You are not logged in. [Log In] ClubSi » Forums » Canada Regional » Ontario » dat real estate v.2021
Register User       Forum List       Calendar       FAQ      
Page 16 of 20 « First<1415161718>Last »
Topic Options
#10553038 - 03/07/24 03:33 PM Re: dat real estate v.2021 [Re: Big Tasty]
Happy Birthday Risk E. Business, esq. Offline
Provides a Great Work Environment.
Post Master Supreme


Registered: 05/17/10
Posts: 46301
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=
Top
#10553324 - 03/08/24 11:41 AM Re: dat real estate v.2021 [Re: Risk E. Business, esq.]
Simon_the_Pieman Offline
Post Master Sr


Registered: 08/13/01
Posts: 9515
Loc: The A
yeesh beauty renos
_________________________
"I'd love it if we did it... but I guess I'm a big skeptic on Canadians because so many are retarded as fuck." - 355-Si, 2020

Top
#10578999 - 05/22/24 10:22 AM Re: dat real estate v.2021 [Re: Simon_the_Pieman]
furball Offline
Post Master Sr


Registered: 09/24/03
Posts: 9572
Loc: Toronto, ON
https://finance.yahoo.com/news/bank-regulator-canada-warns-housing-144333249.html

 Quote:
Bank Regulator in Canada Warns of Housing-Payment Shock by 2026
Canada’s banking watchdog warned that many homeowners who took out mortgages when rates were near zero during the pandemic will soon face a reckoning as those loans renew.

The “payment shock” faced by some borrowers is among the most important risks currently in the financial system, according to the latest risk outlook from the Office of the Superintendent of Financial Institutions, released Wednesday.

The regulator said that 76% of outstanding residential mortgages as of February will be coming up for renewal by the end of 2026. Most worrisome are the 15% of mortgages that have variable rates with fixed payments. Some of those loans are negatively amortizing — that is, the regular payments no longer cover the full interest costs because rates have gone up so quickly, so the principal balance is increasing.
Top
#10579166 - 05/22/24 12:45 PM Re: dat real estate v.2021 [Re: furball]
Happy Birthday Risk E. Business, esq. Offline
Provides a Great Work Environment.
Post Master Supreme


Registered: 05/17/10
Posts: 46301
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.
Top
#10580871 - 05/27/24 02:44 PM Re: dat real estate v.2021 [Re: Risk E. Business, esq.]
LNXGUY Moderator Offline
Post Master Supreme


Registered: 08/06/00
Posts: 108258
Loc: Barrie, Ont,
Not looking forward to 2025 and my renewal.
_________________________
-Bill
The GN would OWN you, your children and your children's children.
Left foot, right foot, just keep moving!!! -Jeffrey P. Murphy


Top
#10583287 - 06/03/24 01:38 PM Re: dat real estate v.2021 [Re: LNXGUY]
furball Offline
Post Master Sr


Registered: 09/24/03
Posts: 9572
Loc: Toronto, ON

Top
#10583334 - 06/03/24 04:01 PM Re: dat real estate v.2021 [Re: furball]
Simon_the_Pieman Offline
Post Master Sr


Registered: 08/13/01
Posts: 9515
Loc: The A
https://www.realtor.ca/agent/2158124/aza...-ontario-m3b0a7
_________________________
"I'd love it if we did it... but I guess I'm a big skeptic on Canadians because so many are retarded as fuck." - 355-Si, 2020

Top
#10583497 - 06/04/24 08:31 AM Re: dat real estate v.2021 [Re: Simon_the_Pieman]
Happy Birthday Risk E. Business, esq. Offline
Provides a Great Work Environment.
Post Master Supreme


Registered: 05/17/10
Posts: 46301
desperate times, desperate measures.
Top
#10583571 - 06/04/24 11:19 AM Re: dat real estate v.2021 [Re: Risk E. Business, esq.]
LNXGUY Moderator Offline
Post Master Supreme


Registered: 08/06/00
Posts: 108258
Loc: Barrie, Ont,
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


Top
#10583624 - 06/04/24 02:19 PM Re: dat real estate v.2021 [Re: Simon_the_Pieman]
c2k Moderator Offline
Post Master Supreme


Registered: 05/21/00
Posts: 19342
Loc: Wiesloch-Walldorf, Germany
 Originally Posted By: Simon_the_Pieman
https://www.realtor.ca/agent/2158124/azadeh-namvarrad-1396-don-mills-rd-unit-b-121-toronto-ontario-m3b0a7


that's not the link to her onlyfans page
_________________________
Who cares

Top
#10583656 - 06/04/24 03:14 PM Re: dat real estate v.2021 [Re: LNXGUY]
Happy Birthday Risk E. Business, esq. Offline
Provides a Great Work Environment.
Post Master Supreme


Registered: 05/17/10
Posts: 46301
 Originally Posted By: LNXGUY
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.
Top
#10583669 - 06/04/24 04:03 PM Re: dat real estate v.2021 [Re: Risk E. Business, esq.]
SuPeR-MaRiO Offline
Post Master Sr


