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Is the Toronto real estate market immune to roadblocks?

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Canadian Realestate Magazine | 03 Mar 2015, 09:12 AM Agree 0
The Canadian real estate market has faced a number of roadblocks in recent years, many designed to slow down a heated market – but are these obstacles impacting investors in Toronto?
  • SS | 06 Mar 2015, 03:47 PM Agree 0
    Lol, whenever I hear remarks like "immune to a roadblock or correction" it seems to be the first sign of a market headed for a correction.
  • Andrew Nagy | 06 Mar 2015, 04:21 PM Agree 0
    An economy like micro economics has its ups and downs, just like stock markets, gas prices, and the us Fanny May and Freddy Mac fiasco, Ponzi schemes, the markets in Canada can not keep going up since 1993 which is the case, there is going to be a collapse, and we are just banking on the 25-35 year old generation right now to by into an unreal situation, which when they have bought and there are no jobs of subsistence for the generation behind them with any purchasing power, reality will set in, and this is happening faster than we realize, because, it's now, 6 months maybe less or more, but not much, the German "bank" has already said we are hugely overpriced, perhaps up to 60% in valuation, which I agree...... the Greek economy can be brought down, the US suffered indignities in huge amounts that cost the citizens, we are not immune.
  • Irene Wu | 06 Mar 2015, 05:03 PM Agree 0
    Immune for now, but for how long? Anyone dare to predict?
  • Omer Quenneville | 09 Mar 2015, 03:07 PM Agree 0
    The only people impacted by the "road blocks" are first time buyers. Off shore investors are getting the benefit of the "road blocks". The low inventory of homes is a result of the "road blocks", the move up market is basically frozen. Most can't afford or justify the high cost including the double land transfer tax to move or trade up or down. The focus for "road blocks needs to be on off shore investors and not the struggling Canadian that needs a roof over their head. Hong Kong has a similar situation, they have put a tax on purchasers that don't hove a local permanent residence.
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