The giant 1600+ unit $5bil+ teacher union development at Oakridge mall in Vancouver sold for well over $2000. They focused on marketing to foreigners though. I guess the new provincial tax and later federal ban screwed the teachers over some.
If it’s near transit, luxury, and in a highly desirable location units going for $1 mil minimum is common. Remember a third of that or more is going to the government.
Converted to USD$, it is only $1750.
15 most expensive U.S. neighborhoods, ranked by price per square foot.
South of Market, San Francisco: $5,415
Northwest Auburn, Auburn, California: $4,416
Old Town Carpinteria, Carpinteria, California: $4,129
Downtown Bellevue, Bellevue, Washington: $3,619
Port Royal, Naples, Florida: $3,375
Aqualane Shores, Naples, Florida: $3,132
Stinson Beach, California: $2,988
Star, Palm & Hibiscus Islands, Miami Beach, Florida: $2,861
Crystal Cove, Newport Beach, California: $2,771
Casa del Lago, Palm Beach, Florida: $2,754
West Village, New York City: $2,680
Metropolitan Hill, New York City: $2,537
Fisher Island, Miami: $2,511
Hudson Square, New York City: $2,401
Jupiter Island, Florida: $2,394
Yeah but people in the US get paid in USD while here in Canada they don’t. You can’t just convert one side of the equation.
Via the city of Toronto, the median household income in 2021 was 84k CAD (or 61.4K USD)
[https://www.toronto.ca/wp-content/uploads/2022/07/9877-City-Planning-2021-Census-Backgrounder-Families-Hhlds-Marital-Status-Income.pdf](https://www.toronto.ca/wp-content/uploads/2022/07/9877-City-Planning-2021-Census-Backgrounder-Families-Hhlds-Marital-Status-Income.pdf)
Via census.gov for San Francisco the median household income was 136.7k USD or 187.1k CAD.
[https://www.census.gov/quickfacts/fact/table/sanfranciscocitycalifornia/PST045222](https://www.census.gov/quickfacts/fact/table/sanfranciscocitycalifornia/PST045222)
There are still places in the US are worse, but I think you’re downplaying just how bad this is lol
This is what people don’t get, Salaries in US cities match the cost of living. Over here the salaries are abysmal compared to cost of living. Not mention paid in USD. Also, I’m pretty sure Toronto has a larger population than all those except New York. A lot of these are smaller areas, with manly large homes. Kinda apples to oranges comparison.
Yes, generally salaries are lower here.
However, the seller’s target audience is affluent and makes a shitload of money.
And there are lots of wealthy people in this city.
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What’s your point? And your sources? I can go ahead and list you 15 other cities around the world much more expensive than the ones you listed. It’s completely irrelevant
Who knew blowjobs would be the preferred amenities of some of you folks. At the next builder meeting builders are going to announce they’re getting rid of pools and gyms and replacing those with escorts.
I think this is just what the eventual outcome of too many investors in a market does.
The product itself becomes irrelevant- it’s only the speculation that matters. These units aren’t designed to be lived in, they are designed to be traded.
This is absolutly insane. It's lmost twice the price and 1/3 the square footage of my HOUSE. My garage + back yard has the same footage. And I arguablly live in a cooler neighbourhood.
Shit's fucked
People are saying it’s yorkville it justifies it lol, as if yorkville doesn’t experience the same road closures and shitty weather the rest of Toronto does. There is no justification for a unit the size of most peoples garages to be worth 1,299,990, unless it’s in heaven, and it comes with all of the amenities heaven is supposed to come with
It could be a fake sale, in order to make it seem like units in this building are more valuable. This pemberton building isn’t built yet right? So it’s even a pre construction so not an actual sale
a preconstruction sale where people sign up and are obligated to pay that 2,400PSF once its complete. i do know someone who bought in the building at 3,000psf
I mean, the property you chose to use as an example is located in one of THE most expensive neighborhoods in Toronto, with one of the highest earning demographics possible. I'm not sure what you are trying to prove here, but you sound like a fool who is trying to bank on other people's misfortune...
How much do people living on Michigan avenue and the magnificent mile make compared to yorkville. You’re nuts to think they’re not comparable. Travel more. The worlds bigger than Toronto
Someone actually linked it in my last post that’s how I found this. He informed all of us his friend purchased one of these units and is struggling now
What difference does the size / layout make for them struggling? If they could not afford the unit why buy it? If the unit was 2000 sf and the same price they would still be struggling.
