Economy 52,910 Posted March 15, 2021 Share Posted March 15, 2021 https://www.bnnbloomberg.ca/the-housing-boom-that-never-ends-already-wiped-out-all-the-short-sellers-1.1577168 Canada housing boom which like the US began around the turn of the millenium and has drawn calls for a housing crash for over a decade refuses to die Home prices along many metros has risen another 30% since pandemic started due to lower interest rates while construction continues to struggle to keep up with population growth Given immigration targets were raised to 400,000 this year and rising to 450,000 annually by 2023 while vacancies are near rock bottom lows has some experts saying real estate may not get much relief anytime soon Recently a garage (sold without the home) sold for over $700,000 while home prices in the suburbs of Toronto which are seen as a cheaper alternative to the main city has average prices of $1,045,000 as of last month Link to post Share on other sites More sharing options...
Fatigay 21,211 Posted March 15, 2021 Share Posted March 15, 2021 I don't want to pay rent all my life Link to post Share on other sites More sharing options...
bionic 50,111 Posted March 15, 2021 Share Posted March 15, 2021 12 minutes ago, thierryrreiht said: I don't want to pay rent all my life You better hope your parents and grandparents die young then, seems to be the only way to get the money sadly Link to post Share on other sites More sharing options...
GagaSine 7,464 Posted March 15, 2021 Share Posted March 15, 2021 I recently read this article https://nowtoronto.com/lifestyle/real-estate/no-toronto-real-estate-bubble-says-agent-listing-a-bungalow? Link to post Share on other sites More sharing options...
PunkTheFunk 125,719 Posted March 15, 2021 Share Posted March 15, 2021 Toronto is going to end up like NYC. Soon you'll have to pay $2m+ for a studio apartment downtown. Link to post Share on other sites More sharing options...
Economy 52,910 Posted March 15, 2021 Author Share Posted March 15, 2021 1 hour ago, GagaSine said: I recently read this article https://nowtoronto.com/lifestyle/real-estate/no-toronto-real-estate-bubble-says-agent-listing-a-bungalow? $2.2M for a bangalow? Link to post Share on other sites More sharing options...
Economy 52,910 Posted March 15, 2021 Author Share Posted March 15, 2021 10 minutes ago, PunkTheFunk said: Toronto is going to end up like NYC. Soon you'll have to pay $2m+ for a studio apartment downtown. Plz dont say that. Link to post Share on other sites More sharing options...
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