HawthorneVillager.com

congratulations... you're a moron.

could be right DTC, dont think we have seen that 10% deline in milton yet. rents wont rise, incomes cant bear it.

i have seen it my area though, doesnt mean much really. Carney is in a very difficult position.

http://www.theglobeandmail.com/report-o ... le2140011/

Actually Canadian housing starts outpaced houshold formation for about 6 years. dont take it from me though. Actually read what i post, these guys are doing the numbers. i think you can see where that happened before, 1987. Is it different this time? i think so, i think its actually worse because unlike 1987 we are tapped out on credit. There is not much more we can do to even keep this going anymore.

That's my take, its not a prediction on anything. Do what you want, i just like discussing the psychology of it all.

http://theeconomicanalyst.com/content/r ... king-sieve

yeah, he does good work. No agenda either from what i can see. Talked to him a bunch of times off line. just a regular dude who knows economics.

yeah, i wont predict anything on timing. i would say we are looking at 20% drop overall over the next 5 years. thats a guess but i do feel its unsustainable. ,some areas will be hit hard and others wont be hit at all.

Hit hard: toronto condos, Milton, Brampton, Vancouver (insane), most surrounding BC suburbs. Victoria

Ok: Nova Scotia, montreal, windsor.

dabills... I did a quick check on a mortgage calculator. How would you feel if you were single trying to buy a house in Milton, just out of school?

Here are some numbers:
$30,000 Down Payment (good chunk of change!)
$50,000 Salary (How many people are making this right out of school?)
Amortized over 25 years (at a low low interest rate, not including property tax)
You qualify for $242,000 and can purchase a $272,000 Home (with no upgrades and not including fees/closing costs)

Have fun with that... and good luck living in Milton which is not even close to the GTA!

dabills... I did a quick check on a mortgage calculator. How would you feel if you were single trying to buy a house in Milton, just out of school?

Here are some numbers:
$30,000 Down Payment (good chunk of change!)
$50,000 Salary (How many people are making this right out of school?)
Amortized over 25 years (at a low low interest rate, not including property tax)
You qualify for $242,000 and can purchase a $272,000 Home (with no upgrades and not including fees/closing costs)

Have fun with that... and good luck living in Milton which is not even close to the GTA!

So what has been happening to lowrise development in the GTA?

In a word, shrinkage.

Five years ago there were 502 active lowrise projects across the region. Today, there are only 308 active sites. That’s a staggering decrease of 194 sites, or almost 39 per cent in five years.

The “Real Insight” here: what we’re seeing is actually a tale of two housing markets, with lowrise in a substantial decline and highrise in steady increase.

As mentioned before, there are 73 more active highrise projects today than there were five years ago. But there are also 194 fewer active lowrise sites compared to five years ago.

A number of factors have resulted in the decline of lowrise housing and an increase in highrise housing construction. Provincial land intensification policies, limited supplies of developable land, and servicing and approval constraints — all have contributed to steadily diminishing supplies of builder lowrise inventories over the past decade.

And you can’t sell what you don’t have. So fewer lowrise sites has meant fewer new home sales.

Currently there are only 6,283 lowrise units in builder inventories in sales centres across the GTA as of the end of June 2011. That’s a historically low level and represents less than five months of supply to meet homebuyer demand.

weird though DTC, those kinds of articles always seem to come from guys like that guy. People with serious vested interest in keeping it rosey.

apparently Miami had a land shortage too if you read this article from 2004. http://www.miamitodaynews.com/news/040527/story3.shtml

didnt seem to make a difference in the end. nobody is condo bound DTC, what you are describing is a massive divide between the haves and have nots soley based on being born earlier. I dont see that happening at all in a place like Canada. not corrupt enough, or is it?

If I'm not an expert in something, I don't get too involved. But here I am participating!


I am, however, an expert in being racist and I'm currently writing a Dummies Guide to Being a Real (aka Anglosaxon) Canadian Citizen. The book works on anyone. Chinese, African, Indian, Latin American.... you name it. Even if you're from Mars, my book can help you be an Anglosaxon Canadian without the use of any harsh chemicals. So yes, that means Kiddan can succeed without bleach.





Now stop talking about me behind my back you fags!

Why would a single person buy a house in Milton way outside the GTA?

$272,000 is a decent condo inside the city -- sure, not one of the top tier new ones but you can still find condos in that range.

I'm not sure I would take on a mortgage with a single income -- what happens if you lose your job?

yeah, i wont predict anything on timing. i would say we are looking at 20% drop overall over the next 5 years. thats a guess but i do feel its unsustainable. ,some areas will be hit hard and others wont be hit at all.

Hit hard: toronto condos, Milton, Brampton, Vancouver (insane), most surrounding BC suburbs. Victoria

Ok: Nova Scotia, montreal, windsor.

shawn, i picked windsor because it has already collapsed and basically RE is pretty cheap there already and in line with fundamentals.

your comments on Vancouver are just silly, sorry. Do you really think the bulk of RE transactions in Van are to overseas buyers? do you really think the savings rate in BC has been negative for the last 5 years because they are rolling in money?

check victoria RE out, its moving in from the fringes.