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@PHfloor lol you've tried this point before - can't compare domestic with international migration.

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@PHfloor to be the fastest growing place on earth for 2 yrs was the wrong number lol

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@SteveSaretsky Banks are taking the business will do as high leverage and almost same rates as cmhc

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@PHfloor I think its easy to say down from here.. but will the increase in affordability/sales be price driven or rate driven? as NBC so eloquently describes..

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@PHfloor Similar to 2025 when it looked like the market was improving from a listings perspective.. given the direction of rates and the economy I'm not so sure this is the turn of the market just yet.

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@PHfloor NBC is the best
Meant to post Toronto - see page 6. https://t.co/7aJaiJc4qt
Toronto is tough due to the condo vs non-condo split. Many condos are not being listed or shifting to rental which is improving inventory. non-condo is also improving but listings really are high..

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@PHfloor

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@JohnPasalis You literally own small apartments lol

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@PHfloor What about the down-payment? Its quite a bit harder i think to come up with a down-payment now then before.

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@PHfloor I dont think many would describe it as a "dislocation in the labor market" to that point I dont think many will ever forget this period of Canadian history.

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@HousingNowTO @MikePMoffatt @ubcHART @OpenDataSociety @HousingNowTO I could not agree more - such a frustratingly misunderstood topic.

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@PHfloor Cheaper energy and rent? Especially for industrial commercial businesses.

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@danielfoch @SteveSaretsky Discount to market, I mean the market is decling 5-6% per year they should be buying 5-6% less than market price at a minimum for a bulk deal.

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@danielfoch @SteveSaretsky They can just increase the vacancy tax or property tax on the units. We all know this won't be bought at a discount relative to market. We'll see when title transfers

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@AzizSunderji Needs to adjust for bedrooms per dwelling type?

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@PHfloor @DrCameronMurray Outside core its like 2-3x less than comparable distances to cities. Within the core probably at least 50% less - I was just there - shockingly low - and while wages are less on a % basis its still I think 20-30% of wages vs 50% in most cities.

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@PHfloor @DrCameronMurray very cheap rents

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@PHfloor @MikeFellman @bobbyfijan Some of it was supply shocks but mostly just demand it's fallen down just as fast.