Property in the GTA
Mar 18th 2017, 12:34 am
#1
Forum Regular
Thread Starter
Joined: Dec 2016
Posts: 44
Property in the GTA
With the market the way it is nowadays. Would purchasing a property in the GTA (or slightly outwith), be a sound investment or financial suicide?
Mar 18th 2017, 1:54 am
#2
Pea Brain
Joined: Jun 2005
Location: TBD
Posts: 6,005
Re: Property in the GTA
Yes.
Depends where, what and the price you pay, like in any market.
Depends where, what and the price you pay, like in any market.
Mar 18th 2017, 2:00 am
#3
BE Forum Addict
Joined: Feb 2014
Posts: 1,338
Re: Property in the GTA
Nearly 3 years ago I wondered the same thing. We bought in a rural part of the GTA. Now I wouldn't be able to afford anything in our immediate area. In another 3 years it could seem to have been a terrible decision. For the moment we have a house we like to live in.
Mar 18th 2017, 11:26 am
#4
BE Enthusiast
Joined: Feb 2008
Location: Kingston ON
Posts: 318
Re: Property in the GTA
House prices have never gone down (Overall)
Mar 18th 2017, 12:10 pm
#5
BE Forum Addict
Joined: Feb 2014
Location: Done with condescending old hags
Posts: 1,194
Re: Property in the GTA
Interest rates have never been lower in global economic history, and as of 2015, Toronto average price:earnings ratio was 8.9 which has never been higher.
Ask yourself if you think a never-been-higher real-terms price supported by never-been-lower interest rates is the basis for (1) sustained future growth or (2) a correction that could take decades before the bubble re-inflates.
Ask yourself if you think a never-been-higher real-terms price supported by never-been-lower interest rates is the basis for (1) sustained future growth or (2) a correction that could take decades before the bubble re-inflates.
