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#1
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Mid-August Toronto (416) house prices down year-over-year
The Mid-August prices in 416 Toronto area are down from $394,563 to $391,252. But here is the kicker if you compare the July 2009 average 416 price and the current mid-month price, we are down over 7% from $421,110 to $391,252. So much for the record month of July . We are going down baby, going down!
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#2
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So let me see, the 416 average price is down about 0.8% and you made the conclusion that we are going down? This is so lame...
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#3
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You are the LAME one Do you remember what happened last fall, when the stock market dived? The Toronto real estate market dived about 15% and this is before any real foreclosure problems that are coming to your neighborhood real soon. Stock markets are at 10-month high and another breakdown from here is a sure thing. Get ready to be underwater within the next 12-18 months.
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No debt |
#4
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I think we'll see a decline about 15-20% from the top this winter, but this time there won't be a spring recovery fro the Toronto's real estate.
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Bear with me please |
#5
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I'm curious to see the full August figures for Toronto, but I also think that the real estate market here is due for a small decline.
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#6
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Small decline like in 50%-60%? Why people think it's OK for prices to go up 100% in 5 years and then nobody can convince them that they can go down 50%? Answer: Most people are stupid, greedy and ignorant.
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Bear with me please |
#7
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This might be true, but never forget that "most people" make the market, and betting against the market can be devastating financially. I don't think we'll see any significant declines in Toronto's real estate in the near future.
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#8
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We will, as most of the developed world has.
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No debt |
#9
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So far so "good" for the Canadian (and Toronto) RE market.
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#10
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is it the best time to buy now in Toronto?
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