No rent control in post Nov 2018 builds the first thing new renters to Ontario get warned about when asking about renting options.
But, also you often get better value for your money and YES- more character and space to live- going older. THAT isn't unique to this condo crash #ON #CondoCrash
Felt if she didn't buy, the market would pass her by & she'd never be able to afford to own, nor get the equity for the house she one day wanted.
Quadrupled her housing costs moving from renting to buying. 2025 she sold for about an $80,000 loss after transaction costs. #FOMO #CondoCrash #REBubble
Developers built shoe-boxes bc investors wanted them -it'll be worth even more when completed. FTHB mostly saw them as the way to build the DP needed for the home they actually wanted -both worked when prices kept 📈
$884,000 600sqft condo. Some of us tried to warn ya'll this would crash #CondoCrash
Maclean's calling it out for what it is, but the RE crash will not just remain in the condo segment of the market. Long form piece, well worth the sit down to read. #CdnRE #ToRE #VanRE #CondoCrash
35% of the houses and condos listed today are likely to lose $ if u wanna know how #VanRE is going. And people laughed when I used #condocrash. Now you google it and there are articles about Toronto and Vancouver. 🤷🏽♀️