#4573432 - 03/07/10 08:16 PM
Re: housing market in mississauga is just retarded!
[Re: JEFFOS]
|
c2k
Post Master Supreme
Registered: 05/21/00
Posts: 19349
Loc: Wiesloch-Walldorf, Germany
|
when my rents bought their first house in sauga in 80 something it was about 340k.
similar house on that street just went for 680k. My parents bought theirs for under 200k in about 85. Houses on the same street (they're nice and fairly new mind you) are in the 1-1.5 Mil range lol. Take about appreciation.
Lucky.
We were born in the wrong generation. 
_________________________
Who cares
|
|
Top
|
|
|
|
|
#4573584 - 03/07/10 09:34 PM
Re: housing market in mississauga is just retarded!
[Re: Alexandre]
|
xza8
Sr Member
Registered: 12/18/09
Posts: 1065
|
The market is far too hot right now to be getting in, if you can hold off on your purchase then do so. This trend won't keep going for much longer, i assure you.
That is what they said many years ago and during the recession... but Markham is still going up
|
|
Top
|
|
|
|
|
#4573596 - 03/07/10 09:42 PM
Re: housing market in mississauga is just retarded!
[Re: JEFFOS]
|
Euphoricuck
Post Master Supreme
Registered: 11/05/03
Posts: 92703
Loc: Canadistan
|
when my rents bought their first house in sauga in 80 something it was about 340k.
similar house on that street just went for 680k. My parents bought theirs for under 200k in about 85. Houses on the same street (they're nice and fairly new mind you) are in the 1-1.5 Mil range lol. Take about appreciation.
i could be off a bit on my initial purchase price and who knows the condition of the sold house but the numbers are still close enough. and its right in the heart of the baller area so i think thats why the growth wasnt nearly as high as some other areas...because its a pocket of normal houses among huge ones.
its still retarded though.
_________________________
|
|
Top
|
|
|
|
|
#4573598 - 03/07/10 09:43 PM
Re: housing market in mississauga is just retarded!
[Re: Alexandre]
|
Euphoricuck
Post Master Supreme
Registered: 11/05/03
Posts: 92703
Loc: Canadistan
|
I want to stay here because I love it. You think it's bad, and I think Mississauga is fucking brutal, you have to drive EVERYWHERE. You have traffic and no way of avoiding it, i mean what normal street requires two turning lanes, that to me is fucked. It's different strokes for different folks. Regardless, the way i see my life unfold i will probably have to live in the 905 as most jobs that require my skillset are in the 905, same applies to my gf.
its very similar. depending on where in sauga you are you may or may not have stores within walking distance. same for many parts of toronto.
_________________________
|
|
Top
|
|
|
|
|
#4573608 - 03/07/10 09:48 PM
Re: housing market in mississauga is just retarded!
[Re: c2k]
|
Euphoricuck
Post Master Supreme
Registered: 11/05/03
Posts: 92703
Loc: Canadistan
|
when my rents bought their first house in sauga in 80 something it was about 340k.
similar house on that street just went for 680k. My parents bought theirs for under 200k in about 85. Houses on the same street (they're nice and fairly new mind you) are in the 1-1.5 Mil range lol. Take about appreciation. Lucky. We were born in the wrong generation.
_________________________
|
|
Top
|
|
|
|
|
#4573610 - 03/07/10 09:50 PM
Re: housing market in mississauga is just retarded!
[Re: Euphoricuck]
|
Alexandre
Wish I could have my old name back
Post Master Supreme
Registered: 04/28/05
Posts: 15457
Loc: Toronto
|
I want to stay here because I love it. You think it's bad, and I think Mississauga is fucking brutal, you have to drive EVERYWHERE. You have traffic and no way of avoiding it, i mean what normal street requires two turning lanes, that to me is fucked. It's different strokes for different folks. Regardless, the way i see my life unfold i will probably have to live in the 905 as most jobs that require my skillset are in the 905, same applies to my gf. unless you live downtown you are driving everywhere in toronto to. its very similar. depending on where in sauga you are you may or may not have stores within walking distance. same for many parts of toronto.
_________________________
WTF?  
|
|
Top
|
|
|
|
|
#4573707 - 03/07/10 10:35 PM
Re: housing market in mississauga is just retarded!
[Re: loudsubz]
|
c2k
Post Master Supreme
Registered: 05/21/00
Posts: 19349
Loc: Wiesloch-Walldorf, Germany
|
really?....
erin mills was your secret place you didn't want o mention in your other posts?
I don't feel too bad that I paid $270 for a fully detahced hom in mississauga with a deep backyard.
Im still not gonna live in meadowvale, cooksville, creditwoodland, clarkson, malton, etc and I'd only consider living in erin mills, port credit and lorne park - that's it.
_________________________
Who cares
|
|
Top
|
|
|
|
|
#4573715 - 03/07/10 10:37 PM
Re: housing market in mississauga is just retarded!
[Re: SilverSiR2]
|
Euphoricuck
Post Master Supreme
Registered: 11/05/03
Posts: 92703
Loc: Canadistan
|
they aren't really good vehicles of investment.