Registered: 06/28/01
Posts: 6301
Loc: Toronto, Ontario
Looks like she deleted her IG and only a day ago posted about hate in her DMs
Top
#10583670 - 06/04/24 04:04 PM Re: dat real estate v.2021 [Re: SuPeR-MaRiO]
SuPeR-MaRiO Offline
Post Master Sr


Registered: 06/28/01
Posts: 6301
Loc: Toronto, Ontario
And now her Realtor.ca profile is gone
Top
#10583894 - 06/05/24 08:47 AM Re: dat real estate v.2021 [Re: SuPeR-MaRiO]
Happy Birthday Risk E. Business, esq. Offline
Provides a Great Work Environment.
Post Master Supreme


Registered: 05/17/10
Posts: 46301
Probably suspended by RECO, dumbass agent. They will make an example out of her, brokerage dropped her.
Top
#10589241 - 06/18/24 06:05 AM Re: dat real estate v.2021 [Re: Risk E. Business, esq.]
furball Offline
Post Master Sr


Registered: 09/24/03
Posts: 9572
Loc: Toronto, ON
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)
Top
#10589578 - 06/18/24 11:36 PM Re: dat real estate v.2021 [Re: furball]
Hatorade Offline
pheggit
Post Master Supreme


Registered: 11/05/99
Posts: 26924
Loc: Toronto, ON
 Originally Posted By: furball
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/


Absolutely nothing she said is not already known. Water is wet y'all!!!
_________________________

'07 997.1 GT3
'08 E90 M3
'11 E90 d
'02 Rota Grid - 195-55-16FR (RIP)
'04 Volk GTC - 245-35-19F/275-35-19R (Sold to a farm boi)
I thought Spark was a robot from the old movie and I kind of remember seeing him telling some engineer showing the equation for a clear metal that the guy would event years later - porschetr

Top
#10589682 - 06/19/24 09:38 AM Re: dat real estate v.2021 [Re: Hatorade]
Happy Birthday Risk E. Business, esq. Offline
Provides a Great Work Environment.
Post Master Supreme


Registered: 05/17/10
Posts: 46301
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.
Top
#10589718 - 06/19/24 10:48 AM Re: dat real estate v.2021 [Re: Risk E. Business, esq.]
Big Tasty Offline
Post Master Supreme


Registered: 02/10/02
Posts: 20120
Loc: Toronto
Pay wall, what's the jist of it?
Top
#10589721 - 06/19/24 10:54 AM Re: dat real estate v.2021 [Re: Big Tasty]
Happy Birthday Risk E. Business, esq. Offline
Provides a Great Work Environment.
Post Master Supreme


Registered: 05/17/10
Posts: 46301
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.
Top
#10589768 - 06/19/24 11:45 AM Re: dat real estate v.2021 [Re: Risk E. Business, esq.]
Big Tasty Offline
Post Master Supreme


Registered: 02/10/02
Posts: 20120
Loc: Toronto
Thx, ya the same thing happened to my wife (before we met) when she got her first condo. Shortly after she moved in the condo fees went up by a substancial amount and it wasn't even a recent new build.
Top
#10589773 - 06/19/24 12:02 PM Re: dat real estate v.2021 [Re: Big Tasty]
Happy Birthday Risk E. Business, esq. Offline
Provides a Great Work Environment.
Post Master Supreme


Registered: 05/17/10
Posts: 46301
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.
Top
#10589915 - 06/19/24 07:46 PM Re: dat real estate v.2021 [Re: Risk E. Business, esq.]
Hatorade Offline
pheggit
Post Master Supreme


Registered: 11/05/99
Posts: 26924
Loc: Toronto, ON
Condos are sneaky. They will purposely suppress maint fee hikes for the first few years and then bam!!!

That's why it is so important to only buy with a reputable builder to mitigate risks.
_________________________

'07 997.1 GT3
'08 E90 M3
'11 E90 d
'02 Rota Grid - 195-55-16FR (RIP)
'04 Volk GTC - 245-35-19F/275-35-19R (Sold to a farm boi)
I thought Spark was a robot from the old movie and I kind of remember seeing him telling some engineer showing the equation for a clear metal that the guy would event years later - porschetr

Top
#10593220 - 06/27/24 10:52 PM Re: dat real estate v.2021 [Re: Hatorade]
JEFFOS Offline
Post Master Supreme


Registered: 01/27/00
Posts: 29176
Loc: Toronto
Also the maintenance contracts are a racket too. (Organized)
_________________________
-Jeff

Top
#10593269 - 06/28/24 06:29 AM Re: dat real estate v.2021 [Re: JEFFOS]
Happy Birthday Risk E. Business, esq. Offline
Provides a Great Work Environment.
Post Master Supreme


Registered: 05/17/10
Posts: 46301
^ I know someone who owns one of those companies, drives an Aventador lol
Top
#10593627 - 06/28/24 09:19 PM Re: dat real estate v.2021 [Re: Risk E. Business, esq.]
Hatorade Offline
pheggit
Post Master Supreme


