Quote:
Originally Posted by krayzie
Here in Toronto it's the other way around. Buyers with hot Mainland China money are rushing agents to sell them property no matter what the crazy markup is in the 6 digits. Real estate agents are also advertising 0% commissions to buy from them, and if your home doesn't sell then the agent will buy it guaranteed at probably pennies on the dollar, so the agent can remodel it and then flip it. Local peeps like me can never afford to buy at these ridiculous prices.
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That sucks. On the other hand, you'll likely to be able to buy a REAL nice place in 5 years or so.