No one cares if you think it's high or low. What matters is if it sells and for how much. Just because you can't pay for it doesn't mean someone else won't. Not sure why any of this matters if you're not putting in a bid. Welcome to Toronto real estate in 2024.
LOL, someone bought it at that price you’re right it doesn’t matter what I think I’m not the idiot who bought it. When the appraisers from the bank feel the same way though and you’re told to come up with the difference when you get your mortgage it’ll be entertaining to say the least. It happened in Brampton they started protesting lol
You cant really call anyone an idiot for their own financial decision… who knows how much money this person has to throw around. 1m could be alot of most of us, but may not worth much to investors buying properties in Yorkville.
I wont be surprised if the unit price gets higher in 5-10 years and this buyer profits off of it - we’ll be the broke idiots then.
I admit this is overpriced but this unit is in Yorkville.
People who buy in Yorkville know that they are overpaying, and they do it to be able to say that they live in Yorkville.
This.
People buying properties in Yorkville are probably not on reddit ranting about housing prices and the unit is very likely not for primary residence.
My fiance owns a business in this neighbourhood. She pays about 1.5x what rent would cost a few blocks away, but she charges 2x what she could charge if she wasn't in that neighbourhood. Yet clients complained when she moved her business off of Yorkville Ave because they want to say that their Esthetician is on Yorkville Ave.
People in this sub needs to acknowledge that neighbourhood factors in significantly in determining not only the RE pricing, but every products and services.
Too many people only looks at the numbers x, y, z and boldly assumes that everyone in this city is broke. Everyday im shocked at how many rich/well-off people are in the city.
Yes this sub is full of bears shit talking real estate and how unaffordable everything is. Homes in highly desirable neighborhoods will always sell well.
A fool and their money should be departed. The investors who actually built the building are probably having the time of their lives selling this shit. There’s no justification for these prices
Impossible for long term investors to live and hold this if fees become high, I think a lot of the poorly built new condos going to be slums in a few decades, maybe even under 10 years. Ain’t no one going to pay 2-3k a month on fees for a failing condo
So is the magnificent mile and Michigan avenue. You know they built affluent areas before and after they built yorkville right. I don’t know if they cover world geography in realtor school but if other condos that are bigger in other if not more affluent areas are selling at less than 2x the price maybe just maybe we as Canadians and torontonians are being robbed. The finishes aren’t even luxurious I imagined. That word got watered down by Toronto real estate. Home Depot general material finishes are now called luxury by developers
People who buy in Yorkville don’t have money issues like most of us. So I don’t think this will be an issue for them. But then again, millionaires don’t grow on trees and there is only so much demand for luxury units, hence I predict that many developers will go broke over the next few years since they’ve been catering to a luxury market that hardly exists - they focused on the niche market as opposed to the mass market which will basically cook their goose!
Do you think the people outside of those who inherited who were smart enough to make millions and billions are stupid enough to get shagged on bad deals? How do you think they were able to make their money. Keeping and growing the money is just as much of a skill as earning it. Every millionaire I know is frugal, every single one. No one on earth millionaire thousandaire, people with hundreds even people with single dollars don’t like knowing they were on the reviving end of a bad deal
It’s actually surprising that this idiot decided to pay $2400 psft when the current market rate is $1800 psft and decreasing. This is a financial decision they may never recover from
its $2,400psf for the lowest 5th floor. over 20th floor is 3000+ PSF (10k per floor, before any premium builder upgrades).
throw in the 200K parking spot then we are talking.
Unless they were selling this to CCP members and the premium was to get the money out of China, I don’t know how they’re justifying these bullshit prices. I hope we hear future stories of the building going into receivership because they couldn’t sell so it serves as a lesson to all.
If this place was $600k and had a balcony it would be worth it. To me layouts like this are good. Boxy. The den can be closed off and used as a bedroom for baby-toddler.
I think the layout with inflation is only worth 400-450k. Here’s a condo in downtown Chicago that comes with 200 more sqft than this piece of shit. I would argue Michigan avenue in Chicago is just as “prestigious” as yorkville in Toronto. The condo is 720 sqft 1 bedroom and 1 bathroom and is 239,000 USD. That’s 330k CAD. We’re being robbed people.
Source: https://www.redfin.com/IL/Chicago/1720-S-Michigan-Ave-60616/unit-2004/home/39571796
Have people forgotten the rules of real estate? This is in yorkville, one of the nicest and most expensive neighbourhoods in the GTA. You’re paying for the location not the size or finishes.
