I didn’t have time to tell if they were priced about the same as everywhere else. My husband and I were discussing about how they may have a fine line to walk in terms of selection. They will have the couples like us who are happy to pay embarrassingly stupid prices for unground coffee beans and yet still need to carry good basic cheaper goods for those living downtown on a tight budget. I can’t imagine that would be an easy balance for an independent grocer.

Hopefully, it all works out well.

So you think $478 per square foot is “expensive?” I suppose they are probably decked out with all of the trappings of extraordinary wealth.

Cindy,

From Wikipedia: “Human capital refers to the stock of competences, knowledge and personality attributes embodied in the ability to perform labor so as to produce economic value. It is the attributes gained by a worker through education and experience.”

This could be a challenge to figure out, even for someone who is good with numbers.

I haven’t completed the full article and wonder what is the guideline for one to know if the cost of the house exceeds the value of his/her human capital? Housing price v.s. assets? What percentage?

I think Jason is probably thinking of the Silverleaf Condos, actually located a bit east of Varsity View in Greystone Heights at 2730 Main Street. If so, these units appear to start around $269,900 and go well into the high $400′s. I see they have a unit listed MLS that’s 1077 square feet with ne underground stall for $289,900.

It’s a similar situation to our past discussions. Houses priced 250-400 show a supply of about 2.5 months. It jumps to 9.9 months when you look at detached product over $400K. Condos priced 150-300 show a 2.8 month supply. There is nearly 15 months of supply above the 300K mark. Condos above $500K. 2 sales this year. Inventory at 40 units. Ouch!

I’m a bit surprised by the type of product that’s drawing the overbids. Lots of high end stuff, some where there’s really no shortage of inventory.