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elwoodblues
Elwood Blues
Premium
join:2006-08-30
Somewhere in
kudos:2
reply to booj

Re: [Serious] Banking on your home resale price to retire?

said by booj:

The American one busted very very hard, the Canadian one will be no cup of tea.

Again for those that are overextended and will find themselves underwater if the housing prices drop.

The amount of Condo building in Toronto is insane, I went for a bike ride on Saturday for a few hours and it's like every little lot has a Condo/Townhouse going up. I find that single family homes are in being in the outer burbs (Eastern Scarborough out by Rouge Hill for example).

Downtown is just waiting to burst, it's coming, they're buying up properties like its going out of style.
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