Canadian Banks | Forums | Terms of Use

Welcome to the Canadian Financial Forums forums.

You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact contact us.

Go Back   Canadian Financial Forums > Canadian Financial Forums > Real Estate and Mortgages
Reload this Page Toronto housing market
Blogs FAQ Members List Calendar Search Today's Posts Mark Forums Read

Reply
Page 1 of 2 1 2
 
Thread Tools Display Modes
  #1  
Old 05-28-2009, 02:13 PM
trent trent is offline
Senior Member
  
Join Date: Jun 2008
Posts: 387
Default Toronto housing market
Toronto housing market is defying gravity posting marginal declines in sales and price for the first half of May 2009. The number of houses sold in 416 area was 1,734 down from 1,864, while the price for the same period was down less than 1% from $439,459 to $437,205.

Obviously there are still lots of delusional buyers, thinking that interest rates will stay that low forever, and confusing temporary low monthly payments with affordability. Good luck to all future and current bank slaves .
__________________
No debt
Reply With Quote
  #2  
Old 06-07-2009, 12:43 AM
bullish bullish is offline
Senior Member
  
Join Date: Jul 2008
Posts: 155
Default
Of course interest rates will stay low until there is a full economic recovery. Meanwhile my house will be twice more expensive compared to what I paid for it, while you will be still complaining how you missed the train and life is unfair
Reply With Quote
  #3  
Old 06-08-2009, 05:24 PM
trent trent is offline
Senior Member
  
Join Date: Jun 2008
Posts: 387
Default
Quote:
Originally Posted by bullish View Post
Of course interest rates will stay low until there is a full economic recovery. Meanwhile my house will be twice more expensive compared to what I paid for it, while you will be still complaining how you missed the train and life is unfair
Sure, cheap money for EVERYBODY FOREVER, that will work
__________________
No debt
Reply With Quote
  #4  
Old 06-10-2009, 01:45 PM
bullish bullish is offline
Senior Member
  
Join Date: Jul 2008
Posts: 155
Default
Quote:
Originally Posted by trent View Post
Sure, cheap money for EVERYBODY FOREVER, that will work
What's wrong with cheap money? It actually stimulates the economy.
Reply With Quote
  #5  
Old 06-11-2009, 01:48 PM
Canadian Canadian is offline
Senior Member
  
Join Date: Jun 2008
Posts: 415
Default
Quote:
Originally Posted by bullish View Post
What's wrong with cheap money? It actually stimulates the economy.
I'll tell you what's wrong with cheap money - it puts everybody in debt, it devalues the people's savings, and creates giant distortions in the economy (read economic bubbles). Is that enough for you?
__________________
Bear with me please
Reply With Quote
  #6  
Old 06-12-2009, 01:42 PM
bullish bullish is offline
Senior Member
  
Join Date: Jul 2008
Posts: 155
Default
Quote:
Originally Posted by Canadian View Post
I'll tell you what's wrong with cheap money - it puts everybody in debt, it devalues the people's savings, and creates giant distortions in the economy (read economic bubbles). Is that enough for you?
That's your point of view. I think that it revives the economy, helps people afford more things today instead of waiting for tomorrow, and creates wealth.
Reply With Quote
  #7  
Old 06-15-2009, 01:22 PM
Canadian Canadian is offline
Senior Member
  
Join Date: Jun 2008
Posts: 415
Default
Quote:
Originally Posted by bullish View Post
...helps people afford more things today instead of waiting for tomorrow...
Exactly, it puts people in debt for life, because they buy things they would never otherwise be able to afford unless they use borrowed money.

Quote:
...creates wealth.
Cheap money and borrowing creating wealth?!? This is a complete nonsense.
__________________
Bear with me please
Reply With Quote
  #8  
Old 06-16-2009, 07:45 PM
trent trent is offline
Senior Member
  
Join Date: Jun 2008
Posts: 387
Default
Quote:
Originally Posted by Canadian View Post
Cheap money and borrowing creating wealth?!? This is a complete nonsense.
I don't know why you even bother trying to explain something to this guy. Just let him go down with the rest of the debt junkies
__________________
No debt
Reply With Quote
  #9  
Old 06-18-2009, 02:36 PM
Canadian Canadian is offline
Senior Member
  
Join Date: Jun 2008
Posts: 415
Default
Actually the mid-June prices are up a little in 416 year-over-year. I don't know what to think anymore .
__________________
Bear with me please
Reply With Quote
  #10  
Old 06-19-2009, 02:54 PM
Steven Steven is offline
Senior Member
  
Join Date: Jul 2008
Posts: 139
Default
Quote:
Originally Posted by Canadian View Post
Actually the mid-June prices are up a little in 416 year-over-year. I don't know what to think anymore .
If yoy are expecting a US-style housing crash, I don't think it's going to happen.
Reply With Quote
Reply
Page 1 of 2 1 2

« Previous Thread | Next Thread »
Thread Tools
Display Modes
Linear Mode Linear Mode

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT. The time now is 11:52 AM.

Contact Us - Archive - Top

Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2024, vBulletin Solutions, Inc.