Real Estate

7 Years of Toronto condos - New all time high in October 2019

  • Last Updated:
  • Nov 19th, 2019 5:48 pm
[OP]
Deal Fanatic
Feb 22, 2011
6529 posts
6516 upvotes
Toronto

7 Years of Toronto condos - New all time high in October 2019

A lot of people have been wrong over the last 7 years, I don't want to sit here and say I told you so but here is a visual;

Image
33 replies
Sr. Member
User avatar
Nov 1, 2001
625 posts
163 upvotes
Toronto
How much will they drop during recession not downturn? The overall trend is up, but we haven't had a bad economy during that 7 year stretch
[OP]
Deal Fanatic
Feb 22, 2011
6529 posts
6516 upvotes
Toronto
ranjeet2000 wrote: How much will they drop during recession not downturn? The overall trend is up, but we haven't had a bad economy during that 7 year stretch
No one knows but 2008 was a global financial crisis, worst since the great depression. Toronto real estate did not go down. Not to mention there have been dozens of changes since then to strengthen the stability of the market. Here is a list of about 50;

https://www.ratespy.com/history-of-mort ... s-03255560
Deal Addict
User avatar
Dec 13, 2016
3216 posts
2623 upvotes
mazerbeaner wrote: Toronto real estate did not go down.
It did go down for about 6 months... maybe less.

I remember 1 bedroom at Pantages selling for 150k
Deal Fanatic
Feb 29, 2008
9878 posts
5182 upvotes
ranjeet2000 wrote: How much will they drop during recession not downturn? The overall trend is up, but we haven't had a bad economy during that 7 year stretch
You can say this about anything.
Deal Addict
Mar 27, 2004
3760 posts
1251 upvotes
Toronto
To the moon.

Just lost out on a 1bedroom at pinnacle centre just yesterday, there were 7 bids. Market is as strong as ever. Don't let the bears tell you otherwise. Interest rates are low, and Toronto is the centre of the universe.
Full-time Realtor
Deal Expert
User avatar
Apr 21, 2004
51998 posts
16613 upvotes
There goes my aspirations to become a landlord by 2025.
Deal Fanatic
Feb 29, 2008
9878 posts
5182 upvotes
alanbrenton wrote: There goes my aspirations to become a landlord by 2025.
You don't want to be one, trust me.
Sr. Member
User avatar
Nov 5, 2018
607 posts
814 upvotes
Scarborough
To the moon?
Money, Common Stocks, Credit Cards, Coupons, Condos (MCCCC)
Deal Fanatic
Feb 9, 2009
8380 posts
5484 upvotes
I don’t see a lot of bears anymore seems like the usual crew have all disappeared. Probably show up under different t alias.

The best one was the wanna be lawyer Kanwar lol
Deal Fanatic
Feb 29, 2008
9878 posts
5182 upvotes
alanbrenton wrote: How is your batting average?
In terms of good tenants? I guess it's pretty good. The problem I have now is any issue they are quoting LTB like bible scriptures. Never had a rocky relationship with tenants until the last year or so.

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