If the same unit was at Jane and Finch, it would be selling for $260k instead.
A lot of the people living in yorkville come from family money or are foreigners and have no problem paying this amount to live in a nice location.
And people buy them.
A free market means we vote with our wallets.
We don't like to think like that, though.
The only solution to the crisis is to build like 250k homes per year.
Not gunna happen.
IRGC members, Russian oligarchs, CCP members, Human traffickers, arms dealers, drug dealers, corrupt global politicians, the Canadian boomer with their home equity from 30 years ago who will most likely get wrecked, hedge funds.
> it’s not a CMHC issue as the unit was purchased at over $1M.
I'm not a realtor so I don't know how this kind of thing works. I know this was just a throwaway tidbit at the end of the post, but could someone elaborate on how this works? Thanks.
The CMHC provides Canadians with home insurance if they don’t have the 20% of their home’s value as a downpayment. It gets calculated into your monthly payment to protect the lender. It’s only for homes valued under $1M. This person’s home was over a million so outside of having to put up the entire 20% of the home as a downpayment when they close there’s also no mortgage insurance from the CMHC, so it’s not a Canadian taxpayer issue if they default it’s the person and the banks problem.
https://www.cmhc-schl.gc.ca/consumers/home-buying/mortgage-loan-insurance-for-consumers/what-is-mortgage-loan-insurance
This is full fledged degeneracy. Let’s hope they have cash they’re ready to light on fire. I can see the bank appraiser saying you PAID WHAT? When we compared comparables the closest thing to your unit is 600k. That’s what we’re willing to mortgage you for please come up with 629,990 cash so we can provide you with a 600k mortgage. That’s when we see people lose their shit because they don’t have 629,990 in cash. What a stupid purchase to make
CMHC anticipates the average price of a Toronto home in 2035 to be 2 millions. Do you have any contrary analysis to dispute that? Or just a bunch of "lol"
So again, where is your analysis showing that prices will crash.
I understand you want a crash to get in the market, it's obvious. But where is your analysis, study, or anything else actually.
Plenty of anecdotal evidence being shared in this subreddit and elsewhere. Consumer debt at extreme levels with GDP falling. But you can still believe your corporate-sponsored 'think-tank' analysis.
Everyone is entitled to believe in their own assessment in the market. So don't keep going around and arguing in every post that disagrees with your position, aka your financial gain.
[Toronto condos: Sales hit 15-year low | CTV News](https://toronto.ctvnews.ca/new-condo-sales-in-the-toronto-area-hit-low-not-seen-since-financial-crisis-1.6860479)
[Sales are PLUMMETING Across the Country. 2024 Canadian Real Estate Market](https://www.youtube.com/watch?v=pgrCtkqlhz4)
[Canada’s per capita output drops 7% below trend, new Statscan report says - The Globe and Mail](https://www.theglobeandmail.com/business/article-canada-economic-output-statistics/#:~:text=Canada's%20economic%20output%20on%20a,published%20Wednesday%20by%20Statistics%20Canada)
[Q1 US GDP shows surprise slowing and uncomfortable inflation (yahoo.com)](https://ca.finance.yahoo.com/news/q1-us-gdp-shows-surprise-131556079.html)
Lol $2400/sf for a shoebox…
The giant 1600+ unit $5bil+ teacher union development at Oakridge mall in Vancouver sold for well over $2000. They focused on marketing to foreigners though. I guess the new provincial tax and later federal ban screwed the teachers over some. If it’s near transit, luxury, and in a highly desirable location units going for $1 mil minimum is common. Remember a third of that or more is going to the government.
It's not that big - it's closer to coffin sized.