Registered: 11/05/99
Posts: 26924
Loc: Toronto, ON
 Originally Posted By: Risky Business
^ 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
_________________________

'07 997.1 GT3
'08 E90 M3
'11 E90 d
'02 Rota Grid - 195-55-16FR (RIP)
'04 Volk GTC - 245-35-19F/275-35-19R (Sold to a farm boi)
I thought Spark was a robot from the old movie and I kind of remember seeing him telling some engineer showing the equation for a clear metal that the guy would event years later - porschetr

Top
#10595116 - 07/03/24 01:38 PM Re: dat real estate v.2021 [Re: Hatorade]
furball Offline
Post Master Sr


Registered: 09/24/03
Posts: 9572
Loc: Toronto, ON
This guy posts a bunch of RE loss porn ... https://x.com/ShaziGoalie
Top
#10595305 - 07/04/24 06:44 AM Re: dat real estate v.2021 [Re: furball]
Happy Birthday Risk E. Business, esq. Offline
Provides a Great Work Environment.
Post Master Supreme


Registered: 05/17/10
Posts: 46301
I have him on mute, just ripped off content from reddit.
Top
#10595427 - 07/04/24 04:57 PM Re: dat real estate v.2021 [Re: Risk E. Business, esq.]
Happy Birthday Risk E. Business, esq. Offline
Provides a Great Work Environment.
Post Master Supreme


Registered: 05/17/10
Posts: 46301
here, some stats on the ongoing GTA housing "collapse"

https://youtu.be/1vHZ9SYxbfo?si=IqjGc7KhZiC62uC0
Top
#10600857 - 07/18/24 08:48 AM Re: dat real estate v.2021 [Re: Risk E. Business, esq.]
furball Offline
Post Master Sr


Registered: 09/24/03
Posts: 9572
Loc: Toronto, ON
https://www.instagram.com/p/C9fG8SFRxpR/

"19 people living in a 3 bedroom townhouse in Brampton"
Top
#10601259 - 07/18/24 02:33 PM Re: dat real estate v.2021 [Re: furball]
c2k Moderator Offline
Post Master Supreme


Registered: 05/21/00
Posts: 19342
Loc: Wiesloch-Walldorf, Germany
will someone please think of the real estate investors?!
_________________________
Who cares

Top
#10601787 - 07/19/24 11:07 AM Re: dat real estate v.2021 [Re: c2k]
Happy Birthday Risk E. Business, esq. Offline
Provides a Great Work Environment.
Post Master Supreme


Registered: 05/17/10
Posts: 46301

Top
#10602595 - 07/21/24 11:08 PM Re: dat real estate v.2021 [Re: Risk E. Business, esq.]
A2B-Lexus Offline
Post Master Supreme


Registered: 04/19/01
Posts: 45591
Loc: Raptors Land
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.
Top
#10602618 - 07/22/24 03:56 AM Re: dat real estate v.2021 [Re: A2B-Lexus]
Happy Birthday Risk E. Business, esq. Offline
Provides a Great Work Environment.
Post Master Supreme


Registered: 05/17/10
Posts: 46301
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.
Top
#10603765 - 07/23/24 09:19 PM Re: dat real estate v.2021 [Re: Risk E. Business, esq.]
A2B-Lexus Offline
Post Master Supreme


Registered: 04/19/01
Posts: 45591
Loc: Raptors Land
yeah....i can stomach under 5%. Some of my friends got 6% plus last year.
Top
#10603868 - 07/24/24 09:06 AM Re: dat real estate v.2021 [Re: A2B-Lexus]
Happy Birthday Risk E. Business, esq. Offline
Provides a Great Work Environment.
Post Master Supreme


Registered: 05/17/10
Posts: 46301
There you go, another cut
Top
Page 16 of 20 « First<1415161718>Last »


Moderator:  c2k, LNXGUY, TheRealCSnapper, Professor Paki 
Hop to:
Shout Box

CSi Sponsors


ClubSi.com Shirts
ClubSi-Shirts
GameStop
Black-Friday Specials
Big Brake Kits
StopTech.Sale BBK Clearance
Brake Kits
Buy Brake Kits
EBC Brake Kits
EBC Brake Kits
BuyBrakes
Brake Kits-Pads & Rotors Sets
StopTech Brake Kits
StopTech
StopTech NZ
StopTech
StopTech Australia
StopTech
Hawk Brake Pads
Hawk Brake Pads
Samys Camera
GoPros, Cameras, Gear
Brake Specials Near Me
Brake Specials Near Me
Brake Pad Coupons
Coupon Code "hondafetish"
Porsche Brakes
Porsche Brake Upgrades
2-Piece Rotors-Civic Type-R
2-Piece Civic Rotors
Advertisement
My Cookies · Mark all read Powered by DallasColo (Dallas Colocation services) Contact Us · ClubSi · Top

| Brake Pads | | How To Change Brake Pads | | Drilled Slotted Brake Kits Cheap | EBC Brake Kits | Performance Brake Kits | Brake Specials Near Me | How To Replace Brake Pads