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In a year, Canadian prices dropped an average of 18.5% or something. In Toronto, it's more like 5%, which is big for a city like Toronto.
I'm banking on this. I'm a renter who is looking to become an owner. We're looking at condos and are expecting to find a deal, even in the neighbourhood we're currently living in, which is one of the nicer (somewhat) affordable ones.
I think a number of factors are driving prices down, but I don't know much about these things to even speculate. I just want to take advantage of it.
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
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