4 ms·

I rent in the north shore. I'm glad rents are coming down and I'm glad I didnt buy last year when u was tempted. That said, I dont know anyone that thinks th

I rent in the north shore. I'm glad rents are coming down and I'm glad I didnt buy last year when u was tempted. That said, I dont know anyone that thinks the market is slowing. The overseas money still props things up pretty well.

refurb 8y ago
You were very smart not to buy. Housing prices are coming down in Toronto as well, and people who bought homes still under construction are finding out that that the prices are now lower than what they paid.[1] Canada is generally has recourse laws, which means you can’t walk away from an underwater mortgage. [1]https://www.thestar.com/business/real_estate/2018/01/29/how-a-softer-housing-market-has-crushed-pre-construction-home-buyers-dreams.html https://www.thestar.com/business/real_estate/2018/01/29/how-...