Is the East Side the New West Side?

8. March 2007

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For years, it wasn’t much of a contest. Queen West vs. Queen East? Come on. Bloor West Village vs. The Danforth? Please. Trinity Bellwoods Park vs. Moss Park? Not even close. The West side has consistently come out on top in the battle of the most desirable ‘hoods in the City to call home. Come on now, all you East Siders. Admit it – the West Side has had our number for quite some time.

But consider yourselves on notice West Siders, because several developers are betting that the East Side will be taking some huge strides over the next few years.

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Do you Believe in the Insanity of the Toronto Real Estate Market?

1. March 2007

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20070301_housing.jpg

I had been hearing the stories for years. Guy buys a house in Cabbagetown for a song, a few years later it’s worth twice as much as he paid for it. A couple buys a condo on the west side in the pre-construction phase, then sell it upon completion for a ridiculous profit without ever having set foot in the unit.

The Toronto real estate market has been churning out these kinds of stories for about a decade now. Thousands of ordinary people have gotten rich from doing not much more than paying their mortgage every month. When will this wave of unprecedented growth in the market end? What is it going to take to stop the insanity?

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