#8928660 - 01/29/17 12:25 PM
Re: Brampton vs. Barrie vs. Oshawa vs. Scarborough
[Re: Hatorade]
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Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44792
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wow everyone here is a millionaire, wow real estate investor proficiency omg.
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#8928685 - 01/29/17 12:45 PM
Re: Brampton vs. Barrie vs. Oshawa vs. Scarborough
[Re: Risky Business]
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Hatorade
pheggit
Post Master Supreme
Registered: 11/05/99
Posts: 26894
Loc: Toronto, ON
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wow everyone here is a millionaire, wow real estate investor proficiency omg.
It's a home not an investment, unless one keeps buying and flipping I suppose.
_________________________
'07 997.1 GT3
'08 E90 M3
'11 E90 d
'02 Rota Grid - 195-55-16FR (RIP)
'04 Volk GTC - 245-35-19F/275-35-19R (Sold to a farm boi)
I thought Spark was a robot from the old movie and I kind of remember seeing him telling some engineer showing the equation for a clear metal that the guy would event years later - porschetr
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#8928876 - 01/29/17 04:00 PM
Re: Brampton vs. Barrie vs. Oshawa vs. Scarborough
[Re: Hatorade]
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Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44792
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It's funny when existing home owners think they've done so well in real estate, like they are super savvy bay street types and shit.
"oh we bought in 20xx, in (insert place here) for x, and now it's worth 2x"
Like why? I'd be more interested to know of anyone who bought 5 years ago that hasn't seen their place double (does that even exist in the GTA?).
Every area has doubled, every detached home is a mil + in an decent area. No one is a special snowflake.
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#8928984 - 01/29/17 07:07 PM
Re: Brampton vs. Barrie vs. Oshawa vs. Scarborough
[Re: Screamin Type ARGH!]
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hyper-s2k
Post Master Supreme
Registered: 12/01/05
Posts: 14556
Loc: T dot O dot, Canada
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WTF...k market has official gone full retard...thanks asian L E L http://www.remax.ca/on/richmond-hill-real-estate/na-1-holly-dr-1234567-prty/this place not very far away just sold this week for $1,075,000 - 15yr old townhome  hypers2k dude you must be laughing if you sell  I'm 2 seconds away from listing, packing up wife/kids and moving to Montreal...beauty home, awesome city and have a nice chunk of change in the bank 
Neighbour across the street (Persian, not ChinaR -- 4 bedroom, listed sq. footage is 3000+ [mine is just under 2100] ) listed for $1,888,888. (LOL - I guess he's targeting a ChinaR buyer). Sold in 1 week (had only 1 weekend open house).
If I can even get $1.3M for mine - that means I got way more than double in < 10 years.
_________________________
'08 //M3 - now @ 90,xxx km - wtf did i do?
'13 x1 - now @ 99,xxx km - a2b car
'10 x3 - now @ 123,xxx km - time 2 go?
'03 s2k - now @ 80,xxx km - a2a car
'08 535i - sold @ 149,421 km - cashed out just in time!
'08 impreza 2.5i - sold @ - 64,147 km - smh POS
'01 rav4 - killed @ 155,879 km - RIP old friend
"Driving in the snow is like sex. If you want to avoid accidents, abstinence is the best policy. If you're gonna take her for a spin, use protection." - Rick Mercer
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#8929037 - 01/29/17 08:11 PM
Re: Brampton vs. Barrie vs. Oshawa vs. Scarborough
[Re: Hatorade]
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Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44792
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Yeah but then where are you going to go?
$1,888,888 is cheap no? I saw houses listed at major mac and markham Rd listed just under $2m.
pretty much
$1.3 isn't gonna get you much (in a desirable area)...maybe a fixer upper.
