Toronto's market (Canada)

[Hadi Komeyl]

Hi all,

I have been doing lots of reading and research in the past month. BP has been incredibly helpful, especially the forums, the beginners guide and "the book on flipping houses". I have also started also started working with a local contractor as an apprentice to learn more about rehabbing. All the going great, expect I think I am having what the BP beginner's guide calls "analysis paralysis".

The Tornto, Canada, RE market is very difficult for me to comprehend. Without getting into the nitty gritty and referencing tonnes of articles, this is my understanding of what is happening:

1. Lots of condos are going up in Toronto. Many are "investment" properties that either to be either rentals or resold.
2. cheap borrowing costs have resulted in lots of people who cannot really afford to live in a house to buy houses.
3. My biggest worry is that recently bonds the US have gone up, and therefore borrowing costs have gone up. This will result in Canadian banks also increasing interest rates in the near future. This may result in people defaulting on their loans and so on....

I would love to hear what the BP community thinks!