Comments on: Toronto New Home Prices Fall Up To $48,000, As Supply Eases Pressure

By: SH

SH — Wed, 26 May 2021 11:28:14 +0000

Oh didums. Has someone alerted Adam Vaughan? Need more central bank liquidity and interventionist policies. Can’t have a single month with a negligible decline, you know.

By: Average Man

Average Man — Wed, 26 May 2021 01:58:51 +0000

In reply to Michelle Y.

Do your parents own a home? Because eventually… Y’know…

By: Average Man

Average Man — Wed, 26 May 2021 01:29:32 +0000

Materially, after the run-up of the last 18 months (and really, of the last three years, and the two years from 2015-2017), $50,000 doesn’t really make that much of a difference.

But psychologically, if you’re someone who’s maxed out your budget, gotten money from the Bank of Mum and Dad (who may have gotten some of that money from their own home equity), and possibly committed some light mortgage fraud, believing it’s all worth it because, hey, “It only goes up,” you might find this drop just a little spooky, eh?

By: Lucas

Lucas — Wed, 26 May 2021 01:13:16 +0000

God I love watching this s**t show from the US.

By: Some Politician In Ottawa Probably

Some Politician In Ottawa Probably — Wed, 26 May 2021 00:55:28 +0000

nooo!!! NOT THE EQUITY

By: Kate Wright

Kate Wright — Wed, 26 May 2021 00:35:36 +0000

Such a joke. Prices can rise 25% in a year, down $50k in a month, and then some clown economist is going to say it’s taxes that make prices high. Okay, and when nothing changes and prices fall by $50k? What? Taxes are still there, morons.

By: Hugo

Hugo — Wed, 26 May 2021 00:32:39 +0000

In reply to Mo. People want to complain. If they don't like it, they can go read something else. This data doesn't exist elsewhere at this speed, so they can't. Canadians are just ingrates.

By: Kyle Stewart

Kyle Stewart — Tue, 25 May 2021 22:44:32 +0000

And I thought we were volatile in Vancouver.

Bra, what’s the deal with new home prices in Vancouver? No data available?

By: Rye

Rye — Tue, 25 May 2021 22:43:04 +0000

This is fine. It’s just half my post tax wage falling. Still not affordable at my household income, even though we’re in the top 5%.

By: Rye

Rye — Tue, 25 May 2021 22:41:35 +0000

In reply to Kaleb Brockhouse. Odd development indeed. I don’t understand it to be honest. It didn’t make sense in the way up either though. Maybe the pandemic premium is just going to disappear.