This Ad Shows the Luncy Going on in Toronto’s Housing Market

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“Like most trends, at the beginning it’s driven by fundamentals, at some point speculation takes over. What the wise man does in the beginning, the fool does in the end.”
– Warren Buffet, 2006 Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) annual meeting

 If there was ever a poster that conveys the insanity of Toronto’s condo market this is it. Condo sales are beginning to collapse in Toronto, yet a steady supply of new condos are being added to the inventory.
The greater the over supply of condos, the crazier the promotions are to sell them.
With that, the marketing geniuses have come up with this poster for the Palm Condo’s in Toronto. (I actually want to frame this poster.)
The best part?
“The two best investments are real estate and gold. Get both with the purchase of a suite at the Palm.” 
Sounds too good to be true, eh?
– By the way this isn’t a fake ad, I called and confirmed this promotion with the company.

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