[Search for users] [Overall Top Noters] [List of all Conferences] [Download this site]

Conference kaosws::canada

Title:True North Strong & Free
Notice:Introduction in Note 535, For Sale/Wanted in 524
Moderator:POLAR::RICHARDSON
Created:Fri Jun 19 1987
Last Modified:Fri Jun 06 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1040
Total number of notes:13668

2.0. "Hogtown Housing" by KAOA01::CURZON (Richard Curzon KAO 4-3/7A) Mon Jun 22 1987 21:55

    Last year in the housing boom, there were some incredible stories 
about the sellers market in Toronto.  This year the tide has turned...
or so it seems. 

    Real estate agents have said that 15,000 is the number of houses on 
the market in TO, where it goes from seller's market to buyer's market. 
I heard a couple of months ago that there were 25,000 houses on the
market then.  And last month the news was an incredible 49,000. 

    Is there really that much downward pressure now?  If so those 
numbers must mean lots of speculators must are bailing out and getting
burned ;-). 

                      (I'm probably a "buyer" in a year or so...)
T.RTitleUserPersonal
Name
DateLines
2.1Whither Hogtown Housing?SX4GTO::BERNARDDave from ClevelandWed Aug 23 1989 21:276
    
    It's been a couple years since the base note was posted, and I'm
    curious  about what's happened with regard to the price of housing
    in Toronto since then.  Up significantly?  Still flat?
    
    	Dave
2.2Up, up, then it hit warp speedTRCO01::OBRIENGlenn O'Brien @TRC 18/6Thu Aug 24 1989 22:255
    Toronto housing has sky-rocketed, although it is the market has
    cooled somewhat due to the high interest rates.  The average price
    is now around $280,000 (I think that's about right).
    
    Glenn