REAL ESTATE | This Toronto condo sold at a $320,000 loss

A 37th-floor luxury condo in the heart of Toronto’s entertainment district that sold for a loss in the current buyers market.

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[nicolepresta]

Discussing a1.5M condo, the average Toronto problem 😂

[teamkaskas]

Honestly, life is very simple in Canada. Work 2 to 3 jobs for 30 years to pay off your million dollar house then retire in your 60s then end up in a nursing home in your 70s or 80s then you die. The end.

[patientzero]

Condo cost is too expensive. Maintenance cost for old condo's are almost renting a cheap one bedroom apartment outside toronto.

[TheDonjuan]

I love it when they interview realtors....they're the most competent/smart economists out there and know everything about what is going to happen lol

[Bmf]

Serves the greedy speculator folks right!

[Cballin]

It's finally happening! Speculators can kick rocks.

[codorin]

A 320 k loss is still has more to drop. Max 600 k is what its worth in a real market.

[almontoya]

Don't cut rates! Let the market run its course. The damage is so bad for many years by cutting rate again will exacerbate the problems even more in the future. How stupid can you be? It's better to have a true market value vs. an artificial market. Housing should not be abused and used like a stock market. Use commercial properties for that instead.

[gary]

$1.5 million for a condo. I've gotta laugh.

[顾羽-in]

WTF when the average of Salary is only 70K, it is insane to talk about a condo with price of 1.5M

[arturo]

Sold at 320k loss yet still unaffordable to the masses lol

[greyz]

I wouldnt pay 320, 000 for that condo.
Signed,
The Carpenter

[bramptonjeff]

Stop building million dollar units and build affordable ones

[rawrss]

You'll need a microscope to see the size of the violin playing for these speculators!!
Take that!!

[MrMannyhw]

Obviously! Speculator deserves to lose money.

[mycharles]

It wasn't a loss because it was an inflated price.

[suzysmith]

Funny the loss is actually what is should be worth. Toronto is disgusting

[wc]

So true… Sellers hold on if you can, but Buyers perfect market right now…

[Generic]

🎉 I’ve bern waiting 24 years for this kind of news! FINALLY!

[servanunal]

I wonder how many of those home sales were families that would actually live in them.