User avatar
Aug 4, 2003
2150 posts
675 upvotes
Dedicated sub-forum for that homie.
Loose lips sink ships.
[OP]
Deal Fanatic
Dec 27, 2013
5388 posts
1406 upvotes
Toronto
god dammit wrong section. someone report it to get moved.
Deal Expert
User avatar
Oct 26, 2003
25993 posts
1460 upvotes
Winnipeg
UrbanPoet wrote:
Apr 20th, 2017 11:25 pm
I think it'll stay flat. At least for a while before things drop.
nothing gonna change, it's a supply issue
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Deal Expert
User avatar
Jan 27, 2004
35489 posts
1862 upvotes
Toronto
divx wrote:
Apr 20th, 2017 11:27 pm
nothing gonna change, it's a supply issue
I'm not sure about that... Some say there is plenty of supply. But the demand is driving it down.
How about condo's?
Member
User avatar
Dec 13, 2016
227 posts
165 upvotes
Going down for about month or two, then it will get scooped up by even more foreigners.


I have never seen a more stupid government. Thai junta is actually inventive in comparison.
Deal Fanatic
User avatar
Oct 23, 2003
6133 posts
437 upvotes
If they allow housing to be treated like a stock exchange without capital gains taxes imposed and other restrictions, then it'll go up, to the moon.

If they limit the housing market for people wanting to live in dwellings or people wanting to buy-and-rent dwellings, the prices will go slightly down and be dead for a few years, unless interest rates go haywire.

All comes down to the allowing or not allowing the market, insured by taxpayer money, to be flip flopped by speculators and foreigners alike.

Its not a free market, so its all down to government policy.
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