There have been a few TH around that have sold. My area has gone up 30%+ over LY. That said we love the area and have no intentions to move, especially after doing the reno.

I am happy where I am now. House is everything I want, kids are settled in school and distance to work is good as well.

I would say if you are looking to move, do it before your kid(s) are in school so that can become part of your requirements in a new house/location. Get's more complicated the further along they are.

Now if you threw stupid money at me, well I could be persuaded.

Paper gains mean nothing if I still need a house to live in. If I sell, I still have to buy something else. If I had investment properties, I might consider selling, but I don't so it's moot.

Let's stop dodging the question, i want to know what CSi would do if someone dangled a carrot of whatever size to make them twitch. Be it half a mil, a mil, 2 mil, whatever.

What's your number and what do you do?

If you get 1M+ over what you paid, what do you do? Ignore and stay? Sell, if so what do you do about housing for the next 5 years? Rent?

If you get 1M+ over what you paid, what do you do? Ignore and stay? Sell, if so what do you do about housing for the next 5 years? Rent?

Depends where I need to access regularly be it work or in laws etc. Can I move where its cheaper and not affect quality of life? If not, just ignore and live there. Places I like to live (proper house) typically aren't reasonably priced rentals so that's not likely to work.

Paper gains mean nothing if I still need a house to live in. If I sell, I still have to buy something else. If I had investment properties, I might consider selling, but I don't so it's moot.

Met a couple recently who have sold out of their stocks (now in bonds and cash) and sold their home for +650k from where they bought. They will rent instead for less than the carrying costs of their home. If there's a crash, they'll buy back in.

If it doesn't, they'll have a hard time buying back into the housing market such that they may be renters for life.

If you get 1M+ over what you paid, what do you do? Ignore and stay? Sell, if so what do you do about housing for the next 5 years? Rent?

Hypothetical 5 year plan.

-Pay off Mortgage and debts.
-Put away for both children university education in full.
-Buy condo in university city where children are going. Rent out property(ies) in meantime.
-Move back in with in-laws, family or rent.
-Continue to make "mortgage payments' to high interest savings acct.
-Bank 1M and wait for market correction or crash, downsize and buy next property in cash.
-Live mortgage/debt free before 50.

Hypothetical 5 year plan.

-Pay off Mortgage and debts.
-Put away for both children university education in full.
-Buy condo in university city where children are going. Rent out property(ies) in meantime.
-Move back in with in-laws, family or rent.
-Continue to make "mortgage payments' to high interest savings acct.
-Bank 1M and wait for market correction or crash, downsize and buy next property in cash.
-Live mortgage/debt free before 50.
-buy yellow type R from zc911

Hypothetical 5 year plan.

-Pay off Mortgage and debts.
-Put away for both children university education in full.
-Buy condo in university city where children are going. Rent out property(ies) in meantime.
-Move back in with in-laws, family or rent.
-Continue to make "mortgage payments' to high interest savings acct.
-Bank 1M and wait for market correction or crash, downsize and buy next property in cash.
-Live mortgage/debt free before 50.

buddy at work, new baby and all trying badly to get into SOMETHING out of his basement rental. looking way out in whitby recently and had offer in last night on a place (ash st. i think?) - old ass townhome but ok shape inside...

asking $425k
offer $455k (they can't afford much after that)
sold for...........$620k (if you see the house, WHAT IN THE FUCK, and in whitby no less???)

chinese buyer (shocker ) like 6-7 ppl in the fam or whatever he mentioned lol.

sucks.

Yeah, I was watching that one
https://www.realtor.ca/PropertyDetails.aspx?PropertyId=17929507

It's absolutely nutty. Was told to expect 8 for my house.... 8 gets you a lot more house in different areas on Whitby.. why the fuck is my 1600sqft home at a price in line with 3000sqft houses with two garages and a lot more room.

Oshawa is the same shit now too. Even north oshawa....

New construction homes, offered in 2013 and completed in 2015, near Simcoe & Winchester, which is where Oshawa meets the 407 (aka 1hr to Toronto with zero traffic, unless you take 407 and then its 45-50mins)... were originally sold for 550ish new give or take.

Now selling for $1M.

dafuq