Page 2 of 3 <123>
Topic Options
#8119195 - 03/05/15 09:34 PM Re: Average price of Toronto detached home shoots past $1 mil [Re: JEFFOS]
Risky Business Offline
Provides a Great Work Environment. he/him
Post Master Supreme


Registered: 05/17/10
Posts: 44789
 Originally Posted By: SW20_MR2
It's not the average family that's buying these houses. It's not like someone that makes $69k can qualify for a mortgage on a house that expensive. The average family is buying the houses in Pickering, Ajax, or even farther areas away from the city. Or they're renting...


Don't tell this to Denis Si, his hate gland might explode.


 Originally Posted By: JEFFOS
No idea how the average family expects to afford this stuff.


It's not that hard if you enjoyed the upswing in the market.

My friends just bought a detached in R.Hill for $950k, they made 300k on their townhouse over the 8 years they owned it. Rolled all equity into that and their mortgage went up by 200k *only* compared to what they were paying for a townhome.

Top
#8119362 - 03/06/15 07:49 AM Re: Average price of Toronto detached home shoots past $1 mil [Re: Risky Business]
Denis Si Offline
Post Master


Registered: 04/11/01
Posts: 2798
Loc: T.O.
 Originally Posted By: Rinky Business
 Originally Posted By: SW20_MR2
It's not the average family that's buying these houses. It's not like someone that makes $69k can qualify for a mortgage on a house that expensive. The average family is buying the houses in Pickering, Ajax, or even farther areas away from the city. Or they're renting...


Don't tell this to Denis Si, his hate gland might explode.


 Originally Posted By: JEFFOS
No idea how the average family expects to afford this stuff.


It's not that hard if you enjoyed the upswing in the market.

My friends just bought a detached in R.Hill for $950k, they made 300k on their townhouse over the 8 years they owned it. Rolled all equity into that and their mortgage went up by 200k *only* compared to what they were paying for a townhome.


Why would my hate gland assplode? For me right now Ajax makes perfect sense. I work in Pickering, wife works in scrapboro. Do I think Durham region is ghetto? Fuck yes. Do I want to love in Rhill? Of course. But for now where else can I get 2600 2 car garage house for low 500?(600 now).

My next move will be a downgrade most likely into York region once my kid/kids to to school. For now I'm pretty happy

Top
#8119408 - 03/06/15 08:21 AM Re: Average price of Toronto detached home shoots past $1 mil [Re: Hatorade]
4age Offline
XD XD XD XD
Post Master Sr


Registered: 09/11/01
Posts: 3969
Loc: North York, Ontario, Canada
 Originally Posted By: Hatorade
 Originally Posted By: SuPeR-MaRiO
What i want to know is, who actually considers their home (ie primary residence) as an investment?


+1


i do.
it's a big purchase, and if done right, you have greater potential to make money on it. Why should that not be a factor? @_@

FWIW I'm in the process of selling the home, and have made 33% in a 4 year period. The last home we made 25% in just 1 year (!!!)
_________________________
http://dreamingin302ci.blogspot.ca/

XD XD XD XD

Top
#8119446 - 03/06/15 10:01 AM Re: Average price of Toronto detached home shoots past $1 mil [Re: 4age]
Euphoricuck Offline
Post Master Supreme


Registered: 11/05/03
Posts: 92703
Loc: Canadistan
thats including realtor fees, taxes(land transfer etc),maintenance, renos etc? or is this fairy tale math that omits all of that? XD
_________________________

Top
#8119450 - 03/06/15 10:03 AM Re: Average price of Toronto detached home shoots past $1 mil [Re: SW20_MR2]
Euphoricuck Offline
Post Master Supreme


Registered: 11/05/03
Posts: 92703
Loc: Canadistan
 Originally Posted By: SW20_MR2
It's not the average family that's buying these houses.
So who is buying?
_________________________

Top
#8119811 - 03/06/15 11:42 AM Re: Average price of Toronto detached home shoots past $1 mil [Re: Euphoricuck]
LNXGUY Moderator Offline
Post Master Supreme


