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10-30-2012, 02:12 PM
  #50
OpenIceHit
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Join Date: Oct 2006
Location: Tbilisi
Country: Georgia
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Quote:
Originally Posted by coolasprICE View Post
The only game in town or not, prices are dictated by supply and demand.

Those condos you mentioned in Toronto are having a heck of hard time selling today.

Good luck with your investments but I do see a dip in prices moving forward once all these new projects around the city are complete
I don't think prices will go down. They can stagnate for a few years but he doesn't risk anything buying one of these condos at that price. And renting it or using Airbnb will certainly help him make a little profit while waiting for the price of housing to go up again a few years later.

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