Comments on: Greater Toronto New Home Sales Fall To Lowest Level In Over A Decade

By: Haha

Haha — Thu, 30 Jul 2020 02:33:59 +0000

In reply to Jeremy K. Jeremy, the only pent up thing is your debt.

By: vnm

vnm — Wed, 29 Jul 2020 21:37:21 +0000

In reply to Smaug. not a chance!

By: Rob

Rob — Wed, 29 Jul 2020 21:28:06 +0000

How about “greater fool” ? 🤣
Better?🤷‍♂️

By: SH

SH — Wed, 29 Jul 2020 20:52:10 +0000

In reply to Jeremy K. Well then it's too bad Airbnb'ing entire apartments is now BANNED in Toronto. Or are you hoping all the negative cashflow landlords break the law en masse?

By: SH

SH — Wed, 29 Jul 2020 20:49:57 +0000

In reply to Rob. Younger people? Boomers were predominantly piling into rental condo investment/speculation, so they don't seem to realize either.

By: Hugh Welland

Hugh Welland — Wed, 29 Jul 2020 19:26:09 +0000

In reply to James Wilson. In my neighbor hood places are closing left and right. I'm thinking of adding a public restroom (pay toilet) to my property to make a bit of extra money.

By: Rob

Rob — Wed, 29 Jul 2020 18:35:05 +0000

Price capitulation next logical event
How bad will the future economy get is unknown
In my opinion an L shape recovery is looking possible
The real estate industry’s optimistic narrative may cause a lot of tears for first time home buyers
Younger people don’t realize real estate prices can go down and remain stagnant for along time

By: Smaug

Smaug — Wed, 29 Jul 2020 18:15:09 +0000

In reply to Jeremy K. Pretty sure the new regulations banning dedicated AirBnBs will have come into full effect by the time the COVID thing is over. Unless they are rescinded as a means of countering collapsing condo demand, which is altogether possible.

By: Ahmed

Ahmed — Wed, 29 Jul 2020 17:18:39 +0000

In reply to James Wilson. Sales pitch, "It's surrounded by blocks of empty spaces, you're walking distance to a tent village, and the PATH will be closed until next year probably."

By: James Wilson

James Wilson — Wed, 29 Jul 2020 17:15:14 +0000

Why would anyone pay for a condo, when they have no idea what the level of uncertainty is for the amenities around it? Restaurants are closing by the hundreds. There’s going to be a shift in where the city’s amenities are relocated, assuming they’re relocated soon.