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| Topic | Signed off on a condo, cuz buying a house alone was impossible. Whelp. |
| GameReviews 01/31/18 4:24:17 PM #25: | My wife and I are currently working out buying our first home, also a condo in Toronto. Haven't decided on anything, just started looking at listings and hired a realtor earlier this week. So, I wanted to point out a few things to @Doctor_Foxx. Those sources are all at least 6 months old. The newest one is from July of last year. I assume they were all in reaction to that new tax on foreign buyers passed mid last year. Which didn't really have as big of an effect as many had thought it would. Another thing to note is the market has already cooled since then. Market value and property value inflation have fallen or leveled out since then, possibly in reaction to the tax, but it's kind of steadied out. I still wouldn't call it a certain market though. My wife and I have been watching the real estate market for a few years and they've been honestly saying Toronto could be in a "bubble" for around 10 years now if you look back. TBH, I don't see the market REALLY tanking, but who knows. If anything recently would have tanked it, it would have been the tax last year. --- Sign here. ... Copied to Clipboard! |
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