Wow, looks like you hit a nerve. I’ve had my suspicions but now we full well know what camp MM is in, Chinese money laundering troll. Can’t wait for him to pitch how money laundering is good because without it Canada wouldn’t have an economy. Got fentanyl?

Chester, the only real hypocrite here is you.
You had your entire life to try to make Canada money-laundering free.
But you preferred to do nothing, until someone in media created a hope that actions against money laundering can be just another hit on house prices. At that moment you started talking about it as the most important thing in Canada.
That’s what true hypocrisy is.
No offense, but everyone here clearly sees that you don’t care about money laundering and that you are completely driven by a naive hope of taking advantage of another artificial market shock.
Pathetic.

To make it even funnier, the genius like you is actually claiming even banks to be idiots.
Banks are willing to lend money with rate almost below inflation if you have 20% down.
With 35% down they don’t even need to see your income.
It tells you what they think your risks are on duration of any 5 years to find yourself 20-35% under water. I give you a hint, they think risks are statistically insignificant.
What an embarrassment, eh?

Do you have even a small bit of rationality?
Real estate investing has no sense anywhere in the world if you are not using leverage.
You are a #$% genius if you wanna say “Just because leverage can create losses, not just profit, real estate guys should never use leverage”.
Obviously on your work employer pays you not for process of thinking.

Gerry, just curious, whereabouts is your house?

Payments came down and prices are only coming down at a rate of $6,000 month. Make sure you put. on some chain maille gloves if you’re going to try and catch that falling knife.

You think leverage only applies to gains, and have the audacity to call someone a kid? lol. What’s in the water up there that makes Canadians unable to accept basic math?

Enjoy your 300 sqft condo while you can kiddo. I can already tell you’re a tech bro that’s going to throw a fit when your job disappears and your condo’s value evaporates.

OMG naive kid, have you ever heard about leverage that multiplies gains?

Sales increases should continue there up trend. Thanks for the awesome update.

Maybe for new condos only? I bought a resale condo in 2015. It’s over $350k more expensive today.