Recent content by Dresden

Downtown Toronto specific: It has been my opinion for a while that the well run buildings with good layouts had already hit a low a while ago. Seeing the garbage stuff on "sale" find buyers is ... encouraging news to me, not the other way around. The quicker these are off the market the better...

My dad was like this. Younger me hated his mentality but as I've grown older, I understand why. Had a million dollars in cash in 2006. Slept peacefully through the night. Had a million dollars in cash in 2008. Slept extremely peacefully through the night. Had a million dollars in cash in the...

"The bulk condos sold at an average of $763 per square foot, a discount of 40 per cent from the units’ original selling prices in the same buildings, Urbanation reported. By comparison, new condo units excluding bulk and luxury transactions sold for an average of $1,045 per square foot...

From my purview: the activity in the construction sector we're seeing now is a direct result of Carney offering up the GST rebate + financing to developers to build rentals instead of condos. Put another way for me as a builder - the Fed is financing the construction (previously a huge hurdle...

Anecdotal. Put one of our condos on the rental market. Prime location; outside the core but still downtown. The quality of tenants are eye opening… All younger (late 20s - mid to late 30s) couples with $200K+ incomes and stable jobs. I guess they gotta live somewhere while they save for a...

Anecdotal; had mine upped $400K after a major reno. Prime Toronto. Not all experiences are equal.

This is the exact scenario facing countless families along the Greenbelt… Sent from my iPad using Tapatalk

Ironically, that scenario can be directly traced to this if you connect the dots on the boom and bust in KW region. https://kitchener.citynews.ca/2026/07/31/conestoga-college-deficit-tops-32m-after-last-years-121m-surplus/ Imo more pain ahead in that area of town. Sent from my iPad using...

It's a beautiful bike. I'd be a buyer if it came out looking like the concept:

6 months later this is tracking well. Worth noting that the Feds are working with the Province and City to eat [socialize] the cost of development fees to get builders building again. I maintain my position that the floor is around $800/sf. Doesn't mean it's a good "investment" but if you're...

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...