Maybe when the government buys all the cars to bail out the auto industry, it can buy all the unsold houses too.
Only 400 new homes and condos were sold in the Greater Toronto Area last month — while nearly 22,000 units sat on the market untouched — marking the worst February on record for the sector, according to a new report.
The Building Industry and Land Development Association (BILD) released its findings Thursday and said the sales, which included 152 condominium apartments and 248 single-family homes, mark a 50 per cent drop from last February. Compared to the 10-year average, those 400 sales represent a decline of nearly 85 per cent, it said.
Speaking of Toronto…. I shouldn’t gloat; it’s not a Christian thing to do. But I am gloating. Opening day of the MLB season: the Blue Jays got bombed 12-2 IN TORONTO this afternoon by the Orioles. Heh. I have no idea how many Blue Jays fans were in the stadium, I didn’t hear. But I’m sure every one of them went hope real pissed at the dastardly American team from Baltimore.”Elbows up” didn’t help, did it, Blue Jays fans.
10 whole lost years in Canada.
The result of the absolutely most fukin stupidest prime minister and the fukin stupidest bunch of far left,Shit-Lib freaks and half wit, dimwit, mentally retarded, totally incompetent Cabinet, all voted in and supported by a brain dead NPC 60% of 40 MILLION Canadians
Carney’s on deck and you ain’t seen nothing yet.
It seems Canada has lost its self-declared war a few days before it actually began. What a pathetic excuse for a country. What have the people of Canada let happen to them? Time for a fully elected and accountable Republic of Canada free from the retarded hand of a foreign King and his obtuse minions?
Quick question- watching the hockey game and was interrupted by a government of Canada advertisement stirring the patriotism pot. Why the hell are my tax dollars being spent in supporting the incumbent government in an election campaign, when we are supposedly in a period that makes that type of advertising illegal? Anyone?
You should know by now that it’s only illegal in Canada when a non-Liberal does it.
Wait. Didn’t your FAILed ex-PM commit to building a couple million homes or something?
Ohhhhh … I know why they’re not selling … they aren’t designed in a halal style. The new homes and condos are all colonial white Canadian haram.
Nope. It’s because everybody knows that if it is a cool million this month, next month it’ll be $950,000. And next year? Maybe $750,000. But no way will it be $1.1 million. Not for at least 5 years, and maybe not for 10 years.
Everybody is waiting for the dead cat to bounce when it hits the bottom. And really, nobody has a million bucks right now. Old people are skipping their pain meds because they need the money for food.
Uh oh – government will buy all these homes that aren’t selling and fill them with muslims fleeing the murderous muslim countries because diversity. Or they’ll just take the homes.
They are sitting unsold because at $1200 a sq ft, no one will buy them, and the banks are willing to carry a declared value mortgage on them, but the units are probably worth only about $800 a sq ft on the high end. Eventually someone needs to take that loss, and it probably won’t be the banks.
POP!
Why in the name of God would anyone want to live in Toronto?
I live just outside the GTA. One of the new residential developments in this area is being built by Brookfield residential. (yes, it’s a subsidiary of Brookfield Asset Management). Hmmmm
Ahahahahhahahahahahahhahahaha. Suck it Trebek.