West
BC brings out the new tax Reality of B.C.?s foreign buyers tax begins to bite as realtors report deals collapsing | Financial Post GTA still on fire with a record breaking July http://www.cbc.ca/news/canada/toronto/troubling-trend-as-toronto-real-estate-market-sees-record-sales-for-july-1.3707386
And the growth and hits keep coming WOW ! http://www.trebhome.com/market_news/market_watch/2016/mw1608.pdf
Just had 2 properties sell on King street, just west of me, both for all the money. 6.2m( south side) for one 2.5 for the other ( North side). I have a neighbor that is going to list low to create a bidding war. The sign on their home says, Coming Soon!!
Doesn't look like the needle is coming off the record Want a detached house in Toronto? You need $1.29M, according to latest numbers - Toronto - CBC News https://www.thestar.com/business/real_estate/2016/10/05/toronto-house-prices-jump-more-than-20-per-cent-in-september.html
1850 sq ft Semi rental in nondescript "Daniels" builder, Eglington and Winston Churchill, listed in $600s sold at $789,000. For a sub division semi. Wtf. To live beside a Rona?!?! LOL.
As of last week..my house has now officially doubled in value. Actually more then doubled, in 5 years. Crazy.
We are shopping vacation properties in Niagara region and they've doubled too! Waiting for a correction to snap something up. Right now it's nuts. Sent from my iPhone using Tapatalk
People were saying they were waiting for a correction since 2011 - 5yrs later, many missed the boat and either got priced out, or had to pony up. Latest numbers are still showing a strong increase yet again. I don't know what to say, who know what the best approach is anymore. -:: Toronto Real Estate Board ::-
You will be waiting a very long time... There is no correction coming. Prices are where they are and will continue to climb. At some point there will be some stagnation but we won't be seeing prices from 5 years ago again.
I agree with this... we are at what the market will bear. I don't see people talking about flipping houses at McDonalds ... yet... We are definitely in a low-interest-rate boom, but that's not going to change.
The party continues .... https://www.thestar.com/business/2016/11/08/pace-of-housing-starts-slips-in-october-cmhc-says.html
That's my wife's analysis too. I'm getting old! Lol - even a fast food combo is stupid expensive at $10 taxes in. Those used to be $3.99. /grumpy Sent from my iPhone using Tapatalk
Find an agent out of the US, apperently we have a large influx of new immigration coming from the US entertainment industry. GOOD LUCK ON THE SALE !
Is it true that people in Toronto are selling their homes, then moving to London ONT (where the market is still affordable here as the average house is about $300,000)? If that's true, then they can sell their GTA home, then buy the same home (or better) here for half the price and bank the other half.
Its true..kinda. Many are hitting the Hamilton Stoney Creek area. Trouble is most cant handle the insane property taxes. The further west you go, the more you get for your money.
If you consider this average in London, then the answer could be yes..... Image Unavailable, Please Login
You might be right about no correction to prices of five years ago, but markets can and do correct. In much of BC, the late 1970's showed a rise in prices followed by a significant decline in prices in the early 80's. Prices rose again through the late 80's but showed some decline in the early 90's. Following huge increases in prices over the past decade and particularly the past two years, Vancouver prices are on the decline with more listings, longer listing periods, offers with subjects, and offers at or below asking. If the market can go up 30% in a year, it can also fall 30% in a year. As a homeowner in Vancouver and Victoria, I experienced these rises and declines first hand.
London Ontario? Unlikely. Beamsville, Niagara On The Lake. Waterdown, Vineland. etc. Georgetown well before London