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#8929282 - 01/30/17 07:13 AM
Re: Brampton vs. Barrie vs. Oshawa vs. Scarborough
[Re: Risky Business]
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Big Tasty
Post Master Supreme
Registered: 02/10/02
Posts: 19635
Loc: Toronto
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Woodbine/Lumsden or is that Toronto? That's the armpit of east York (well one of them). I went to D.A. Morrison junior high there where someone stabbed the VP lol 13 year old thugs doe. We used to be on lockdown almost monthly because people would bring weapons and/or steal cars and crash them into the school. This school was only grades 7,8,9 
DA has gone French immersion and area is picking up with the new boujee.
$1.379M each
https://www.realtor.ca/Residential/Singl...oodbine-Lumsden
https://www.realtor.ca/Residential/Singl...oodbine-Lumsden
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#8929308 - 01/30/17 08:04 AM
Re: Brampton vs. Barrie vs. Oshawa vs. Scarborough
[Re: Big Tasty]
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Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44792
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I am interested to see how the area turns out from a social experiment POV, imo it will remain a depressed place because of all the ghetto apartments (Lumsden/Secord/Barrington/Eastdale/etc).
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#8929347 - 01/30/17 08:29 AM
Re: Brampton vs. Barrie vs. Oshawa vs. Scarborough
[Re: Big Tasty]
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Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44792
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For sure it's changing, I actually didn't know about the French immersion.
Location wise, it's a great area, subway and go train, dvp not too far, walkable, beaches, taylor creek park. Definitely has a lot going for it.
Prices have crept up big time too, not sure if it commands the premium, but the market decides that.
I've been looking at various properties, and even though I am most comfortable with the east end, I just don't see it changing as fast as the areas I am focusing on in the west end that are similar (ghettoish up and coming). We will see.
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#8929389 - 01/30/17 09:03 AM
Re: Brampton vs. Barrie vs. Oshawa vs. Scarborough
[Re: xza8]
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A2B-Lexus
Post Master Supreme
Registered: 04/19/01
Posts: 45550
Loc: Raptors Land
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Scarbs. 401 and TTC accessible.
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#8929405 - 01/30/17 09:20 AM
Re: Brampton vs. Barrie vs. Oshawa vs. Scarborough
[Re: A2B-Lexus]
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LNXGUY
Post Master Supreme
Registered: 08/06/00
Posts: 106969
Loc: Barrie, Ont,
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Unless you're flipping (Like Risky said) you really aren't anymore ahead if you still have to buy another house in the same market. I keep thinking I'll get rid of this place soon, but then I realize we'll have to stay in the same area (schools for the kids) and will pay an inflated price for a shittier house. I think we're going to stay put until it's time to custom build a forever home.
_________________________
-Bill The GN would OWN you, your children and your children's children. '09 E90 335 d 
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#8929744 - 01/30/17 12:27 PM
Re: Brampton vs. Barrie vs. Oshawa vs. Scarborough
[Re: Choco 'Nuck]
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Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44792
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/didn't take his nuke pills today
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#8930621 - 01/30/17 09:57 PM
Re: Brampton vs. Barrie vs. Oshawa vs. Scarborough
[Re: Hatorade]
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hyper-s2k
Post Master Supreme
Registered: 12/01/05
Posts: 14556
Loc: T dot O dot, Canada
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Yeah but then where are you going to go?
$1,888,888 is cheap no? I saw houses listed at major mac and markham Rd listed just under $2m.
won't be moving until the last kid is near the tail end of high school.
by then, hoping to move further north - just away from people in general.
i understand that it's all about the delta in prices when up-sizing in close proximity to current location - even though i know the prices are still running away, but the increase is even more than expected (at least for my area) -- haven't checked realtor.ca in a while.
it's damn near impossible to entire the real estate market now unless you enter into the ghetto.
_________________________
'08 //M3 - now @ 90,xxx km - wtf did i do?
'13 x1 - now @ 99,xxx km - a2b car
'10 x3 - now @ 123,xxx km - time 2 go?
'03 s2k - now @ 80,xxx km - a2a car
'08 535i - sold @ 149,421 km - cashed out just in time!
