{"id":2047,"date":"2011-04-14T16:48:39","date_gmt":"2011-04-14T21:48:39","guid":{"rendered":"http:\/\/metroactive.org\/wordpress\/?p=2047"},"modified":"2011-04-14T16:48:39","modified_gmt":"2011-04-14T21:48:39","slug":"real-estate-prices-dropping-in-toronto","status":"publish","type":"post","link":"https:\/\/metroactive.org\/wordpress\/2011\/04\/14\/real-estate-prices-dropping-in-toronto\/","title":{"rendered":"Real Estate Prices Dropping In Toronto"},"content":{"rendered":"<p>Despite what the headlines have been saying about Toronto prices staying firm, the evidence shows that prices for condominiums in the downtown core have already started a steep decline.<\/p>\n<p>Two months ago a\u00a0 two bedroom condominium (NO DEN)\u00a0at 12 Yonge Street was selling for $450,000.\u00a0 Today I saw a two bedroom PLUS DEN in the same building going for $435,000.\u00a0 That is a drop of about $35,000 ($450,000-$435,000 plus $20,000 for the den) \u00a0in just 2 months.\u00a0 This represents a drop in price of 7.5% ($35,000\/$470,000).<\/p>\n<p>Beware if you&#8217;re buying a condominium in Toronto, the bubble seems like it has begun to burst.\u00a0 If you need to sell soon, sell now not later.\u00a0 If you need a place to live, rent the condo because it is 25% cheaper than owning.<\/p>\n<p>Now is a time to be smart not emotional about real estate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite what the headlines have been saying about Toronto prices staying firm, the evidence shows that prices for condominiums in the downtown core have already started a steep decline. Two months ago a\u00a0 two bedroom condominium (NO DEN)\u00a0at 12 Yonge Street was selling for $450,000.\u00a0 Today I saw a two&hellip;<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-2047","post","type-post","status-publish","format-standard","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/posts\/2047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/comments?post=2047"}],"version-history":[{"count":0,"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/posts\/2047\/revisions"}],"wp:attachment":[{"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/media?parent=2047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/categories?post=2047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/metroactive.org\/wordpress\/wp-json\/wp\/v2\/tags?post=2047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}