Contrary to popular belief, it sucks being a realtor right now, probably one of the shittiest times...so I am definitely not lollin'

Give me a balanced market any day.

I wouldn't worry about kitec too much.

Does the condo have plans to replace it? Most importantly who does replacement fall on? some condos leave it to the individual unit holders, others do it methodically floor by floor.

Bonus points if the unit above you has had it replaced, in this market you can shit on the floor and it will sell. That being said kitec can be derisked, more important that you have a clean status.

I wrote that all jacked up.

Owners are on the hook, what I've seen done different is the condo corp will either pick a contractor and then schedule repairs throughout the whole building and you just get a notice when they are coming or they will set a date into the future and tell owners to have it replaced by said date by an approved contractor. Out of pocket.

Liberty Village has a bunch of these buildings, I usually try to find out it units above have been switched out, then if you are below it's not a big deal.

A lot of the replacements got put on hold because of covid, but should be underway now.

In the end condo floods are a rite of passage, kitec or not, it will happen eventually.

Had a client unit on the 19th floor get flooded right before listing from a unit that flooded on the 27th floor.

My own condo unit flooded 2 months ago from the idiot upstairs. Neither have kitec lol

I think it's not a problem until it is. My MIL manages the condo for us in Toronto and argues that even though there's a mortgage that only the tenant needs insurance. I believe this to be wrong. Fortunately no other units were affected, the issue from the leak has been fixed and they have water again. I agree Kitec isn't an issue, until it is.

I had a leak once to the unit below it was that the toilet brush was knocked over and just touching the cheap toilet (non rubber gasket type) toilet feed line and it caused it to drip for days and run down around the base of the toilet. Not kitec either...

One of my houses is all PEX, and another is all CPVC which turns brittle. The CPVC is easy to work but I've made 4 repairs.

I am not lolling shit, some stuff firms up, some is up in the air.

If the market was normal it would be way easier, i have plenty of clients that can't afford to move up so everyone is just sitting in houses they don't like because they can't afford to move up. Count your blessings if your place is adequate, trying raising a newborn in 500 sq. ft. while working from home

Only people lolling are the downsizing boomers working with boomer agents and people dumping extra properties they own to capitalize on the crazy market.

Everyone else is fucked

On the buy side it's fucked, have a good number of investor type of clients that love condos which is my specialty...that no longer makes sense, almost impossible to find good condo deals. Still doable, but unless you are an end user as an investor doesn't make sense.

The big wins will be in buying old freehold I think, if inclusionary zoning goes through old freeholds on big lots will absolutely rip your face off in terms of appreciation. Imagine tearing down a bungalow to build a legal 4 plex instead of a mcmansion, the linear front foot cost will likely double. Markham is sitting at 30k/linear foot right now for cookie cutter 25' lots.

Rates up by .25%

interest rates go up tmw? I hope so and frankly I cannot wait.

I hope they will increase it quickly rather than gradually on a quarterly basis or whenever they feel like it.

I'm curious as to your eagerness

Sounds like bitterness!

In what sense?

I have family in Ukraine and Russia.

Family in Ukraine had their town taken over a couple of days ago, Russians planted flag and moved on. Second set of relatives had some shelling, a bit of resistance, everything is closed including hospitals and police station. Grocery store open limited hours, just found out they had extra shelling there in Sumy, Ukraine.

Relatives in Russia are raging about what's happening, Putin never gave a fuck about his people/does what dictators do. My uncle in Moscow is likely trying to get out of Russia (can't be reached laying low - works for one of the oligarch gas companies), other relatives without means just staying put, likely going to get starved out.


So my issues are: can't sleep, stress, etc /CN

I have my reasons to be. Frankly, even w/ my new job that came w a 30% pay increase and I still can't get ahead. Wife and I can't even get a house as we kept on getting outbid by hundreds of thousands of dollars. We gave up on house hunting in the summer of 2021.

So yeah, crank the interest rate way up.

In what sense?

I have family in Ukraine and Russia.

Family in Ukraine had their town taken over a couple of days ago, Russians planted flag and moved on. Second set of relatives had some shelling, a bit of resistance, everything is closed including hospitals and police station. Grocery store open limited hours, just found out they had extra shelling there in Sumy, Ukraine.

Relatives in Russia are raging about what's happening, Putin never gave a fuck about his people/does what dictators do. My uncle in Moscow is likely trying to get out of Russia (can't be reached laying low - works for one of the oligarch gas companies), other relatives without means just staying put, likely going to get starved out.


So my issues are: can't sleep, stress, etc /CN

I have my reasons to be. Frankly, even w/ my new job that came w a 30% pay increase and I still can't get ahead. Wife and I can't even get a house as we kept on getting outbid by hundreds of thousands of dollars. We gave up on house hunting in the summer of 2021.

So yeah, crank the interest rate way up.