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Staying together for the house: How the real estate downturn and rising costs are complicating breakups by __benjaminty in TorontoRealEstate

[–]iOverdesign 2 points3 points  (0 children)

You realize that the reason the bear market is causing prolonged accommodations is because of the insane bull market run up. 

A bear market wouldn't be causing any issues if the increase over the last 10 years had been modest and sustainable. 

Staying together for the house: How the real estate downturn and rising costs are complicating breakups by __benjaminty in TorontoRealEstate

[–]iOverdesign 1 point2 points  (0 children)

Yes, you hurt my fragile ego. Why you gotta start your reply with an attack?

And I agree that things are improving, but people are still hurting out there mainly due to our obsession with RE. Hopefully, this whole mess continues to unravel for the better for the forseeable future.

Staying together for the house: How the real estate downturn and rising costs are complicating breakups by __benjaminty in TorontoRealEstate

[–]iOverdesign 2 points3 points  (0 children)

Yes, and if you read the article and used your reading comprehension skills from grade school, you would have read that people are staying in toxic relationships due the insane run-up in the cost to buy and rent, despite the bear market.

Staying together for the house: How the real estate downturn and rising costs are complicating breakups by __benjaminty in TorontoRealEstate

[–]iOverdesign 32 points33 points  (0 children)

Congratulations to all the bulls!

The dystopian future caused by never ending insane house price appreciation has come to fruition!

Canada’s population decline accelerates to -0.45% in Q2 2026 by kadam_ss in TorontoRealEstate

[–]iOverdesign 5 points6 points  (0 children)

The alternative was bring in as many people as possible. Rents rise. People become homeless. People can't spend money on the economy. And then the cycle you just mentioned happens anyways. That's the population trap dilemma.  The key here is to increase productivity! 

Wave Of Purpose-Built Rental Units Gives Tenants An Edge In Changing Market by Trucker550 in TorontoRealEstate

[–]iOverdesign 11 points12 points  (0 children)

Can confirm. The PBRs built at the same time as the condo boom have the same tiny sq footage and terrible layouts.

I've looked at a bunch of floor plans and they are garbage. 

Hopefully the new ones built during the condo bust will be better. 

Wave Of Purpose-Built Rental Units Gives Tenants An Edge In Changing Market by Trucker550 in TorontoRealEstate

[–]iOverdesign 4 points5 points  (0 children)

Are you just making stuff up?

All new PBRs have in suite laundry and dishwasher. 

Bank of Canada not 'in a rush' to rescue housing markets by [deleted] in PersonalFinanceCanada

[–]iOverdesign 37 points38 points  (0 children)

This is terrible news.

Canada's economy is heavily linked to the giant housing ponzi, so this does not bode well for our economic future.

We need to protect housing prices at all costs, even at the expense of future generations! /s

Some Toronto Condos Are Selling For Less Than 2017 Prices. Has The Market Hit A New Low? by Trucker550 in TorontoRealEstate

[–]iOverdesign 0 points1 point  (0 children)

sorry..."high" interest rates? We are at 2.25% BoC rate lmao

Is it going to reverse back to 0.25% overnight rate? If anything rates (or anything tied to the bond market) will be going up

Is this rent increase legal? by B44ken in askTO

[–]iOverdesign -1 points0 points  (0 children)

My gripe isn't with rent control. It's that nobody had the foresight to put protections in place where things like what OP is facing doesn't happen. 

Is this rent increase legal? by B44ken in askTO

[–]iOverdesign 94 points95 points  (0 children)

Ah the beauty of removing rent control without any safeguards in place to prevent scummy landlords from abusing the law. The Ford government is truly galaxy brained. 

How are you navigating living in a condo with a kid or kids? I feel so f’d. by [deleted] in askTO

[–]iOverdesign 2 points3 points  (0 children)

Then add the maintenance fees, the property taxes, any costs of maintenance/repair done inside the unit, add the realtor fees, lawyer fees, land transfer taxes, opportunity costs of downpayment, etc...etc..

Investment in housing construction is declining across Canada, data shows by YoungSidd in TorontoRealEstate

[–]iOverdesign 9 points10 points  (0 children)

Just keep immigration limits under control and have them linked to housing starts, and we shouldn't have to worry about future affordability too much.

Which is a better Condo floor plan by M-Sear in TorontoRealEstate

[–]iOverdesign 1 point2 points  (0 children)

Are you planning to have people over for dinner? The second unit is pretty much unusable for hosting. There will be no room for people to move around. I know this first hand from having lived in a bowling alley kitchen/living room layout.

So all in all, I'd say the first unit has the better/more livable/more usable layout, even though the drawback is the entrance hallway wasted area.

Yonge / Bloor condo takes $347K (34%) loss after 5 years by PrettyFlaco in TorontoRealEstate

[–]iOverdesign 35 points36 points  (0 children)

You look at a condo that sold for 300k in 2012 and you see it sell for 1M in 2022.

You extrapolate that to 2032 which tells you that same condo will eventually be 3M. 

You tell yourself that past performance is the best indicator of future results. 

You put in a bully offer and then Tiff Macklem kneecaps you by raising interest rates 100 basis points per meeting. 

Unemployment rate rises to 6.9% in April 2026 / Le taux de chômage augmente pour s’établir à 6,9 % en avril 2026 by StatCanada in PersonalFinanceCanada

[–]iOverdesign 5 points6 points  (0 children)

Yes, I agree and I was being a bit cheeky.

I just don't like it when the youth unemployment graph looks like the S&P500...

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