Binbrook looks enticing. Just over 700k gets you 2 achers and a 4k sqft home with a huge triple car offset garage. It needs a bit of updating however it's a growing community. It would be about 45 minute drive to work in the summer months but I can see 2hrs in the winter with traffic and snow.
Don't do it. The drive will kill you. Even if it were 400k, don't do it. By something that you want, really close to work and you won't regret it. Stretch yourself and make it work. Your gains will be larger ( tax free) and your life will be better.
Well the house that was for sale at 525k on our street sold for 615k. Smaller home, smaller property and had houses over looking the back yard. I'm having the selling agent come by next week for a chat.
My buddy bulldozed a 540K. on Henderson street which is at Appleby and new. Not a spectacular house by any means. Good lot. He put up a million four place. Not bad but to me, there is still lots of room down there to get in. .
The party continues -:: Toronto Real Estate Board ::- http://www.cbc.ca/news/canada/toronto/toronto-sale-price-real-estate-1.3666722
Recently met with an RE agent to list a condo. MPAC assessment is about 15% higher than true value it seems. Also, only 25% of the condo's in the building have sold this year vs. listed. Think Townhomes and semi's are going to be the big movers due to affordability.
I wonder if that's Christine Mcgee (Sleep Country)'s place. She had one of the largest in Oakville for awhile.
If in Richmond hill, Markham they are already 700k for nice ones. With 10-20% down , that still leaves 575+ on mortgage , which is $2,500+ a month. This pricing is pushing affordability only into the condo sector for the sub 600 mark unless people continue to move further north, east and west. Oakville / Burlington is still a tad undervalued when looking at comps and represent good value for the first time buyer over 416 area. The issue is anything between the 404 - 400 ( 905 area code north of the city ) is growing in price much more rapidly than 416 for semi and detached homes. Will be interesting if and when the needle comes off the record what will happen.
According to which RE agent you believe, a few factors to consider why the music won't stop anytime soon: - Lack of land, difficult permit process, fewer homes on the market leading to tight supply. - Low interest rates, increasing population via. immigration leading to high demand. I'm a bit shocked at the price on this one. $3M and it resembles a condo on the inside. Interestingly enough it was "Previously sold for: $1,192,000, in 2014, prior to being completely demolished and rebuilt" $3 million for a modern Leaside new-build with lots of skylights Thoughts? Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
My thoughts are - nothing surprises me. Too many factors can affect this market ,another major terrorist attack ( I mean major , not a night club shooting ) , if trump wins the election ?etc .... It's evident the government is powerless, they can't touch interest rates now because they gave away the farm already, and they need that tax revenue from land transfer taxes, hst, building products, manufacturing of materials etc ..... I don't think the needle will fall off the record anytime soon for the RE market for Vancouver or Toronto but then again, a downturn in the economy with slower than expected growth means wages will not be able to keep up with this inflation indefinitely. It's a catch 22, because we haven't been in this position before , it's anyone's guess. This is much different than 1989.
My friend builds sub divisions. Can't keep up. Builders poaching each other's labourers. Not enough workers to meet demand. Prices keep going up. No supply. Sent from my iPhone using Tapatalk
The currency has already lost 25% of it's value against the US dollar in under 15months. Canada economy has always been 3rd tier and those 'realities' will hit home. Unemployment is now 40% higher than in US. It wasn't too long ago when all the Canadians were praising how frugal and robust their own economy is and cheapskates planned shopping vacations at outlet malls stateside due to the exchange rate. Most of the 'homes' being built are just ****ty wooden stick barracks fabricated together by low quality hack builders. You basically have a pyramid scheme ongoing with housing in Canada. Canada entire 'economy' is centered on the FIRE(financial insurance realestate) and raw materials(collapsing as we speak). I would not be surprised if the loonie hits 40cents USD on this downleg.
Yes, the stucco over Styrofoam and faux corner stones with lots of useless curly-cues and parapets is so much better architecture. Not.
50/50 it's west And mods if my pic is out of line you can take it down, but IMHO the only private thing in that pic is my wife and I'm ok with that. Sent from my iPhone using Tapatalk
