Real Estate

CBC Documentary looking at Toronto condo market

  • Last Updated:
  • Aug 12th, 2019 3:43 pm
[OP]
Sr. Member
Jun 13, 2009
854 posts
570 upvotes
Toronto

CBC Documentary looking at Toronto condo market



Originally aired in 2013. Thoughts?
16 replies
[OP]
Sr. Member
Jun 13, 2009
854 posts
570 upvotes
Toronto
9:58 - 10:20 - She called the affordabillity crisis. $700/sqft is a bargain for a downtown condo today.
Deal Addict
Apr 14, 2017
1967 posts
619 upvotes
DT Calgary
Imagine if these prices still we're around, then maybe it'd be affordable for the common folk.
Deal Addict
Jul 29, 2006
4147 posts
981 upvotes
My thoughts are if you listened to the negative parts of this in 2013, you lost out on major gains.
Deal Guru
Feb 29, 2008
14774 posts
11114 upvotes
Tarrana
nx6288 wrote: My thoughts are if you listened to the negative parts of this in 2013, you lost out on major gains.
Understatement of the year.
Deal Addict
Jan 26, 2016
1810 posts
1731 upvotes
Toronto, ON
JayLove06 wrote: Understatement of the year.
I remember the journalist who was asking to interview people, and I believe it was this very forum where he was. Good old times. Though the points regarding maintenance are sound - those glass condos will not last.

*It's also impressive how people easily tend to believe the message as long as the medium looks legit.
Deal Guru
Feb 29, 2008
14774 posts
11114 upvotes
Tarrana
WinterSleep wrote: I remember the journalist who was asking to interview people, and I believe it was this very forum where he was. Good old times. Though the points regarding maintenance are sound - those glass condos will not last.

*It's also impressive how people easily tend to believe the message as long as the medium looks legit.
I remember that too. Wow, that was 6 years ago? Time flies.
Banned
User avatar
May 21, 2019
199 posts
155 upvotes
Why is CBC just now posting this video ? lol.... its seems to be years old...
Deal Addict
Jul 3, 2007
3392 posts
3722 upvotes
Toronto
they should do a new one on how AirBnB is screwing up the rental market....
Deal Guru
Feb 29, 2008
14774 posts
11114 upvotes
Tarrana
joepipe wrote: they should do a new one on how AirBnB is screwing up the rental market....
With how terrible the rental rules are in Ontario I have 0 issue with Airbnb
Deal Addict
Jul 3, 2007
3392 posts
3722 upvotes
Toronto
JayLove06 wrote: With how terrible the rental rules are in Ontario I have 0 issue with Airbnb
i agree but airbnb is a major problem too.... the city has turned into a giant hotel....
Sr. Member
User avatar
Jan 21, 2017
925 posts
295 upvotes
joepipe wrote: i agree but airbnb is a major problem too.... the city has turned into a giant hotel....
I think it would be better if airbnb is just for tourists vs renting it out to anyone (like some 19 year old throwing parties )

Build a system that prevents the platform from being misused.
Deal Addict
Jul 3, 2007
3392 posts
3722 upvotes
Toronto
DPR2017 wrote: I think it would be better if airbnb is just for tourists vs renting it out to anyone (like some 19 year old throwing parties )

Build a system that prevents the platform from being misused.
exactly my point, condos and neighbourhoods are being ruined, long term rentals are off the market , about 31000 was the estimate recently
in toronto alone....
Sr. Member
Jun 4, 2013
887 posts
292 upvotes
Vancouver
joepipe wrote: exactly my point, condos and neighbourhoods are being ruined, long term rentals are off the market , about 31000 was the estimate recently
in toronto alone....
If the landlord have more control and the laws actually don't put them at such a disadvantage more people might consider renting it out instead of AirBnB.
Deal Guru
Feb 29, 2008
14774 posts
11114 upvotes
Tarrana
joepipe wrote: exactly my point, condos and neighbourhoods are being ruined, long term rentals are off the market , about 31000 was the estimate recently
in toronto alone....
build a better long term rental system. Home owners will continue to opt to use Airbnb as long as the rental rules remain what they are.

Top