RE:RE:RE:RE:"""""Thousands of Toronto Condos now Underwater----& itsYasch , you are correct the world is never coming to an end ....but there are ups and downs. The problem is we have a generation of home buyers that believe that real estate is holy grail of investing .....It never goes down just up . Ask an American if they believe that . I have seen 2 significant corrections in my time and I believe we are way overdue for a 3rd . It is important however to exclude markets that are not overheated . I would be a buyer in Windsor but not the GTA and surrounding area . The correction when it comes with effect overbuilt , overpriced real estate in marginal locations the most . The downdraft will create opportunities in all markets to get a better price ,creating a buyers market for the first time in a very long time . There is no straight line with any investment , you just have to ask yourself where on the line graph is real estate in your area ? . Look out below if you bought a pile of old bricks on a postage stamp lot in Toronto or Vancouver for a million bucks . Sleep tight if you own a nice 2 bedroom condo in Windsor for 100k