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Discussion: Condo boom commence à inquièter plus sérieusement à Toronto.

  1. #1
    Mtlurb Master
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    février 2011
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    Par défaut Condo boom commence à inquièter plus sérieusement à Toronto.

    Quelque chose qu'on pouvait prévoir alors que tous les promoteurs se ruaient pour construire en masse. Un chiffre intéressant dans l'article; 60% d'investisseurs achètent les condos mis sur le marché. Mon épouse a une collègue de travail basée à Toronto qui attend depuis deux ans la livraison de son condo en payant son loyer et son hypothèque simultanément. Ils sont en retard de plusieurs mois. South Beach Condos à Etobicoke.

    http://www.montrealgazette.com/busin...058/story.html

  2. #11
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    I have to say that i'm not really worried about the condo boom in Toronto. The GTA grows by 125,00 people per YEAR!!! That's HUGE. Also, if this really was a "bubble", it would have burst by now. This condo boom has been going strong for over a decade now. Usually these "bubbles" rarely last that long.
    Daddy Likes It Dirty!
    Veni, vidi, vici!
    Faith is belief in the absence of evidence.
    GO HABS GO

  3. #12
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    Citation Envoyé par FollowTheLeader Voir le message
    Heres the picture. South Beach condos are the first two buildings in my picture (one has a red crane on the smallest U/C building) and the other is fully completed and glazed (square looking one). Just want to add that theres going to be 3-4 more 100+ highrises in a few years on my view.

    002 by FollowDeLeader, on Flickr
    LOL That tower U/C looks the same as the one I can see from my view right now in Burlington, ON, except the surrounding towers look nothing like the ones surrounding in the picture
    So live this day that you can look every damn man straight in the eye and tell him to go to hell.

  4. #13
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    Speaking of the Toronto condo market, some of the units are quite small. I remember an article in the National Post or was it the Globe and Mail. How some of the condos on the market now, are the size of some hotel rooms, small hotel rooms (i.e 400 sq.ft). Plus if you have 125,000 people moving into Toronto per year, where are they going to go. I don't think that theres many homes for sale in the GTA that could accommodate that number per year, but that is just me. Plus condos to me are like space savers, instead of having 300 homes taking up 35-100 acres, it is taking up 1-4 acres of space. People will start worrying about the market, when you start seeing drops in buyers month by month or when a new condo development starts and no one wants to buy into it, thats when you know the game is over and something got to give and we all know what that will be, the price.

    Just look at Vancouver, the price are sky high and it is still going up. True, many of the buyers are wealthy individuals from China. Soon enough, things will balance out all over Canada. I think we have learnt from the mistakes from the past (economically speaking).
    Dernière modification par jesseps ; 23/10/2011 à 12h55.

  5. #14
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    septembre 2007
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    Citation Envoyé par Habsfan Voir le message
    I have to say that i'm not really worried about the condo boom in Toronto. The GTA grows by 125,00 people per YEAR!!! That's HUGE. Also, if this really was a "bubble", it would have burst by now. This condo boom has been going strong for over a decade now. Usually these "bubbles" rarely last that long.
    True that the GTA is growing at a feverish pace, but last time I checked (the 2001-2006 census) the city of Toronto itself was not. I'm even willing to venture a guess that the growth during 2001-2006 (of around 22,000 total- from 2,481,000 to 2,503,000 if I'm not mistaken) was underestimated. My point is that, seeing as how most of the GTA's condo units have been built/are under construction in the city of Toronto, there's likely soon to be a saturation on the market (if not already). And naturally, not all of the GTA's newcomers are settling down in new condo units. The GTA has some mega-sprawl, as we know, that probably accounts for a large portion of its growth.

  6. #15
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    The problem with population growth in the City is well, it's already developed generally. In 905 there is still some space left. But it seems lots of condo towers and townhouses and row-homes and very very few single family units where I've seen.
    So live this day that you can look every damn man straight in the eye and tell him to go to hell.

  7. #16
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    Citation Envoyé par rufus96 Voir le message
    True that the GTA is growing at a feverish pace, but last time I checked (the 2001-2006 census) the city of Toronto itself was not. I'm even willing to venture a guess that the growth during 2001-2006 (of around 22,000 total- from 2,481,000 to 2,503,000 if I'm not mistaken) was underestimated. My point is that, seeing as how most of the GTA's condo units have been built/are under construction in the city of Toronto, there's likely soon to be a saturation on the market (if not already). And naturally, not all of the GTA's newcomers are settling down in new condo units. The GTA has some mega-sprawl, as we know, that probably accounts for a large portion of its growth.
    in July 2010 Toronto's population was 2,720,000. so the city is growing too.

  8. #17
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    Double post
    Dernière modification par Habsfan ; 29/10/2011 à 21h08.

  9. #18
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    They should go paint new numbers on the "Welcome to Toronto" sign at QEW-Gardiner/427 I think it still says 2 100 000 or something.
    So live this day that you can look every damn man straight in the eye and tell him to go to hell.

  10. #19
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    According to projections by Statistics Canada, Toronto’s population will hit nearly 2.6 million by 2011, a jump of 5 percent from 2006; the growth rate for the GTA as a whole outstrips that by nearly two-to-one, rocketing to 6.26 million, a 9.2 percent change from 2006.

  11. #20
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    According to projections by Statistics Canada, Toronto’s population will hit nearly 2.6 million by 2011, a jump of 5 percent from 2006; the growth rate for the GTA as a whole outstrips that by nearly two-to-one, rocketing to 6.26 million, a 9.2 percent change from 2006.

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