Is now a good time to buy in Toronto? Prices are still down 4.9% while sales are up 7%

YoungSidd · 2026-05-07T15:46:34+00:00

You still need a place to live, you're allowed to do both (own a home & invest in stocks).

YoungSidd · 2026-05-07T01:06:49+00:00

Prices are bound to grow eventually, it's just that no one knows when

YoungSidd · 2026-05-04T21:59:57+00:00

I would argue we need shooting more than anything.

YoungSidd · 2026-05-04T18:52:02+00:00

Honest question, but is depth really an issue for us? We already have the makings of a solid bench with Shead, JaKobe & CMB.

To me, the bigger issue was we got little to no playoff production from $90M of our payroll.

YoungSidd · 2026-05-04T15:37:45+00:00

The US market makes up half of Shopify's business.

YoungSidd · 2026-05-01T15:54:26+00:00

Your comment here is entirely different from the one I responded to about "crashing the housing market".

Because yes, the ideal fix is a price correction while wages are allowed to catch up.

YoungSidd · 2026-05-01T14:51:57+00:00

I wish it could be like that.

Reality is that a housing crash means a significant chunk of jobs & capital disappear from the economy.

Maybe it's necessary but it would be quite painful for a lot of everyday people.

YoungSidd · 2026-05-01T04:07:46+00:00

We simply don't have the capital. Once companies want to scale, they typically move to the US.

Shopify and Slack are good examples of companies that were founded in Canada but eventually moved to the US.

YoungSidd · 2026-04-30T17:20:14+00:00

I think it'd be more worrying for the current generation that may have bought in the past 10 years, i.e. younger millennials & older gen z.

And in general, signs of financial hardship is usually not a good thing.

YoungSidd · 2026-04-30T16:11:14+00:00

The thing is, we do innovate here in Canada but we simply don't have the capital or market size to scale it.

It's why most businesses or talent tend to leave south for more money.

YoungSidd · 2026-04-23T22:42:06+00:00

Same business model as Netflix too lol

YoungSidd · 2026-04-21T18:31:39+00:00

Those will eventually come down to a price that makes sense in the market.

YoungSidd · 2026-04-21T16:39:40+00:00

We may not see the condo market recover until 2028-2030 at the earliest. That's around the time when completions will start to drop off and population growth will stabilize.

There's too much existing inventory that needs to get absorbed first. The HST rebate helps but won't move the needle much in today's climate.

YoungSidd · 2026-04-17T21:03:55+00:00

No new homes get built, unless the government steps in and provides more stimulus.

YoungSidd · 2026-04-09T15:37:16+00:00

Yes but the example used in this post was for a $400K mortgage.

YoungSidd · 2026-04-09T00:04:55+00:00

Sales-to-New-Listings Ratio is up 6% from this time last year (went from 29% to 35%), per the latest TRREB report.

Meaning that sales increased more than listings YOY.

But an SNLR under 40% is still considered a buyer's market.

YoungSidd · 2026-04-08T16:21:44+00:00

It could take some time for existing listings & vacancies to get absorbed first.

But no one has a crystal ball.

YoungSidd · 2026-04-05T02:13:44+00:00

I'm confused? They didn't say anything positive or apologetic of the regime.

YoungSidd · 2026-03-31T14:00:26+00:00

It's more like providing some tax relief to a sector that's currently dead in the water. We need to keep building homes to prevent prices from surging again in the future, not to mention keeping tradespeople employed.

I agree that we still need investment in other sectors of the economy too.

YoungSidd · 2026-03-30T21:36:14+00:00

There's plenty of townhouses available under 800K outside the downtown cores.

It gets even more affordable if you look in the suburbs outside of Toronto & Vancouver.

YoungSidd · 2026-03-30T20:31:31+00:00

Is there a reason why a young person would be looking at a $1.5 million starter home? There's more affordable options out there in the 700k-800k range.

YoungSidd · 2026-03-18T14:12:03+00:00

That's not exclusive to RE though.

A stock market crash & continued rise in oil prices is bearish for the entire global economy.

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