Tuesday, November 29, 2016

Toronto Houses of Doom

My single point of reference has become two.  I don't think I'll get any more because the agents hide everything.  We won't get any real news for another month or two.

The house up the street which was a pure spec play, since all they did was fix it up, and try to sell it empty, has withdrawn from the market.  They, like everybody, hope for a Happy Spring.  Ain't gonna happen.

Tromp has tromped all over the bond market, and all the hot money is going into US stocks.  Canada is looking at free oil, and a vanishing loonie.  The big Oklahoma earthquakes better come soon, but after trimp scraps all the oil tankers.  Then they'll have to buy Canadian dirty oil, which is a lot cleaner than earthquake oil.  :)

Without the hot money the Housing Emperor has no clothes.  My relatives will be fine to move to Huntsville in the Spring because the whole country will be in a panic.  If somebody offers you a 20% discount on your house, and you are strung out, take it!

There will be no news in condo-land because the paper developments will just disappear 'until Spring'.

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