'08 impreza 2.5i - sold @ - 64,147 km - smh POS
'01 rav4 - killed @ 155,879 km - RIP old friend
"Driving in the snow is like sex. If you want to avoid accidents, abstinence is the best policy. If you're gonna take her for a spin, use protection." - Rick Mercer
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#8931447 - 01/31/17 03:40 PM
Re: Brampton vs. Barrie vs. Oshawa vs. Scarborough
[Re: Risky Business]
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JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29150
Loc: Toronto
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Yeah but then where are you going to go?
$1,888,888 is cheap no? I saw houses listed at major mac and markham Rd listed just under $2m. pretty much $1.3 isn't gonna get you much (in a desirable area)...maybe a fixer upper.
<---- triggered. The anger of this stupid market continues to build.
_________________________
-Jeff
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#8931738 - 01/31/17 07:59 PM
Re: Brampton vs. Barrie vs. Oshawa vs. Scarborough
[Re: Risky Business]
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JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29150
Loc: Toronto
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No point in buying now the math doesn't make sense at this point. You can rent for 25 years at these prices and come out way ahead. Regular people can't afford it already hence the low inventory because they can't afford the next move unless they go to Timbuktu.
Could I buy one of these homes if I go in aggressive an overpay ? Sure but I'll be working for my home for no reason for that point.
What regular people can afford a 1.3 million dollar home (regular being the average family). Pretty much nobody unless you're utilizing a home sale that is part of the bubble/game. There are fewer of those right now.
I should have bought a few years ago but didn't so here we are. My job level and income has changed in that time so the houses I was looking at changed. Now it seems going backwards due to the rediculous game known as the Ontario housing market haha (oh and add the tons of taxes being implemented on the regular public).
Yet we are a tax haven for foreign investment and mortgage rules and cmhc are getting higher and tougher - that has zero impact on the people driving this market and just makes it harder on the regular family.
It's got to correct at some point - hell, people are now looking to Hamilton just because of its affordability and even there is going up stupid amounts because of it. It's one of the few places "regular people" can still afford.
_________________________
-Jeff
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#8931752 - 01/31/17 08:10 PM
Re: Brampton vs. Barrie vs. Oshawa vs. Scarborough
[Re: JEFFOS]
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Choco 'Nuck
Proud Member of BLM
Post Master Supreme
Registered: 07/10/01
Posts: 17568
Loc: Somewhere out there
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regular as in what? A condo downtown is 500, and regular people are buying those. If you are upgrading to a 1.3 mill house from that, it seems plausible. Risky bought his place for over 500k IIRC, and he could easily sell it now for 1.2, and move to a 1.8888mil place. Obivously he won't because he's in a white enclave.
My point is the housing market has different price points for different people. everybody gets a turn 
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#8931762 - 01/31/17 08:16 PM
Re: Brampton vs. Barrie vs. Oshawa vs. Scarborough
[Re: Choco 'Nuck]
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JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29150
Loc: Toronto
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If you really believe myself or Risky are positioned in the regular bucket for jobs and income you're crazy man.
Think about the family that pulls in 75k all in - that's the average. Downtown condo in the heart of the city expensive? I get that.
Imagine they are 22-28 and are buying their first home after renting? How does it work.
For every 1 dollar of disposable income made we are sitting around 1.65 of debt. The USA market was 1.29 before their crash (give or take a couple of cents as I'm pulling this from the top of my head)
That's a problem. If you don't see the puzzle pieces in front of you regardless of who buys what I don't know what to tell you.
I'm not worried for me I can buy one of those condos tomorrow but overall for the market and for the bulk of the public this going to be (already is) a big problem. Most people that own now that are normal people are in house debt up to their eyeballs - what if the economy takes a bigger fall and they lose a job for 1-3 months? Default on mortgage? What if the rate goes up 2-3%? Default?
Most regular people are lucky if they hit 6 figures - in this market it doesn't afford you much of a detached home.
It's a real problem for Canada and Ontario as a whole. The tax the implemented in BC made housing slow down almost immediately - that's a very real indicator there is a problem and we just accelerated the one here with it by not doing the same.
