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Resale fears abound across demographics - report

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Ephraim Vecina | 12 Apr 2017, 08:15 AM Agree 0
Canadians of all ages fear that elevated prices will prevent them from getting their next houses once they sell their properties
  • Ronnie Kartman | 12 Apr 2017, 09:32 AM Agree 0
    If you buy into the notion that this unrealistic, constantly rise in prices will continue much longer...then you should keep your property for now and not sell. SHADES OF 1989!! Want to talk about a non-standard economic indicator? Ask yourselves this question: If the recent rise in prices (10%-30% per year over the last few years is not to speculation of Foreign investors (especially from when the $CDN had fallen to below $.67 cents U.S....And for what it is worth....I believe that that figure is closer to 30-40% than the BS (below 5%) being touted by CMHC, etc.) and domestic speculators..., and if the prices are running concurrent with an equal rise in the general economy (Jobs, wages, exports, etc...and that the Toronto economy is so generally booming in tandem with those increased prices.....
    ...Then how do you explain why the AVERAGE PRICE OF HOTEL ROOMS throughout the GTA (with very few exceptions within downtown core) have virtually remained unchanged from 15 years ago??? Toronto will always remain the "Flagship City" for our North American Business Model...but many homeowners, mortgage brokers and realtors have become players in an ever-increasing (and dangerous) game of "Musical Chairs." Be afraid...BE VERY AFRAID.
  • Barclay Bolton | 14 Apr 2017, 03:04 AM Agree 0
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