Recent content by Dresden

Source: Me, currently renovating from the brick inward. Can confirm. Pricing is insane and twice my budgeted amounts from 2022. I hope people come to the realization that these prices are the new norms. They can stagnate for a long time while wages catch up but LONG gone are the days of $500K...

Speaking of FWIW I track the downtown and around market pretty closely. Clear trend - move-in ready homes are getting strong numbers. Major renovations projects couldn't catch a bid if they were free. Old Semi renovated about 10 years ago on a nearby street sold for within 5% of peak 2023...

All true, but as I mentioned, it's all relative. Housing as a % of income is down drastically for the would-be buyer in 2019, but in 2026 they continue to focus on the largeness of the numbers, and not the value of their dollars. It's human nature and I'm victim to the it too - 1000 Petro...

I'm in the very small minority of people I know who think we are much closer to the bottom in Toronto/GTA condo real estate than most people believe. That doesn’t mean prices can’t fall further, just that the decline likely won’t continue at the same velocity or magnitude. My reasoning...

As someone who works in building municipal facilities, this is the correct but let me elaborate a little: Government employees = no one wants to take the fault/decision and risk their cushy pension/zero incentive to save costs = over engineer and quadruple check everything + change and...

He's not your good friend if he lets you believe this fan fiction. LMAO. -- RE: COVID Housing - decided to buy and overhaul a house in Bloor West. Reno costs are through the roof, and that's even IF you can get trades to do the work. Literally 2x since 2020 for almost everything. RE: Condos...

FWIW I bought my house in Toronto on Liberation Day (thanks Trump!). Downtown Toronto specific - Homes for peeps in the 35-50 year old age bracket in great condition are few and far between; they are still going into multiple offer scenarios and fetching top dollar. Neighbourhood specific...

Condo projects shelved en masse as the math doesn’t work. Since rents are still ok, the new trend is to use the gst rebate and build and then sell to a REIT; thereby allowing the developer to cash out his profit (vs. Retail investors). I’ve been saying it for a decade. All that talk about...

Tesla +11% after-hours after blowout quarter. Don't quit your day job ;)

Rewind back to 1980: Interest rates trended down from 18% to 1.5% over 30 years. As a result, asset prices rocketed up as the dollar significantly lost its value over time. You could have bought anything, anything, even a house that caved in on itself and would have been bailed out by decreasing...

It's 2024 and boomers are still falling for engagement bait. Big oof

LOL @ the TSLA-Q club. Those guys have lost their houses, wives and girlfriends shorting the stock since IPO. Looks like they finally gave up in 2022 LMFAO

The irony of not reading articles you post and shaming bell for cutting staff to save costs at the same time. "He also said that the company’s news operations are losing roughly $40 million a year and ad revenues had fallen by $140 million in 2023, compared with a year earlier. " Young people...

I know I said it was my last post on the subject, but I also want to point out that under conservative rule it is not going to be any better. Really don’t know who I’m going to vote for in ‘25.

My favourite part about this article: "The Canadian Press show the federal government was warned about a “misalignment” in population growth and housing supply as early as 2022." Hmm.. Let's see what the Trudeau administration did...