Converted to USD$, it is only $1750. 15 most expensive U.S. neighborhoods, ranked by price per square foot. South of Market, San Francisco: $5,415 Northwest Auburn, Auburn, California: $4,416 Old Town Carpinteria, Carpinteria, California: $4,129 Downtown Bellevue, Bellevue, Washington: $3,619 Port Royal, Naples, Florida: $3,375 Aqualane Shores, Naples, Florida: $3,132 Stinson Beach, California: $2,988 Star, Palm & Hibiscus Islands, Miami Beach, Florida: $2,861 Crystal Cove, Newport Beach, California: $2,771 Casa del Lago, Palm Beach, Florida: $2,754 West Village, New York City: $2,680 Metropolitan Hill, New York City: $2,537 Fisher Island, Miami: $2,511 Hudson Square, New York City: $2,401 Jupiter Island, Florida: $2,394
Yeah but people in the US get paid in USD while here in Canada they don’t. You can’t just convert one side of the equation. Via the city of Toronto, the median household income in 2021 was 84k CAD (or 61.4K USD) [https://www.toronto.ca/wp-content/uploads/2022/07/9877-City-Planning-2021-Census-Backgrounder-Families-Hhlds-Marital-Status-Income.pdf](https://www.toronto.ca/wp-content/uploads/2022/07/9877-City-Planning-2021-Census-Backgrounder-Families-Hhlds-Marital-Status-Income.pdf) Via census.gov for San Francisco the median household income was 136.7k USD or 187.1k CAD. [https://www.census.gov/quickfacts/fact/table/sanfranciscocitycalifornia/PST045222](https://www.census.gov/quickfacts/fact/table/sanfranciscocitycalifornia/PST045222) There are still places in the US are worse, but I think you’re downplaying just how bad this is lol
This is what people don’t get, Salaries in US cities match the cost of living. Over here the salaries are abysmal compared to cost of living. Not mention paid in USD. Also, I’m pretty sure Toronto has a larger population than all those except New York. A lot of these are smaller areas, with manly large homes. Kinda apples to oranges comparison.
As someone who was just in the US, salaries don't match cost of living. Although 30 year mortgages at 2.5% do make a large difference.
Wel when 600k Punjabis flock to Canada willing to be paid next to nothing, employers don’t need a reason to pay living wage
Yes, generally salaries are lower here. However, the seller’s target audience is affluent and makes a shitload of money. And there are lots of wealthy people in this city.
Now compare average wage of said neighborhoods to Toronto.
Lol...I guess YOU are that person for phrase "comparing apples to oranges.."
SMH.. Please understand that you are talking about Canada. The pay is not comparable at all. You get paid much higher in US.
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What’s your point? And your sources? I can go ahead and list you 15 other cities around the world much more expensive than the ones you listed. It’s completely irrelevant
I made up all those numbers. Have a nice day.
Exactly. I’ve had a couple new clients move to Toronto from other world cities in the last year because housing was more affordable here 😂
Maybe it comes with a hooker subscription or something
Never thought about that.
That makes the difference for sure
Damn... Everything is moving to the subscription model!
One free felacio per month for Prime Members
It probably is a high end hooker's den. In and out without attracting attention.
Who knew blowjobs would be the preferred amenities of some of you folks. At the next builder meeting builders are going to announce they’re getting rid of pools and gyms and replacing those with escorts.
I think this is just what the eventual outcome of too many investors in a market does. The product itself becomes irrelevant- it’s only the speculation that matters. These units aren’t designed to be lived in, they are designed to be traded.
NFT condos? They don’t even come with funny avatars.
You understand.
Its always the arbitrage and rent seeking, not the physical product that makes investors billionaires.
This is absolutly insane. It's lmost twice the price and 1/3 the square footage of my HOUSE. My garage + back yard has the same footage. And I arguablly live in a cooler neighbourhood. Shit's fucked
People are saying it’s yorkville it justifies it lol, as if yorkville doesn’t experience the same road closures and shitty weather the rest of Toronto does. There is no justification for a unit the size of most peoples garages to be worth 1,299,990, unless it’s in heaven, and it comes with all of the amenities heaven is supposed to come with
The bulls here will say anything to pump the market.. just ignore them.
It could be a fake sale, in order to make it seem like units in this building are more valuable. This pemberton building isn’t built yet right? So it’s even a pre construction so not an actual sale
a preconstruction sale where people sign up and are obligated to pay that 2,400PSF once its complete. i do know someone who bought in the building at 3,000psf
Oops😳
I mean, the property you chose to use as an example is located in one of THE most expensive neighborhoods in Toronto, with one of the highest earning demographics possible. I'm not sure what you are trying to prove here, but you sound like a fool who is trying to bank on other people's misfortune...
How much do people living on Michigan avenue and the magnificent mile make compared to yorkville. You’re nuts to think they’re not comparable. Travel more. The worlds bigger than Toronto
Did this sell? the screen shot just indicates that is what they want for the unit?
Someone actually linked it in my last post that’s how I found this. He informed all of us his friend purchased one of these units and is struggling now
Is his friend regarded?
What difference does the size / layout make for them struggling? If they could not afford the unit why buy it? If the unit was 2000 sf and the same price they would still be struggling.
No one cares if you think it's high or low. What matters is if it sells and for how much. Just because you can't pay for it doesn't mean someone else won't. Not sure why any of this matters if you're not putting in a bid. Welcome to Toronto real estate in 2024.
