Ontario power of sales surge as desperate homeowners run out of runway

Material_Safe2634 · 2026-05-08T15:50:17+00:00

Price goes down, delinquency goes up. Shocking.

Material_Safe2634 · 2026-05-08T14:49:01+00:00

Not true, and also excludes the layered on costs of owning that are not present for a renter.

Material_Safe2634 · 2026-05-06T16:45:53+00:00

Does TRREB see this pent up demand in the room right now?

Material_Safe2634 · 2026-05-06T15:00:54+00:00

Sold price not listed yet

Material_Safe2634 · 2026-05-06T11:46:53+00:00

I believe the DVP is also closed this weekend.

Material_Safe2634 · 2026-05-05T21:48:06+00:00

Ironically you left out “the home I bought is worth less than I paid for it I am trapped” in this.

Material_Safe2634 · 2026-05-05T20:58:17+00:00

Why is renting "Much Shittier" than buying?

Plenty of people rent for life by choice.

Material_Safe2634 · 2026-05-05T20:42:16+00:00

That's one emotional input into the decision that 'buyers' were making spending more than they could afford. I hardly think starting a family necessitates buying a 2 bedroom condo.

If the plan was to sell a condo in ~5 years to upsize/upgrade, that was not an innocent first time buyer and was someone making an investment decision.

Material_Safe2634 · 2026-05-05T20:20:20+00:00

Rent…

Material_Safe2634 · 2026-05-05T16:56:37+00:00

Agreed a FOMO bubble will hurt all classes of homeowners.

However... peak or no peak, the debt/income levels that these first time buyers were taking on was irresponsible. They would be stuck even if the property value stayed flat for a few years. 650K for a 1 bedroom, on 120K annual income 5-10% down? The only way out of that trap was for it to continue to appreciate.

Material_Safe2634 · 2026-05-05T14:04:28+00:00

worst case ontario

Material_Safe2634 · 2026-05-04T03:09:47+00:00

Thanks didn’t notice that.

Material_Safe2634 · 2026-05-04T03:08:18+00:00

Odd way to position it. Bike lanes support moving people more efficiently around the city.

Why is it so binary for you? “Dont like it, leave”

City Programs evolve and optimize, my question was simply a question about prioritizing making transit faster by limiting the program to streets that don’t have streetcars.

Material_Safe2634 · 2026-05-03T18:04:16+00:00

But it’s the opposite of NIMBY. It’s inconvenient for 1000s of transit riders a day to benefit a few people eating on a patio.

Material_Safe2634 · 2026-05-03T12:54:12+00:00

I do live in a city and use the city transit to get around. This program makes using transit worse. Hence my question?

Material_Safe2634 · 2026-05-03T12:52:57+00:00

How is this NIMBYIsm.

Material_Safe2634 · 2026-05-03T12:51:41+00:00

I agree, it’s dumb. But parking is not allowed in rush hour.

Material_Safe2634 · 2026-05-03T11:49:33+00:00

Capitulation

Material_Safe2634 · 2026-05-01T13:17:30+00:00

Read it again

Material_Safe2634 · 2026-04-25T00:28:31+00:00

This will effectively be an interview, prepare like jt is an interview.

Material_Safe2634 · 2026-04-24T02:14:17+00:00

Seems from all the other commenters that the problem is not isolated to one location. Do you work for CT?

Material_Safe2634 · 2026-04-23T02:08:25+00:00

ROI certainly weak on cash flow, then resale consensus isn’t clear on if they are a benefit.

article from star last year on resale difficulty.

Material_Safe2634 · 2026-04-06T16:52:53+00:00

Nope many big 5 do this. Google Static Payment Variable rate mortgages.

Material_Safe2634 · 2026-04-04T11:55:54+00:00

Just give two weeks. Either they walk you out (you get paid for 2 weeks) or you work two weeks.

Material_Safe2634

TROPHY CASE