_________________________
-Jeff
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#8931775 - 01/31/17 08:26 PM
Re: Brampton vs. Barrie vs. Oshawa vs. Scarborough
[Re: JEFFOS]
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JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29150
Loc: Toronto
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See told you - triggered.
In another time I should be rolling around in a new 911 as a toy car but here it allows me to buy a normal house lol wtf. Yes yes first world problems but it's still bullshiet
_________________________
-Jeff
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#8931969 - 01/31/17 10:08 PM
Re: Brampton vs. Barrie vs. Oshawa vs. Scarborough
[Re: Choco 'Nuck]
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Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44792
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regular as in what? A condo downtown is 500, and regular people are buying those. If you are upgrading to a 1.3 mill house from that, it seems plausible. Risky bought his place for over 500k IIRC, and he could easily sell it now for 1.2, and move to a 1.8888mil place. Obivously he won't because he's in a white enclave. My point is the housing market has different price points for different people. everybody gets a turn
I'd love to see you buy a house in this market when you were in your early 30's, so much advice, so far removed from reality that I am actually starting to get concerned.
If that was the case you'd be neighbours with The Postman and commuting to downtown from Binbrook with Via rail followed by Go train.
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#8932092 - 02/01/17 06:25 AM
Re: Brampton vs. Barrie vs. Oshawa vs. Scarborough
[Re: Risky Business]
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Choco 'Nuck
Proud Member of BLM
Post Master Supreme
Registered: 07/10/01
Posts: 17568
Loc: Somewhere out there
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We aren't talking about this market though, you bought five years ago, and you weren't even 30 yet. Jeff could have bought/sold and upgraded too and he'd probably be in the house hes looking at now. Like I've been telling Euphoric, you can't out-save this market. Average detached home in Toronto went up 11.8%/yr. You aren't out-saving that rate of appreciation.
I get it, family pulling in less than 100k is renting, or living in binbrook. Thats not what the Toronto housing market is about at this stage. Jeff is taking an earnings to debt ratio for all of Canada and applying it to the Toronto market.
Look at the ups and downs of the historical market
Anway, you could always come out east and get some free potassium iodide pills like the rest of us who can't afford that M postal code 
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#8932121 - 02/01/17 07:25 AM
Re: Brampton vs. Barrie vs. Oshawa vs. Scarborough
[Re: Choco 'Nuck]
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Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44792
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l el
Your entire argument revolves around the assumption that 5 years ago, 3 years ago, 1 year ago we all knew as FACT that the market would only keep growing at double digits.
If we all knew this I am sure we would've purchased homes in a completely different manner. I'd buy as much home in the most desirable area and just swim in debt knowing I'd cash out big time...NO ONE KNEW the market is going to continue to be so stupid hence why some waited (sucks, but they had legitimate reason to), others bought and got lucky, etc, etc. I mean I can sit here and dwell when my buddy and I were this >.< close to buying a place in forest hill from our buddy's grandparents at the time (2014) for 1.3M. We got cold fee because we were both stretching ourselves thin so after inspection/financing all done we backed out. They sold the house on the market then, now it just resold for $2.3M.
Could've made $1m in 2 years....BUT I DIDN'T HAVE YOUR CRYSTAL BALL!!!
Since maybe 2014 we passed the equilibrium when it even makes sense to buy (unless of course we assume we continue at this trajectory). Doesn't make sense, let alone now in 2017 if you don't have another inflated property you are selling to move to something else you are fucked.
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#8932125 - 02/01/17 07:30 AM
Re: Brampton vs. Barrie vs. Oshawa vs. Scarborough
[Re: Risky Business]
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spd-dmn
Post Master
Registered: 11/24/04
Posts: 2271
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#8932137 - 02/01/17 07:47 AM
Re: Brampton vs. Barrie vs. Oshawa vs. Scarborough
[Re: spd-dmn]
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Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44792
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