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There could be softening in smaller markets but a single family, detached home in toronto is not going to see any loss in value. I don’t see it. Condos are also selling again. Client launched a condo in Markham recently (not a market I would be interested in) and sold out 500 units in a weekend. The only good thing that dope Trudeau has done is to encourage immigration but of course, that good policy has failed when people arrive here and have lack of support to be able to translate their skills to real jobs.
Car sales will suffer though because many people lease as we know and rates are stupid for a depreciating asset.
This is all my opinion based on close to 25 years in real estate!
The only loss will be those who overpaid. I know someone who paid 3M for a house with no driveway near summerhill market. Value may be 2.5M now but a wash if staying there for decades. He makes 80k but wife's daddy has $
I was at PCO this morning and there were tons of 911’s for sale….I’ve never seen that many there before. This beautiful T was there as well. Don’t know if it was sold or not as none of the 4 SA’s that saw me looking at it bothered to speak to me. I was buying parts for my 993 and was dressed in my garage wear…I guess I didn’t look worthy 😅
local dealer here had a customer back out and can't fill his Turbo S slot...
Because the house and cottage they bought with a whack of borrowed $ during the 'Covid peak' are now worth 80% of what was paid :-) The tide is going out.
I was at PCO this morning and there were tons of 911’s for sale….I’ve never seen that many there before. This beautiful T was there as well. Don’t know if it was sold or not as none of the 4 SA’s that saw me looking at it bothered to speak to me. I was buying parts for my 993 and was dressed in my garage wear…I guess I didn’t look worthy
Beautiful T!
The lack of assistance at the dealership is something that bothers me. No, I do not want to be worshipped but a simple "Can I help you with something today?" goes a LONG way. Over the past 5-10 years, an arrogance around the Porsche brand seems to have developed at many dealerships. To a lot of long standing enthusiasts, 40 years in my case, these cars are the fulfillment of a life long dream. Kneeling at the alter Ferrari style to be granted the "privilege" to order a new 911 is NOT part of that dream.
Last edited by timothymoffat; 07-08-2023 at 04:43 PM.
Because the house and cottage they bought with a whack of borrowed $ during the 'Covid peak' are now worth 80% of what was paid :-) The tide is going out.
The lack of assistance at the dealership is something that bothers me. No, I do not want to be worshipped but a simple "Can I help you with something today?" goes a LONG way. Over the past 5-10 years, an arrogance around the Porsche brand seems to have developed at many dealerships. To a lot of long standing enthusiasts, 40 years in my case, these cars are the fulfillment of a life long dream. Kneeling at the alter Ferrari style to be granted the "privilege" to order a new 911 is NOT part of that dream.
i get brushed off in showrooms wearing gym clothes
sales folks start to kiss *** after they see my timepiece
Well I paid 2.5 for my pad 14 years ago worth more than twice as much now, things not good with the wife so thought about a townhome/condo to chill, prices very reasonable right now so not predicting a crash per se, but a softening in the market where properties stay on the market longer and sellers accept lower offers, this is a big change from the last few years.
Well I paid 2.5 for my pad 14 years ago worth more than twice as much now, things not good with the wife so thought about a townhome/condo to chill, prices very reasonable right now so not predicting a crash per se, but a softening in the market where properties stay on the market longer and sellers accept lower offers, this is a big change from the last few years.
buy in the ritz and live like a bachelor?
my ex gf's husband did that after she gave him the boot
Interesting developments on the inventory side for sure. On Finder there was an in stock (listed under New) 992 T in BC. That said, I haven’t seen much movement on the price side of things. Good 997.2 still 100K+ and 991.2 still selling well above MSRP. Today brings another rate hike undoubtedly, so seems like anyone looking for a deal will need to continue to watch for the time being.
The lack of assistance at the dealership is something that bothers me. No, I do not want to be worshipped but a simple "Can I help you with something today?" goes a LONG way. Over the past 5-10 years, an arrogance around the Porsche brand seems to have developed at many dealerships. To a lot of long standing enthusiasts, 40 years in my case, these cars are the fulfillment of a life long dream. Kneeling at the alter Ferrari style to be granted the "privilege" to order a new 911 is NOT part of that dream.
I've shown up to PCO in my 911 and was ignored by sales reps who saw me get out of it. They aren't all like that, but the fact that some are reflects poorly on management. Also happened at Audi Oakville; reps sitting at their desks playing with their phones and chatting with each other. So I went to Audi Hamilton and bought there. I'm not going to beg to buy a car.
07-07-2023, 02:10 PM