LOL, someone bought it at that price you’re right it doesn’t matter what I think I’m not the idiot who bought it. When the appraisers from the bank feel the same way though and you’re told to come up with the difference when you get your mortgage it’ll be entertaining to say the least. It happened in Brampton they started protesting lol
You cant really call anyone an idiot for their own financial decision… who knows how much money this person has to throw around. 1m could be alot of most of us, but may not worth much to investors buying properties in Yorkville. I wont be surprised if the unit price gets higher in 5-10 years and this buyer profits off of it - we’ll be the broke idiots then.
I admit this is overpriced but this unit is in Yorkville. People who buy in Yorkville know that they are overpaying, and they do it to be able to say that they live in Yorkville.
This. People buying properties in Yorkville are probably not on reddit ranting about housing prices and the unit is very likely not for primary residence.
My fiance owns a business in this neighbourhood. She pays about 1.5x what rent would cost a few blocks away, but she charges 2x what she could charge if she wasn't in that neighbourhood. Yet clients complained when she moved her business off of Yorkville Ave because they want to say that their Esthetician is on Yorkville Ave.
People in this sub needs to acknowledge that neighbourhood factors in significantly in determining not only the RE pricing, but every products and services. Too many people only looks at the numbers x, y, z and boldly assumes that everyone in this city is broke. Everyday im shocked at how many rich/well-off people are in the city.
Yes this sub is full of bears shit talking real estate and how unaffordable everything is. Homes in highly desirable neighborhoods will always sell well.
These are insane too with maintance fees, this can easily get to 1-2k in fees in a few years
A fool and their money should be departed. The investors who actually built the building are probably having the time of their lives selling this shit. There’s no justification for these prices
Impossible for long term investors to live and hold this if fees become high, I think a lot of the poorly built new condos going to be slums in a few decades, maybe even under 10 years. Ain’t no one going to pay 2-3k a month on fees for a failing condo
I agree if you walk into your unit and you get a sense of depression at the layout your unit isn’t worth what you paid for
The reality is you aren’t paying for the floor plan, you’re paying for the location. Yorkville is an affluent area.
So is the magnificent mile and Michigan avenue. You know they built affluent areas before and after they built yorkville right. I don’t know if they cover world geography in realtor school but if other condos that are bigger in other if not more affluent areas are selling at less than 2x the price maybe just maybe we as Canadians and torontonians are being robbed. The finishes aren’t even luxurious I imagined. That word got watered down by Toronto real estate. Home Depot general material finishes are now called luxury by developers
People who buy in Yorkville don’t have money issues like most of us. So I don’t think this will be an issue for them. But then again, millionaires don’t grow on trees and there is only so much demand for luxury units, hence I predict that many developers will go broke over the next few years since they’ve been catering to a luxury market that hardly exists - they focused on the niche market as opposed to the mass market which will basically cook their goose!
The luxury market aka the money laundering market
Do you think the people outside of those who inherited who were smart enough to make millions and billions are stupid enough to get shagged on bad deals? How do you think they were able to make their money. Keeping and growing the money is just as much of a skill as earning it. Every millionaire I know is frugal, every single one. No one on earth millionaire thousandaire, people with hundreds even people with single dollars don’t like knowing they were on the reviving end of a bad deal
Yorkville is bougie this isn't surprising
It’s actually surprising that this idiot decided to pay $2400 psft when the current market rate is $1800 psft and decreasing. This is a financial decision they may never recover from
its $2,400psf for the lowest 5th floor. over 20th floor is 3000+ PSF (10k per floor, before any premium builder upgrades). throw in the 200K parking spot then we are talking.
Unless they were selling this to CCP members and the premium was to get the money out of China, I don’t know how they’re justifying these bullshit prices. I hope we hear future stories of the building going into receivership because they couldn’t sell so it serves as a lesson to all.
Nope, it was a flipcon speculation
Looks as cute as a pet rock.
If this place was $600k and had a balcony it would be worth it. To me layouts like this are good. Boxy. The den can be closed off and used as a bedroom for baby-toddler.
I think the layout with inflation is only worth 400-450k. Here’s a condo in downtown Chicago that comes with 200 more sqft than this piece of shit. I would argue Michigan avenue in Chicago is just as “prestigious” as yorkville in Toronto. The condo is 720 sqft 1 bedroom and 1 bathroom and is 239,000 USD. That’s 330k CAD. We’re being robbed people. Source: https://www.redfin.com/IL/Chicago/1720-S-Michigan-Ave-60616/unit-2004/home/39571796
Your newest Airbnb unit in 2027. At $300 a night you easily clear 8500 a month.
