IanO
Superstar
The 'luxury' market is exceptionally small and certainly not going to respond well to that area... and dont get me started on condos for another 2-3 years.
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Downtown Real Estate
- Thread starter Daveography
- Start date
archited
Senior Member
^ still bitter about your own condo experience?
IanO
Superstar
IanO
Superstar
Good sir. It's well known that the entire market is flat, basically non-existent and ~20% depressed from pre-COVID.
archited
Senior Member
I get that -- that wasn't my question.
David A
Senior Member
Unlike many other places in Canada, condo values here have oddly not really gone up over the last couple decades, so probably more than a few people bitter about that.
There is no doubt quite a wealth affect from asset appreciation that people in Toronto and elsewhere enjoyed when the condo's they bought for 250,000 or less are now at 750,000 or a million or more.
Here we sort of get to see that from afar, but like kids with their nose pressed to the glass not experience it, so yes there are more than a few people here not very happy about that.
There is no doubt quite a wealth affect from asset appreciation that people in Toronto and elsewhere enjoyed when the condo's they bought for 250,000 or less are now at 750,000 or a million or more.
Here we sort of get to see that from afar, but like kids with their nose pressed to the glass not experience it, so yes there are more than a few people here not very happy about that.
Didama
Active Member
Why are they listing 104st as having public infrastructure improvements? They haven’t even replaced dead trees as far as I’m aware
degrandprix
Active Member
So, a good time to buy maybe?
archited
Senior Member
Maybe people should look to other places for financial returns rather than on basic housing. Lets ask the Millenials+ if they enjoy the exorbitant rise in housing over the last several decades.
IanO
Superstar
They have and are doing a bunch of streetscape improvements.
Gronk!
Senior Member
Something's happening with the old Starbucks space at Jasper Ave/101 St
David A
Senior Member
Probably much less so in Toronto, Vancouver and some places than say here, but even here in supposedly still affordable Edmonton where housing costs under 1/3 of income, there seems to be grumbling.
So I suspect only one part of it is about the rise in housing cost, another part is something else (income related?)
Oilguy
Active Member
All the best to whoever goes into that location. The lrt entrance next door is pften crammed with drug users
David A
Senior Member
Yes, the LRT entrance can be a problem but the entrance to this does not face that. Actually this corner is probably better than the one about a block west where all sorts seem to hang out near the bus stop and Tim Hortons.
policyenthusiast
Senior Member
I worked in Commerce Place for a while and saw two overdose deaths on that corner.