Sunday, November 5, 2023

Homes start to go in Toronto

 When I was a kid, we used to watch the US tv and there were always fires in Buffalo.  That's usually the symptom of a poorer city.

I just trounced on this because I was visiting relatives to the way north of the city, in a housing complex.  So much housing still under construction, and no money to buy anything.  Now, of course, one thing does not make a trend, but the only way for a seedy company to ditch the housing under construction is to light a match.  Nobody is really doing it, I say for legal reasons, but it is something to watch for.

Toronto housing continues to stay steady because the banks are allowing the principal to zoom to infinity, and it doesn't seem to be something under regulation.  This was the big thing with the Japanese banks during the great real estate fall.

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