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Resale value is also affected by supply and demand.

In Toronto or Van nobody’s making any more land, so detached houses are in limited supply. Condos, on the other hand, are essentially unlimited.

The purchase price of a condo, now huge in Toronto or Van, is just the start of your financial obligation.

In addition you add community ownership with bunch of people you have nothing in common with. Condo people might as well go and buy some construction supplies from home depot and watch it rot in the rain…There are over 400 new condos going up in Toronto, and close to 400,000 existing units in that city alone.Finally, there are only so many people who actually want to live in 500, 600 or 800 square feet in a place with no outside space, limited privacy, rising overhead and no potential for expansion.Our Word of the Year choice serves as a symbol of each year’s most meaningful events and lookup trends.

It is an opportunity for us to reflect on the language and ideas that represented each year.

So, take a stroll down memory lane to remember all of our past Word of the Year selections.



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