Race to Rhodes Ave
An article on the insanity of Toronto’s real estate market. One of the couples who are profiled are 28- and 29-year old teachers. They put in a losing bid of nearly $650k on a home, and shortly afterwards bought a townhouse for probably the same amount. How can a couple of teachers possibly have or make enough money for that expensive a property?
I’ve stepped out of the real estate market after having lost a few bidding wars last year, but I’m still following what houses are selling for, and this year seems so much more frenzied than even a year ago. Prices in the areas my wife and I were looking have increased by around 10%. Nothing in Toronto’s real estate market makes any sense right now.
Why it’s too soon to cheer that households are borrowing less
About the staggering debt that Canadians have committed to over the past few years. Ends with an excerpt from a 1982 Montreal Gazette article about that era’s housing boom and bust. Sounds like it could have been written in 2017.
The Story behind the Rob Ford Story
Covers not only the story of how the Rob Ford saga unraveled, but also the history of Canadian libel laws that made it possible.
A chart to put the Canadian housing bubble in perspective
A quick comparison by Robert Schiller on historical Canadian vs US housing prices.
ToRCHI – Touch User Experience Design
Going to this talk tonight. Should be interesting! Although it would have been more interesting if I could have taken notes on my iPad. Lost opportunity for talk/note-taking-device synergy. Boo.
Waterfront Toronto & Torontoist Present: Rename Sherbourne Park
There’s a new lakeside four-acre park opening this summer/fall in Toronto at Queen’s Quay and Sherbourne and you have the chance to name it. It’ll be nice to have a big park within walking distance of both the Distillery District and St. Lawrence Market.