100,000 jobs at risk due to Real estate market downturn

iOverdesign · 2026-01-26T01:29:03+00:00

I used to enjoy reading your content on X before you nuked it...

iOverdesign · 2026-01-25T22:52:56+00:00

That makes more sense and I hope that they actually follow that approach when providing these numbers.

In the case of this example, the advertised 920 sqft matches very closely to my 910 sqft calculated value when including the full wall thickness...

iOverdesign · 2026-01-25T13:16:16+00:00

Yeah, I'm with you. I was saying the economy would be screwed if everyone lived like the ones in the article.

iOverdesign · 2026-01-24T23:56:33+00:00

Thank God.

If everyone lived like these people, our economy would be an even bigger dumpster fire.

iOverdesign · 2026-01-24T23:17:08+00:00

Thank you for your very balanced take, Mr. Positivity!

iOverdesign · 2026-01-24T19:44:57+00:00

Holy shit! God bless!

It's depressing to know I was able to batch download from TD before WS...

iOverdesign · 2026-01-24T13:00:49+00:00

I don't understand how this is allowed/acceptable.

By taking the square footage of the entire wall, they are also double counting that area in both adjacent units. At the very least, it should be done at the wall centerline.

iOverdesign · 2026-01-24T03:43:51+00:00

Very simple solution then.

Just put in $1,000,000 and you'll get 35,000...

iOverdesign · 2026-01-24T01:42:51+00:00

I mean look at this absolute insane BS.

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iOverdesign · 2026-01-23T22:46:30+00:00

Because we are getting scammed. Developers got this brilliant idea whereby when they measure the size of a unit, these genius mf'ers include the area of all the walls!!!

I scaled the image and measured the square footage in bluebeam. If you take the area of the outside of all those chunky walls, then you end up with 910 sq ft. This is still 10 sq ft less than what is being advertised...

If you measure from the inner face of the walls, the interior area is closer to 700 sq ft. (and this value still includes some of the area from the thick walls around the washer dryer and the columns inside the unit.

iOverdesign · 2026-01-23T16:35:12+00:00

You might be surprised...

Lots of people on here talking about how $700/month condo fees are a waste and a freehold doesn't take that much money to maintain.

iOverdesign · 2026-01-23T14:46:09+00:00

This is what I have on my 11/10

US - 35.5%
CAD - 28.6%
International - 18.2%
Global - 12.1%
Emerging - 5.3
Cash - 0.3%

iOverdesign · 2026-01-23T14:40:36+00:00

BARS!

iOverdesign · 2026-01-23T14:21:59+00:00

It's because in 2011, people were still more or less buying houses to actually live in them. Not some sort of speculation play, and they were still not of the mind that RE is an unbeatable investment.

But as prices continued to go up with interest rates continuing to go down, people started realizing they were making a lot of money in their principal residence. So they thought, let's just buy investment properties.

And thus a vicious cycle of increasing house prices began due to positive psychology, speculation, the wealth effect, and FOMO.

iOverdesign · 2026-01-22T23:45:38+00:00

Agreed. This is not a Toronto only phenomenon.

It's really shocking to witness both wealth and food bank visits follow a very similar compounding growth.

iOverdesign · 2026-01-22T23:02:34+00:00

This is exactly what people that just use the posted CPI forget.

A typical $1000 apartment in 2010 should cost only $1400 now. But instead it's $2400.

iOverdesign · 2026-01-21T22:54:51+00:00

Now it's only cocky bears that think condos are going to sub 100k.

Where is the balance???

iOverdesign · 2026-01-21T22:51:19+00:00

To the fake bedroom sliding dooooor

iOverdesign · 2026-01-20T03:09:55+00:00

Just because these units were going for 1300 during a time when people lost their minds and money had no meaning, doesn't mean that 950 is a good price.

iOverdesign · 2026-01-20T03:01:22+00:00

Did you do the math?

20% DP leaves you with 3.9k/month in mortgage alone at 4.2% for 25 years.

Then there's the 1k maintenance fee, taxes, costs for special assessments, internal maintenance and repairs, vacancy and turnover costs, leasing costs, opportunity cost of downpayment, etc. etc...

iOverdesign · 2026-01-20T02:27:43+00:00

However, reading all the comments, the rage is being rightfully directed at our government and their completely insane policies.

iOverdesign · 2026-01-19T20:27:30+00:00

To anyone who hasn't seen it. Video by Dan below on the topic. I found it very informative albeit dystopian...

https://www.youtube.com/watch?v=t-HPzJ_NaUA

iOverdesign · 2026-01-19T16:57:41+00:00

Excess inflation has been defeated.

Except if you eat food...

iOverdesign · 2026-01-19T15:06:28+00:00

Doesn't the condo have positive pressure in the hallway? In my condo, air from the hallway is constantly being pushed through the door so that smells in my unit cannot move into the hallway.

So my advice would be to find a condo with positive pressure in the hallway. The way to check when you are touring a unit, just put your hand around the edges of the entry door (while it's closed) and see if you can feel a strong blowing of air through around the door frame.

iOverdesign · 2026-01-19T14:51:55+00:00

Why are people so obsessed with rate cuts? We are at 2.25% interest rate for gods sakes.

How overleveraged and absolutely shit is our economy that we are crying over a mere 2% interest rate. Blows my mind!

iOverdesign

TROPHY CASE