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Step aside Bay Area, we have a new Koolaid Champion...Toronto


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2017 Apr 8, 5:56pm   1,812 views  5 comments

by MoneySheep   ➕follow (0)   💰tip   ignore  

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Ask a realtor when is a good time to buy a house. It is just like asking a barber if you should get a haircut.

Inflated House.

...List prices these days are largely meaningless and properties routinely sell for over asking—which agents happily promote by affixing a “Sold for over asking!” plaque to the sold sign on the front lawn.
...AM radio in the city is cluttered with ads for quick and easy loans.
...Homeowners are finding their mailboxes stuffed with flyers and letters from real estate agents designed to entice them into selling, with assurances that their houses are worth more than they think.

http://www.macleans.ca/economy/realestateeconomy/how-canada-completely-lost-its-mind-over-real-estate/

Comments 1 - 5 of 5        Search these comments

1   Strategist   2017 Apr 8, 9:36pm  

Wow. This is shocking. Could happen here too folks. Where there are shortages of homes, there will be price jumps. As simple as that.

2   Ceffer   2017 Apr 8, 10:17pm  

Isn't this somewhere in the barren northern tundra? Why would anybody want to buy a house there?

3   Patrick   2017 Apr 8, 10:37pm  

They are thinking ahead! Global warming is Canada's friend.

4   justme   2017 May 24, 4:36pm  

Toronto is going down!

5   lostand confused   2017 May 24, 4:51pm  

Toronto is in the middle of nowhere-famous for legal prostitution. Isn't that Rin's playground-there is so much land over there-why the surge??

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