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Not In My Back Yard
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unbelievable - my sister lives in this subdivision, it was a normal, affordable neighbourhood when they bought in years ago. Federal committee meets on affordable housing this week, will be interesting to see if they address any of the GTA
 
severely undervalued areas soared due to the pandemic. That's really all it is. Proximity to downtown no longer matters which is what kept people at bay. A lot of condo dwellers decided to move into houses. Condo prices downtown haven't soared.
 
TheKingEast said:
severely undervalued areas soared due to the pandemic. That's really all it is. Proximity to downtown no longer matters which is what kept people at bay. A lot of condo dwellers decided to move into houses. Condo prices downtown haven't soared.
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yeah condos soaring as well
7 Grenville - Yonge + College
865 Sq Ft 3 bed with parking
Ask: 999,000
Sold: 1,289,000
= $1490/sqft
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But arguably condos appreciated a lot faster then homes in the 2016/16 <-> 2021 period, so this is more a leveling off.
 
slickpete83 said:
yeah condos soaring as well
7 Grenville - Yonge + College
865 Sq Ft 3 bed with parking
Ask: 999,000
Sold: 1,289,000
= $1490/sqft
View attachment 374540
Click to expand...
Gawd, I can’t imagine living in a tiny condo if I was still wfh. I go stir crazy in my comparatively spacious house.
 
^can you imagine living in a 400sqft studio at Keele & Dundas with no parking, regular height ceilings and having to pay +$650K pre con. for it 😲
 
Admiral Beez said:
Gawd, I can’t imagine living in a tiny condo if I was still wfh. I go stir crazy in my comparatively spacious house.
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We have a kid in an apartment that we bought a few years ago, and I wouldn't do it any differently today if I could afford it, but they are really making it hard to afford to raise a kid anywhere close to downtown.
 
evandyk said:
We have a kid in an apartment that we bought a few years ago, and I wouldn't do it any differently today if I could afford it, but they are really making it hard to afford to raise a kid anywhere close to downtown.
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As a young person sure, “slumming it“ is part of the adventure. But I’m 50, and need my space.
 
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