I think Toronto fair price is $1000 per sqft for condos

BiegeToyota wrote: ↑ Having travelled around the world for the past 10 years (don't envy me, I'm a lot poorer than the average Toronto family with a detached) my conclusion is that a fair price for a downtown Toronto core condo should be around $1000 per square foot. That about half the price of London and New York at today's rates and about on par with Paris and Moscow.

A few months ago I witnessed the opening of Ritz Carlton residences here in Bangkok. While the building is somewhat impressive the surrounding area and Bangkok specifically is a dump.... And this place was sold out at twice the price of Ritz Carlton residences in Toronto. I mean who wants to invest in Bangkok? The place is a joke with poor construction all around....Yet the cranes are everywhere.

Thousand bucks per square meter to live in a first world city where the building will outlive you for decades sounds like a deal to me.

BiegeToyota wrote: ↑ Having travelled around the world for the past 10 years (don't envy me, I'm a lot poorer than the average Toronto family with a detached) my conclusion is that a fair price for a downtown Toronto core condo should be around $1000 per square foot. That about half the price of London and New York at today's rates and about on par with Paris and Moscow.

A few months ago I witnessed the opening of Ritz Carlton residences here in Bangkok. While the building is somewhat impressive the surrounding area and Bangkok specifically is a dump.... And this place was sold out at twice the price of Ritz Carlton residences in Toronto. I mean who wants to invest in Bangkok? The place is a joke with poor construction all around....Yet the cranes are everywhere.

Thousand bucks per square meter to live in a first world city where the building will outlive you for decades sounds like a deal to me.

BiegeToyota wrote: ↑ Having travelled around the world for the past 10 years (don't envy me, I'm a lot poorer than the average Toronto family with a detached) my conclusion is that a fair price for a downtown Toronto core condo should be around $1000 per square foot. That about half the price of London and New York at today's rates and about on par with Paris and Moscow.

A few months ago I witnessed the opening of Ritz Carlton residences here in Bangkok. While the building is somewhat impressive the surrounding area and Bangkok specifically is a dump.... And this place was sold out at twice the price of Ritz Carlton residences in Toronto. I mean who wants to invest in Bangkok? The place is a joke with poor construction all around....Yet the cranes are everywhere.

Thousand bucks per square meter to live in a first world city where the building will outlive you for decades sounds like a deal to me.

nikels21 wrote: ↑ I would argue its closer to 500$ sq.ft....1000$ per square metre

4seasonscentre wrote: ↑ ?????

10.76391ft²=1m²

mau_mau wrote: ↑ half a mill for 500sq ft....seems reasonable to me

Anikiri wrote: ↑ The fact that you can still buy a lowrise within reasonable distance to the core, for under 1million is astonishing. This should not be that easy.

The problem I think is that people here are accustomed to middle-income affordability. In reality, middle-class earners should not be buying low-rise or even condos in major cities. They should be renters. I am not saying this to be a dink, but that is just how it is everywhere. If you aren't making big bucks, you should be renting or living very far away. I don't think it is right, but it is reality.

Sanyo wrote: ↑ Or tax foreigners... and watch this market crash!?

Smiley22 wrote: ↑ New condos in downtown Toronto is going around $1000 per sq ft

BiegeToyota wrote: ↑ Please link to these units.

I am assuming these might be a few high end properties, though. I am talking generally around Toronto core.