[Undead]

imho, condos will start growing again toward the end of next year or early 2022 when global herd immunity will be achieved and the feds kick immigration into over drive with super low interest rates remaining unchanged. I'm betting on it and buying a second condo next spring while the condo market is on pause.

Made good on my promise this weekend: snagged a nicely renovated 2 bedroom unit in a well maintained older building. Made a hefty down payment and we'll be able to keep up with the monthly payments on an aggressive amortization schedule (we're a relatively high income household). Our family's third property overall. Pretty much all in on this damn bubble after so many years of extreme frugality and cheap ass savers' mentality.

 

[slickpete83]

Considering buying a house in Toronto? | 22 Minutes​

funny parody

 

[PinkLucy]

I know someone who just sold a house in Guelph. They didn’t underprice, but there was still a bidding war and they did very well with the sale. So maybe Windsor?

 

[christiesplits]

$615,000 for a 2-br bungalow townhouse in Woodstock with an unfinished basement.

Source: Housesigma.com

 

[afransen]

A bungalow townhouse seems like an oxymoron.

 

[lenaitch]

A bungalow townhouse seems like an oxymoron.

Big advantage for older folks and others where stairs can be a barrier.

 

[Undead]

Looking to flip my family's cottage north of Barrie for a detached in Barrie. Any tips for syncing the two transactions as closely as possible?

 

[PinkLucy]

I would imagine things are selling quickly in Barrie, so find what you want, then list the one for sale and try for a closing date as close as possible to the one you are buying.

 

[afransen]

Ask for a longer closing on the cottage and go house shopping. Buyers probably would not mind closing on the cottage in late May or June.

 

[p_xavier]

Looking to flip my family's cottage north of Barrie for a detached in Barrie. Any tips for syncing the two transactions as closely as possible?

The best would close the house and if you can afford two mortgages sell the house after you move.

 

[Undead]

US Fed announced low interest rates until 2023. Confirms what we already knew, but RIP and good luck to new buyers. Prices will absolutely skyrocket between now and 2023. Think I'm going to hang on to the cottage for now until rates climb and I can grab that Barrie detached. Too many bidding wars going on right now like 2017 again.

 

[slickpete83]

^exactly with interest rates , good luck to everyone

Toronto families in 2023 ,

6 rooms into 1: morphing apartment packs 1100 sq ft into 420​

vs.

Toronto Singles in 2023

Simple life Manhattan: a 90-square-foot microstudio​

Manhattan shoebox apartment: a 78-square-foot mini studio​

 

[Undead]

^I don't know whether to laugh or cry lol

 

[Cryptopreneur]

Meh, saying prices will skyrocket until 2023 is really optimistic.

The only reason for the bidding wars is a lack of supply and make up for the beginning of last year.

Low interest rates doesn't eliminate the fact that you need a downpayment to buy.

And just because someone is paying $1.5m for a detached home in Queensville, doesn't mean the value is $1.5m.

 

[slickpete83]

^I don't know whether to laugh or cry lol

after you finish laughing & crying lol.... , pray for higher interest rates and pray for people to elect governments that will make it easier and cheaper to build more supply and get rid of all the red tape , also don't forget to pray for wage inflation as well haha..