#10553038 - 03/07/24 03:33 PM
Re: dat real estate v.2021
[Re: Big Tasty]
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Riskhe Business
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 that's amazing
Speaking of real estate, i just lost in a bidding war on this property.
Probably one of the nicest renos I've seen in a while, definitely over renovated for the neighbourhood, but damn was this place top notch. Guy had a b7 RS4 in the garage too.
https://housesigma.com/bkv2/landing/root...um=desktop&ign=
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#10579166 - 05/22/24 12:45 PM
Re: dat real estate v.2021
[Re: furball]
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Same song and dance as every year.
Sellers in the GTA have proven resilient and buyers are still out there. There is going to be no shock when people have 2 years to do something about their renewal. I've already sold a couple properties where people were starting to drown.
Market is very much trading sideways now like it was in 2023, more or less this is our crash, rather than the annualized 8% appreciation we've been spoiled to see for the last 16 years.
Parts of Markham at all time highs, same with parts of Durham, the only real part of RE that's really in the shitter are downtown condos (commoditized units), the nice ones are still moving.
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#10580871 - 05/27/24 02:44 PM
Re: dat real estate v.2021
[Re: Riskhe Business]
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LNXGUY
Tougher than Logan Roy
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Loc: Barrie, Ont,
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Not looking forward to 2025 and my renewal.
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-Bill The GN would OWN you, your children and your children's children. Left foot, right foot, just keep moving!!! -Jeffrey P. Murphy 
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#10583287 - 06/03/24 01:38 PM
Re: dat real estate v.2021
[Re: LNXGUY]
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furball
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Registered: 09/24/03
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Loc: Toronto, ON
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#10583497 - 06/04/24 08:31 AM
Re: dat real estate v.2021
[Re: Simon_the_Pieman]
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desperate times, desperate measures.
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#10583571 - 06/04/24 11:19 AM
Re: dat real estate v.2021
[Re: Riskhe Business]
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LNXGUY
Tougher than Logan Roy
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Loc: Barrie, Ont,
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Two houses just sold in my neighbourhood. Not surprised they sold within 2-3 days, popular place to be apparently and not a lot of houses come up for sale here. I believe both sold for 950k.
_________________________
-Bill The GN would OWN you, your children and your children's children. Left foot, right foot, just keep moving!!! -Jeffrey P. Murphy
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#10583656 - 06/04/24 03:14 PM
Re: dat real estate v.2021
[Re: LNXGUY]
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Two houses just sold in my neighbourhood. Not surprised they sold within 2-3 days, popular place to be apparently and not a lot of houses come up for sale here. I believe both sold for 950k.
Lucky sellers, it's cooling off quickly here, pocket dependent, but overall the GTA is slowing down faster than seasonal.
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#10583669 - 06/04/24 04:03 PM
Re: dat real estate v.2021
[Re: Riskhe Business]
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SuPeR-MaRiO
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Registered: 06/28/01
Posts: 6223
Loc: Toronto, Ontario
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Looks like she deleted her IG and only a day ago posted about hate in her DMs
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#10583894 - 06/05/24 08:47 AM
Re: dat real estate v.2021
[Re: SuPeR-MaRiO]
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Riskhe Business
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Probably suspended by RECO, dumbass agent. They will make an example out of her, brokerage dropped her.
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#10589241 - 06/18/24 06:05 AM
Re: dat real estate v.2021
[Re: Riskhe Business]
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furball
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Registered: 09/24/03
Posts: 9542
Loc: Toronto, ON
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Interesting piece…” Sally Thompson, the author of Condo Questions and Answers: What you can do about the 40+ most common–and unexpected–condo problems, is a civil engineer”
https://www.theglobeandmail.com/real-est...ondo-ownership/
Edited by furball (06/18/24 06:07 AM)
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#10589682 - 06/19/24 09:38 AM
Re: dat real estate v.2021
[Re: Hatorade]
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Thanks for the article, I ordered the book and will read it. Reached out to author to see if she will do a long form interview for my YT channel.
