Yikes. To be completely honest, I was not expecting this post and this post to blow up in the way that they did. But hey, here we are and here's the blogTO article: "Developer shames City of Toronto into issuing permit for bold new skyscraper." What all of this suggests is that most people are shocked by how long it takes and how difficult it is to build a building. I mean, what I wrote about is just one sliver among the countless other things that need to come together for it to happen. But to my mind, these are productive discussions to be having. Because the more everyone is aware, the more likely we are to improve things.

BlogTO recently asked: Is it a good time or a bad time to buy a condo in Toronto right now? My unsolicited opinion is that if you are someone who would like a home in Toronto, now is an excellent time to buy it. But that's not actually what I want to talk about today.

If you read the post, you'll come across this line: "She emphasized that these are unprecedented interest rates..." Hmm. I think it's important to point out that these are not unprecedented rates. Rates today are certainly higher than they have been for about two decades. But they've been even higher before and, if you go back to say the 1980s, rates today still look historically low.

We just got used to ultra low rates and now we need to adjust to them being higher. And we will. The first step is feeling confident that rates won't go even higher in the short term. Because if you think you know where rates are going to hang out, you can then make decisions around that.

Yikes. To be completely honest, I was not expecting this post and this post to blow up in the way that they did. But hey, here we are and here's the blogTO article: "Developer shames City of Toronto into issuing permit for bold new skyscraper." What all of this suggests is that most people are shocked by how long it takes and how difficult it is to build a building. I mean, what I wrote about is just one sliver among the countless other things that need to come together for it to happen. But to my mind, these are productive discussions to be having. Because the more everyone is aware, the more likely we are to improve things.

BlogTO recently asked: Is it a good time or a bad time to buy a condo in Toronto right now? My unsolicited opinion is that if you are someone who would like a home in Toronto, now is an excellent time to buy it. But that's not actually what I want to talk about today.

If you read the post, you'll come across this line: "She emphasized that these are unprecedented interest rates..." Hmm. I think it's important to point out that these are not unprecedented rates. Rates today are certainly higher than they have been for about two decades. But they've been even higher before and, if you go back to say the 1980s, rates today still look historically low.

We just got used to ultra low rates and now we need to adjust to them being higher. And we will. The first step is feeling confident that rates won't go even higher in the short term. Because if you think you know where rates are going to hang out, you can then make decisions around that.