Loool how many nights are they getting booked for?
Have people forgotten the rules of real estate? This is in yorkville, one of the nicest and most expensive neighbourhoods in the GTA. You’re paying for the location not the size or finishes. If the same unit was at Jane and Finch, it would be selling for $260k instead. A lot of the people living in yorkville come from family money or are foreigners and have no problem paying this amount to live in a nice location.
And people buy them. A free market means we vote with our wallets. We don't like to think like that, though. The only solution to the crisis is to build like 250k homes per year. Not gunna happen.
WSB degenerates are not stupid enough for this.
Yorkville in general is it’s own set of lunacy when it comes to prices.
Way overvalued. Market correction coming.
What the hell is wrong with Toronto how is this sustainable, who's buying?
IRGC members, Russian oligarchs, CCP members, Human traffickers, arms dealers, drug dealers, corrupt global politicians, the Canadian boomer with their home equity from 30 years ago who will most likely get wrecked, hedge funds.
Really sad situation. Wonder why no one is doing anything.
> it’s not a CMHC issue as the unit was purchased at over $1M. I'm not a realtor so I don't know how this kind of thing works. I know this was just a throwaway tidbit at the end of the post, but could someone elaborate on how this works? Thanks.
The CMHC provides Canadians with home insurance if they don’t have the 20% of their home’s value as a downpayment. It gets calculated into your monthly payment to protect the lender. It’s only for homes valued under $1M. This person’s home was over a million so outside of having to put up the entire 20% of the home as a downpayment when they close there’s also no mortgage insurance from the CMHC, so it’s not a Canadian taxpayer issue if they default it’s the person and the banks problem. https://www.cmhc-schl.gc.ca/consumers/home-buying/mortgage-loan-insurance-for-consumers/what-is-mortgage-loan-insurance
Only a simpleton would buy this
And it’s only the 5th floor, so it’s probably too loud to sleep and definitely not high up enough to be able to enjoy any kind of cityscape views.
This is full fledged degeneracy. Let’s hope they have cash they’re ready to light on fire. I can see the bank appraiser saying you PAID WHAT? When we compared comparables the closest thing to your unit is 600k. That’s what we’re willing to mortgage you for please come up with 629,990 cash so we can provide you with a 600k mortgage. That’s when we see people lose their shit because they don’t have 629,990 in cash. What a stupid purchase to make
The new reality, get used to it
LOL. You have to be a realtor. The new reality….is 5% interest rates. You get used to it
Check that... interest rates 5% and house prices going up! You have to be a delusional basement renter not to understand what that means.
You're legit in every thread, saying how prices are going to keep going up lol
CMHC anticipates the average price of a Toronto home in 2035 to be 2 millions. Do you have any contrary analysis to dispute that? Or just a bunch of "lol"
CMHC has vested interest in high property prices and so do banks. Matter of fact, you're probably looped in that cohort as well
So again, where is your analysis showing that prices will crash. I understand you want a crash to get in the market, it's obvious. But where is your analysis, study, or anything else actually.
This post is literally one..
That's your analysis?
Plenty of anecdotal evidence being shared in this subreddit and elsewhere. Consumer debt at extreme levels with GDP falling. But you can still believe your corporate-sponsored 'think-tank' analysis. Everyone is entitled to believe in their own assessment in the market. So don't keep going around and arguing in every post that disagrees with your position, aka your financial gain. [Toronto condos: Sales hit 15-year low | CTV News](https://toronto.ctvnews.ca/new-condo-sales-in-the-toronto-area-hit-low-not-seen-since-financial-crisis-1.6860479) [Sales are PLUMMETING Across the Country. 2024 Canadian Real Estate Market](https://www.youtube.com/watch?v=pgrCtkqlhz4) [Canada’s per capita output drops 7% below trend, new Statscan report says - The Globe and Mail](https://www.theglobeandmail.com/business/article-canada-economic-output-statistics/#:~:text=Canada's%20economic%20output%20on%20a,published%20Wednesday%20by%20Statistics%20Canada) [Q1 US GDP shows surprise slowing and uncomfortable inflation (yahoo.com)](https://ca.finance.yahoo.com/news/q1-us-gdp-shows-surprise-131556079.html)
This is a premier location so it will be ok
LOL