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Originally Posted by Gerbs

^ it's not slowed that bad is it lol.

Even a 10% to 20% correction isn't that bad considering the fat gains over the last couple of years.

I would say it slowed a bit. Not that many 2 bedroom apartments are being listed, and the ones that are listed are sitting.

1 Bedrooms (which is what mine is) is still pretty hot, but in my development (Wall Centre Central Park) the third tower completed and an influx of listings came up... I think at one point 40-45 listings were active between the whole development. This last weekend I walked by the third tower that finished and there were at least 10 signs outside the main entrance and just a huddle of people. I guess some people are desperate and dropped the price which caused the overall average price per sq.ft. to drop a bit. At the high point during last summer/fall it was hovering around $1200 per sq.ft. but now the high point is around $1050 with average being closer to the $975-$1000 mark. Not bad, but still...