TORONTO NEW HOME SALES JUST HIT A 34-YEAR LOW

Someone posted that I large number of people left Canada back in December, those that could be why.
 
The winter we’ve had is not going to make anyone want to stay.
 
Good
Fuck boomers
I hope it's a race to the bottom as the city repo's when pensions can't pay tax
Also fuck shitskins making locals compete
 
What's wrong with boomers I don't get this mentality. Are they evil for having a house cuz in a year I will own my house completely.
 
Its because they already earned what they earned and invested in what they invested. All is paid off. Even if shit hits the fan they dont really care because they can survive no matter what comes

My parents even have their whole death planned out and where they are getting buried. Its all bought and paid for.

To them we are the problem.

My dad was mad at me because i do well for myself and said exactly what all boomers think. He said all i owned was because i was in heavy debt. I am not but this is what they think. He lectured me about collateral and no access to credit. When i told him all i own is bought and paid for and i have zero debt he didnt believe me. I couldnt even convince him and i wasnt showing him my zero balance on all my credit cards and lines of credit
 
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My beef with boomers, at least the ones in my family is they all get their news from cbc, support the liberals, do whatever the government tells them to do, and blindly support whatever current thing the media is pushing.

By doing so they are directly supporting the destruction of the society that gave them their success and high quality of living.

Obviously not every member of an entire generation is the same, but to me it seems the majority of boomers fit that description.
 
Is this overall units or just a shitty less than 800 ft condo monstrosities they built really quickly? I'm guessing houses are still selling for a lot.
 
There are recently completed condo buildings in downtown Toronto where entire floors - in some cases one third of the building - are completely empty and dark at night. That investor-driven market has completely collapsed; I wouldn't be surprised to see these worthless shoeboxes sell for a third of their listing price by Christmas.
 
These numbers include condos which that market is in crisis mode; no one is buying that garbage, investors are gone. But overall the market is still slow despite interest rate drops. I think the low sales are more of an indicator of consumer sentiment than anything. The economy is extremely weak and people are uneasy about their employment future.

One thing I can’t believe is still propped up is the car market, new and used the prices are still obscene on some of these vehicles yet I see them all over the streets.
 
I had to buy a car last year cuz some dumbass rear-ended me. The used car market is completely fucked because people can't afford new cars that are keeping their cars longer. Also people aren't driving too much during covid so they got more use out of their older car now so people are still keeping them.
 
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