_________________________
|
|
Top
|
|
|
|
|
#4574122 - 03/08/10 08:12 AM
Re: housing market in mississauga is just retarded!
[Re: c2k]
|
loudsubz
Post Master Supreme
Registered: 08/16/01
Posts: 11345
Loc: Ontario, Canada
|
really?....
erin mills was your secret place you didn't want o mention in your other posts?
I don't feel too bad that I paid $270 for a fully detahced hom in mississauga with a deep backyard. Im still not gonna live in meadowvale, cooksville, creditwoodland, clarkson, malton, etc and I'd only consider living in erin mills, port credit and lorne park - that's it.
yes -- -- because Lorne Park is the same as Erin Mills ZING!
I thought when you were being so secretive it was a really desirable area...fooled me
|
|
Top
|
|
|
|
|
#4574188 - 03/08/10 08:45 AM
Re: housing market in mississauga is just retarded!
[Re: loudsubz]
|
Choco 'Nuck
Proud Member of BLM
Post Master Supreme
Registered: 07/10/01
Posts: 17571
Loc: Somewhere out there
|
House prices since 1953. look at the correction in the late 80's, and where we are now. Population keeps growing, and new construction within the GTA can't keep up. Limited space, zoning constraits etc. economics 101, supply does not meet demand
Bear in mind this is tax free, I don't think you can say the same for the stock market
|
|
Top
|
|
|
|
|
#4574202 - 03/08/10 08:53 AM
Re: housing market in mississauga is just retarded!
[Re: Alexandre]
|
BISH0P
Step Up Babysitter
Post Master Supreme
Registered: 02/10/02
Posts: 20579
Loc: Toronto
|
Come on Vas, it's fucking Davisville, you have to expect crazy prices in the residential Yonge and Eg area.
Wife and I were driving around between Leslie and Don Mills between Lawrence and York Mills. This is my ideal neighbourhood that I would live and die in. Quiet streets, nice sized lots and still close enough to everything.
I met up with a realtor during the homeshow a few weeks back who put me on her dist list for houses in that area, they come up so rarely that you would have to do a buy first sell later just to get it quick.
This is not exactly in the area but still a decent house for the same price as what you have above:
http://www.torontomls.net/PublicWeb/CL_PM.asp?link_no=151765259.495300&t=p&fm=F
|
|
Top
|
|
|
|
|
#4574236 - 03/08/10 09:06 AM
Re: housing market in mississauga is just retarded!
[Re: Alexandre]
|
Choco 'Nuck
Proud Member of BLM
Post Master Supreme
Registered: 07/10/01
Posts: 17571
Loc: Somewhere out there
|
Too bad it doesn't go until 2010.
Wayne that graph takes into account appreciation only, an equity or fixed income security doesn't require property taxes, upkeep, a new roof, etc. There are no maintenance costs. On the flip side, a stock doesn't provide shelter like a house does. It's a dumb comparison imo to compare stock vs. house. We all NEED a house, we don't need stock.
No, but upon disposition of an equity, you have to pay capital gains taxes. Also, you are gambling that particular equity appreciates at all. (unless you aer talking bluechip). If you invest in mutual funds, then you have the MER, ETFs are a faily recent thing, so I don't think you could have invested in them in the 50s.
I'm not saying that you should invest in realestate over the market, all I'm saying is that if you have to buy a house to live, chances are it'll be a smart investment.
|
|
Top
|
|
|
|
|
#4574279 - 03/08/10 09:28 AM
Re: housing market in mississauga is just retarded!
[Re: robbbby]
|
Lafora
Post Master Sr
Registered: 12/16/01
Posts: 4623
|
ugh dude, do you do your homework? HST applies to "new" builds only. For all other real estate transaction HST is only to be paid on services provided by lawyers/inspectors/etc which isn't much by any amount.
i didn't realize that it was for only new homes, that is why i put a bunch of question marks when I brought it up. good to know though.
It applies to all the fees if you buy resale. The price itself is exempt from HST, but not the legal and closing fees and such.
|
|
Top
|
|
|
|
|
#4574300 - 03/08/10 09:34 AM
Re: housing market in mississauga is just retarded!
[Re: Lafora]
|
Alexandre
Wish I could have my old name back
Post Master Supreme
Registered: 04/28/05
Posts: 15457
Loc: Toronto
|
ugh dude, do you do your homework? HST applies to "new" builds only. For all other real estate transaction HST is only to be paid on services provided by lawyers/inspectors/etc which isn't much by any amount.
i didn't realize that it was for only new homes, that is why i put a bunch of question marks when I brought it up. good to know though. It applies to all the fees if you buy resale. The price itself is exempt from HST, but not the legal and closing fees and such.
O'rly? Did you read what i wrote?
_________________________
WTF?
|
|
Top
|
|
|
|
|
#4574356 - 03/08/10 09:56 AM
Re: housing market in mississauga is just retarded!
[Re: Screamin' Type-R]
|
civiclvr
Post Master Sr
Registered: 03/11/02
Posts: 3922
Loc: DFGland
|
Well, I've never lived downtown Toronto, so I have no desire to be there. I've always lived in the 'burbs - grew up in Rexdale, moved to Brampton, and now Mississauga so I'm used to driving anywhere to shop, eat, etc.