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#10589721 - 06/19/24 10:54 AM
Re: dat real estate v.2021
[Re: Big Tasty]
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Riskhe Business
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People are completely unaware of the risks with condos, she touches on new builds vs old builds from an engineering perspective like what the differences are in parking garages based on changes in construction code, where the risks are based on age of building. She talks about how maintenance fees are severely understated with new builds and then people get shocked when they go up 50%+ in the first 3 years post occupancy (this is well known in industry), etc.
Pretty interesting and she is an engineer so for me I've always wanted to know that perspective. I've also thought about starting a company that provides condo grading for clients. Let's say you want to buy in a certain building, as part of your DD you can pay for a 'grading' so you know how the building in its current form stacks up to the competition as its all relative. Pretty certain people will pay for it, just a matter of finding the time/partner to pull all the data/framework around it.
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#10589773 - 06/19/24 12:02 PM
Re: dat real estate v.2021
[Re: Big Tasty]
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Riskhe Business
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Things are much much worse now, but it's all hush hush. If you are public about any condo downtown the condo boards will send you a cease and desist letter from their law firm within 48 hours.
When it comes to condos you better be working with someone who knows these in and out.
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#10593220 - 06/27/24 10:52 PM
Re: dat real estate v.2021
[Re: Hatorade]
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JEFFOS
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Loc: Toronto
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Also the maintenance contracts are a racket too. (Organized)
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#10593269 - 06/28/24 06:29 AM
Re: dat real estate v.2021
[Re: JEFFOS]
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Riskhe Business
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^ I know someone who owns one of those companies, drives an Aventador lol
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#10593627 - 06/28/24 09:19 PM
Re: dat real estate v.2021
[Re: Riskhe Business]
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Hatorade
pheggit
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Registered: 11/05/99
Posts: 26910
Loc: Toronto, ON
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^ I know someone who owns one of those companies, drives an Aventador lol
Poor guy. If business was blooming he would be in a contach LPI 800-4 :P
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#10595116 - 07/03/24 01:38 PM
Re: dat real estate v.2021
[Re: Hatorade]
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furball
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Registered: 09/24/03
Posts: 9542
Loc: Toronto, ON
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This guy posts a bunch of RE loss porn ... https://x.com/ShaziGoalie
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#10595305 - 07/04/24 06:44 AM
Re: dat real estate v.2021
[Re: furball]
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Riskhe Business
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I have him on mute, just ripped off content from reddit.
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#10601787 - 07/19/24 11:07 AM
Re: dat real estate v.2021
[Re: c2k]
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#10602595 - 07/21/24 11:08 PM
Re: dat real estate v.2021
[Re: Riskhe Business]
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A2B-Lexus
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Registered: 04/19/01
Posts: 45578
Loc: Raptors Land
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My mortgage of 2.65% is coming due Sept. 
TD called and suggest I renew like 5 days before expiry...they are offering 3 year fixed for 4.9%...my coworker who is with RBC seems to be at around that as well.
Not holding my breath but I think 3 years fixed and under 5 is where I will be.
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#10602618 - 07/22/24 03:56 AM
Re: dat real estate v.2021
[Re: A2B-Lexus]
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3 year fixed uninsured under 5%? That's pretty good!
3 year mortgages seem to offer the best value, I took a 3 year as well.
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#10603765 - 07/23/24 09:19 PM
Re: dat real estate v.2021
[Re: Riskhe Business]
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A2B-Lexus
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Registered: 04/19/01
Posts: 45578
Loc: Raptors Land
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yeah....i can stomach under 5%. Some of my friends got 6% plus last year. 
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#10603868 - 07/24/24 09:06 AM
Re: dat real estate v.2021
[Re: A2B-Lexus]
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Riskhe Business
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There you go, another cut
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