183
Canada likely sitting on the largest housing bubble of all time: Strategist - BNN Bloomberg (www.bnnbloomberg.ca)
submitted 1 year ago by Pxtl@lemmy.ca to c/canada@lemmy.ca
103 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[-] forgotaboutlaye@kbin.social 1 points 1 year ago* (last edited 1 year ago)

The downtown strip of the town I grew up in (about 2hrs from Toronto) is a ghost town. I doubt retailers want to risk starting a lease on a commercial property when in many situations, brick&mortar isn't much of an asset.

[-] M0oP0o@mander.xyz 3 points 1 year ago* (last edited 1 year ago)

That is the crazy part I am talking full on buying not renting. I run a few stores in more rural areas and my company just bought the building because the owner would not rent/lease to us but would sell it for less then you could buy a shed for.

I guess it is crazy you could buy a storefront in a small town for much less then a house in a small town (maybe a protip?).

this post was submitted on 23 Aug 2023
183 points (96.0% liked)

Canada

7188 readers
283 users here now

What's going on Canada?

Communities

🍁 Meta

🗺️ Provinces / Territories

🏙️ Cities / Local Communities

🏒 SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer

💻 Universities

💵 Finance / Shopping

🗣️ Politics

🍁 Social and Culture

Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca

founded 3 years ago
MODERATORS
otter@lemmy.ca