As per Nov. 2022

Detached house : $1.3m
Semi-detached house: $1.0m
Townhouse: $1.0m
Condo: $0.7m

GET FUKED TORONTO CUCKS

Moving to Hutrapper's cabin.

Where is that crash they have been talking about?

These are in Canadian $$$ tho right?

Its easy to see why there are so many diehard rentcel cope boys. They live in a place where owning a home is out of reach. And are unable to comprehend they could easily move to a place where they could own one. They'd literally rather live like a crowded rat in a city.

How is that pricing sustainable? It makes no sense. You'd need like a $300k salary to afford those homes.

the peak was 1.6 mil.

so at 1.3 mil. that's still a 300K crash. certain pockets have crashed by 400-500K. 25% off.

but it's only been 7 months. relax.


real estate crash happens over years. =)



on this trajectory, we should reach 40-50% off by mid 2023

Imagine having an entire economy based off importing the ****** who are not good enough to get in to USA or Australia.

Damn that's cold mane

I've never understood why anyone accepts that cost of living.

Paying nearly the absolute highest cost in the world, and you look out the window and you're in Mississauga or Brampton.

Every highway should be uhauls leaving.

with the worst traffic in all of north america. worse than NYC and LA JFL



I was just talking to a friend yesterday at the Christmas Market, I was like "why am I buying a million dollar house to live in India?"

Disagree. There really hasn't been a drop in price. All that has happened is that the days where people were in bidding wars over property paying 20-30% over asking prices has gone away. Actual sales prices of houses are more or less stable, gently rising. At least that's here in the southern US, not Beverland.

Beverland has a serious problem with foriegn investors which was driving their housing market to stupid levels.

you are coping hard




Home Prices in Toronto Have Dropped More Than $500,000 in 6 Months


https://storeys.com/toronto-home-pri...20the%20market.




all backed by sales data.

Immigrants should be banned from deploying capital in the country for home ownership for 5 years minimum.

The biggest issue has ALWAYS been climate CUCKS and indigenous losers stopping development of new property/infrastructure. BRB ontario is bigger than texas but housing crisis HOW.

Developers would lOVE to literally create cities along the 401 and the 400 its fkn empty land.

Just seen some reta@rded bish on my linkedin post about stopping a bill that will reduce zoning regulations so developers can start building more houses. "We must stop this bill because the climate!!!!" fkn doesn't make sense how these people think. She's an MBA btw. fkn tard b!tch should get lynched in front of her class for that stupid ass opinon.

Buying a condominium next year in Alberta, thank god for our oil!

1.3 will probably buy you an old house with bodies buried underneath. anything remotely aesthetic, even out in the burbs will run 1.8-2mil.

market correction from covid idiocy and decrease in demand from increase in interest rates.

real estate in toronto is still a great market. just watchout your cost basis.

it's not a great market for those that bought at 2 mil and lost $500K in 6 months lol. now their monthly mortgage payment went from 8K to 12K.


it's a tanking market with increasing interest rate and everyone has variable interest rates. the average mortgage in Toronto is 900K LMFAO


imagine how much higher are the mortgage payments now vs a year ago?



Most people are living under the gun in Toronto. Except for the rentchad.

Come to Alberta, this was just under $1m in my corner of Canadaland

Spoiler!

foreign direct investment accounts for soejmthing like 3% and 4% in toronto and vancouver... and last time i checked a good chunk of that was from american mega groups buying up entire buildings at a time.

by this logic no market is a good market lol. everything is down y/y...

you should see vancouver

That is crazy for some chithole in bfe with crappy weather. I would pay not to live there.

That might change if the planet continues warming (regardless of the reasons it's warming)

Research into this suggests that Canada and other northern lands could become a haven for climate refugees in a scenario where the planet continues warming and current temperate zones become less livable

incorrect.

it's a great market if you can sell at the top and buy back in at a discount.

Or if it swings back to ice age your home is under 1 mile of ice.

We are in an ice age right now -- an interglacial period that started about 11,000 years ago, but we're currently in the Pleistocene Ice Age that began 2.5million years ago

The entirety of human civilization has occurred within this interglacial period

ya ill just hop in my DeLorean and fire up the flux capacitor. good luck timing the market bro.

foreign investors isn't the biggest problem, not by a long shot.

One huge problem are developmental time/costs. It takes a very long time for land to meet all of the zoning regulations. It can take up to 10+ years right from the purchase of the land to being able to start/complete construction on it. In that time, prices fluctuate, economy fluctuates making these projects risky to take on. That risk can be seen in the form of price increases.

The other problem is record levels of immigration. This is further compounded by the fact that new immigrants settle in the largest cities (Toronto, Montreal, Vancouver) rather than small cities. Largely bc there are a lot more job opportunities and more of "their people". This increasingly puts pressure on the housing market to increase supply which can't be increased immediately. Therefore things like rent and house prices go up.

Other problems have included general inflation of materials, carbon taxes which are really an everything tax, previous covid restrictions, etc.

Housing is cooling off a bit, but I don't see them absolutely cratering unless people start defaulting on mortgages en masse and banks start to get fuked bc of schemes similar to american banks which led to a recession in 2008. Interest rates will increase here again but I doubt we'd ever get down to pre-pandemic levels. It'll rise again eventually after dropping in 2023.

Not according to Graham Hancock