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[多倫多 Toronto] why toronto housing price is super high?

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发表于 2016-11-3 20:08:03 | 显示全部楼层 |阅读模式
just wonder why the hell toronto housing price is this high,
although not as high as HK,  NY and Monaco

how can an average immigrant afford it?
come on, huge pressure for me, heart is broken already,

should consider purchasing several years ago when the price is lower.


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发表于 2016-11-3 21:11:01 | 显示全部楼层
Demand and supply .
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 楼主| 发表于 2016-11-3 22:09:19 | 显示全部楼层

more than that.

that model is too simplistic

that is why people keep developing new models
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发表于 2016-11-4 01:16:58 | 显示全部楼层
Super low rates.  How low can it go?
Wait till it goes up .25.   700k cannot afford payment.  .5 or 1 (500 basis points or higher)  1 mm cannot.  Then investors local or domestic will exit,. Show is over.   Demand down 38% in Vancouver last money with tax on foreign buyer and surtax on 2 mm value houses
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发表于 2016-11-4 11:44:21 | 显示全部楼层
Toronto is NOT the highest in Canada, Vancouver is!

For Vancouver, it is "dirty money" from Chinese officials + future security from HK millionaires.

For Toronto, $ from China + Iranians.  The Iranians are in the same boat as HK residents prior to 1997!
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 楼主| 发表于 2016-11-4 13:16:06 | 显示全部楼层
babyme 发表于 2016-11-4 01:16
Super low rates.  How low can it go?
Wait till it goes up .25.   700k cannot afford payment.  .5 or  ...

sorry
what the hell is 2 mm value houses?
sorry i am more stupid than you think please clarify.

yes ,vancouver is more expensive. but it is all those rich people spent their dirty money crazily..
once heard about one chinese student bought a 57000 k  CAD huge luxurious house in vancouver
and shocked local people , media and real estate agencies. ..

come on baby (you are babyme so i call you baby)
this world is unfair.
what kind of family you was born largely decides what of life you would have in your rest of life..
those corrupt officials in china are really bad in that they gave huge money to their sons and daughters
and their sons and daughters crazily bought luxury houses in V and T (mostly in V because of the better climate and larger chinese population ratio.)
such that the housing price is continuously pushed up.

now the average price of housing in T is almost 1 m CAD...
huge pressure for someone with just a little monthly salary.
i hope one day the 'bubble' bursts then comes large decrease of price.

corrupt officials china are a group of jerks..
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 楼主| 发表于 2016-11-4 13:24:30 | 显示全部楼层
babyme 发表于 2016-11-4 01:16
Super low rates.  How low can it go?
Wait till it goes up .25.   700k cannot afford payment.  .5 or  ...

maybe toronto should also have foreign buyer tax like V
government, do something ! do not wait until all local people moved out of T or go into the street , parade and protest . otherwise this place becomes the heaven of rich 2ed and a sucky place for ordinary people.

i remember in HK, the housing price was almost at sky,
now move to T, also frustrated by the market price.
maybe i need to move to a small town in Saskatchewan or other small areas .goodbye toronto
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 楼主| 发表于 2016-11-4 13:43:53 | 显示全部楼层
babyme 发表于 2016-11-4 01:16
Super low rates.  How low can it go?
Wait till it goes up .25.   700k cannot afford payment.  .5 or  ...

those corrupt officials in china are building their happiness on our misery

that is not nice
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发表于 2016-11-4 16:34:05 | 显示全部楼层
Adamsmith-moon 发表于 2016-11-4 13:24
maybe toronto should also have foreign buyer tax like V
government, do something ! do not wait unt ...

Financial institutions use MM  as million unit.  
I am not baby, only mm can call me baby and that was allowed.  No man should call me, unless you are nice looking mm.
Just call me Bro B, I hardly know you Sir.
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发表于 2016-11-4 16:46:41 | 显示全部楼层
Adamsmith-moon 发表于 2016-11-4 13:16
sorry
what the hell is 2 mm value houses?
sorry i am more stupid than you think please clarify.

Are you an incarnation of another Senior Bro, paper moon?
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