We really wanted to be in certain areas of Mississauga, and were looking in the same area as the OP - Erin Mills area (near Erin Mills Town Centre, although east of Erin Mills Parkway), but that get's near the Chase and no homes in there for under $600K. We also like Credit Pointe area, but again too $$$ and inventory was very low. The final area, and where we eventually bought, was in the Grand Highland area. Paid slightly over our budget, but we love being here. It's central to everything we need and do in Mississauga, and it's where we used to spend all of our time on the weekend, even when we lived up in Brampton (we never spent much time in Brampton, except when we were at home). And it's a plus being close to the 403 and 401 and, for the handful of times a year we actually go downtown, I can be there in 25 minutes (on a weekend - no traffic).
_________________________
--------------------------------------------------
I have only been wrong once in my life and that was when I thought I had made a mistake.
|
|
Top
|
|
|
|
|
#4574357 - 03/08/10 09:57 AM
Re: housing market in mississauga is just retarded!
[Re: Screamin' Type-R]
|
RTB
Post Master Sr
Registered: 09/09/02
Posts: 6952
|
It's a great time to downsize. Just sold my T/H on Hurontario about a month back. Had 40 viewings and 6 offers -well- over asking price in one weekend. Was going to shack up w. the 'rents 'till the perfect place popped up, but I found it and am now spending close to 300k for a CONDO.
A friend of mine is also downsizing, and is having a blast putting offers on places (NOT). Tonnes going for well over asking with no home inspection (crazy on anything more than 5yrs old IMO). There are just so many buyers for semis and large towns there are heards of people going from place to place as soon as they go up for sale.
There will be a lot more stuff for sale in Mississauga in the coming months. With more availability hopefully for buyers there won't be rediculous bidding wars. There will also be a lot of shit holes that will go for sale 'cuz "something similar" was sold down the street for XXX dollars.
Good luck
Edited by RTB (03/08/10 09:58 AM)
|
|
Top
|
|
|
|
|
#4574686 - 03/08/10 11:52 AM
Re: housing market in mississauga is just retarded!
[Re: loudsubz]
|
c2k
Post Master Supreme
Registered: 05/21/00
Posts: 19349
Loc: Wiesloch-Walldorf, Germany
|
really?....
erin mills was your secret place you didn't want o mention in your other posts?
I don't feel too bad that I paid $270 for a fully detahced hom in mississauga with a deep backyard. Im still not gonna live in meadowvale, cooksville, creditwoodland, clarkson, malton, etc and I'd only consider living in erin mills, port credit and lorne park - that's it. yes -- -- because Lorne Park is the same as Erin Mills ZING! I thought when you were being so secretive it was a really desirable area...fooled me
my townhousee in Erin Mills and I will continue to stay in Erin Mills for as long as I live.
_________________________
Who cares
|
|
Top
|
|
|
|
|
#4574812 - 03/08/10 12:42 PM
Re: housing market in mississauga is just retarded!
[Re: Alexandre]
|
Lafora
Post Master Sr
Registered: 12/16/01
Posts: 4623
|
ugh dude, do you do your homework? HST applies to "new" builds only. For all other real estate transaction HST is only to be paid on services provided by lawyers/inspectors/etc which isn't much by any amount.
i didn't realize that it was for only new homes, that is why i put a bunch of question marks when I brought it up. good to know though. It applies to all the fees if you buy resale. The price itself is exempt from HST, but not the legal and closing fees and such. O'rly? Did you read what i wrote?
No I didn't 
You forgot about this part on the new homes
"The HST will be applied on the purchase of new homes. However, homebuyers will be able to claim a rebate of some of the provincial portion of the tax for new homes priced up to $500,000. The rebate for new primary residences under $400,000 will be six percent of the purchase price (or 75 percent of the provincial portion of the tax), with the rebate amount reduced for homes priced between $400,000 and $500,000."
|
|
Top
|
|
|
|
|
#4574862 - 03/08/10 12:59 PM
Re: housing market in mississauga is just retarded!
[Re: c2k]
|
f22b-dohc
Post Master Supreme
Registered: 09/09/05
Posts: 11227
Loc: canadia
|
you love erin mills huh rich?
the post about mississauga and how you have to drive all over all the time; nah, 2 areas i lived in were not like that at all. there are ghettos areas that amenities are all walking distance.
some part of erin mills are like that. dixie/bloor is like that. close to buses to the subway station, groceries, schools, etc.
i live with the gf downtown and yes, if you go out, is "walking" distance to bars/lounges/ etc, china town
_________________________
JB weld is your friend
Chewbacca makes me yawn *Yawn*
"rolling -----on my 2.0, with the rag top down so my hair can blow..."
|
|
Top
|
|
|
|
Moderator: c2k, LNXGUY, TheRealCSnapper, The Mad Paki
|
Civic Type-R 2-Piece Rotors — $814 Front Pair! Made in England!
View EBC Rotors
ClubSi.com Shirts
|
|
|