Registered: 08/06/00
Posts: 106840
Loc: Barrie, Ont,
 Originally Posted By: Euphoric
thats including realtor fees, taxes(land transfer etc),maintenance, renos etc? or is this fairy tale math that omits all of that? XD


When it comes to this subject, why are your panties in such a twist? The guy made some $$$ off his previous house and will make some off this one. Are you going to tell him that there's no $$$ to be made in real estate and that he should probably just rent?
_________________________
-Bill
The GN would OWN you, your children and your children's children.
'09 E90 335d

Top
#8119843 - 03/06/15 11:53 AM Re: Average price of Toronto detached home shoots past $1 mil [Re: LNXGUY]
Euphoricuck Offline
Post Master Supreme


Registered: 11/05/03
Posts: 92703
Loc: Canadistan
It's a question that I asked him. Most don't include those costs and just compare value bought to value sold.

Sorry for asking questions on a discussion board.
_________________________

Top
#8119846 - 03/06/15 11:55 AM Re: Average price of Toronto detached home shoots past $1 mil [Re: LNXGUY]
Senor Eduardo_82 Offline
miataist
Post Master Supreme


Registered: 01/09/03
Posts: 38036
Loc: Ca�ada

Top
#8119849 - 03/06/15 11:55 AM Re: Average price of Toronto detached home shoots past $1 mil [Re: Euphoricuck]
c2k Moderator Offline
Post Master Supreme


Registered: 05/21/00
Posts: 19289
Loc: Wiesloch-Walldorf, Germany
 Originally Posted By: Euphoric
It's a question that I asked him. Most don't include those costs and just compare value bought to value sold.

Sorry for asking questions on a discussion board.


Since we are asking questions and I have a question for you. Are you paying your mortgage or are you renting?
_________________________
Who cares

Top
#8119857 - 03/06/15 12:01 PM Re: Average price of Toronto detached home shoots past $1 mil [Re: c2k]
Euphoricuck Offline
Post Master Supreme


Registered: 11/05/03
Posts: 92703
Loc: Canadistan
I live in rents basement for free.
_________________________

Top
#8119858 - 03/06/15 12:01 PM Re: Average price of Toronto detached home shoots past $1 mil [Re: c2k]
Screamin Type ARGH! Offline
High Value Poster
Post Master Supreme


Registered: 02/20/01
Posts: 47632
Loc: T.O. - Canaduh
http://internationalpropertydirectory.com/greenland/
_________________________

"Ban low performance drivers, not high performance cars"

Top
#8119871 - 03/06/15 12:05 PM Re: Average price of Toronto detached home shoots past $1 mil [Re: Euphoricuck]
c2k Moderator Offline
Post Master Supreme


Registered: 05/21/00
Posts: 19289
Loc: Wiesloch-Walldorf, Germany
 Originally Posted By: Euphoric
I live in rents basement for free.


#winningatlife
_________________________
Who cares

Top
#8119876 - 03/06/15 12:06 PM Re: Average price of Toronto detached home shoots past $1 mil [Re: c2k]
Euphoricuck Offline
Post Master Supreme


Registered: 11/05/03
Posts: 92703
Loc: Canadistan
I just woke up. Gotta log onto inforwars. Planning a protest on Gardiner.
_________________________

Top
#8119888 - 03/06/15 12:09 PM Re: Average price of Toronto detached home shoots past $1 mil [Re: Euphoricuck]
Screamin Type ARGH! Offline
High Value Poster
Post Master Supreme


Registered: 02/20/01
Posts: 47632
Loc: T.O. - Canaduh
_________________________

"Ban low performance drivers, not high performance cars"

Top
#8120067 - 03/06/15 01:14 PM Re: Average price of Toronto detached home shoots past $1 mil [Re: Euphoricuck]
4age Offline
XD XD XD XD
Post Master Sr


Registered: 09/11/01
Posts: 3969
Loc: North York, Ontario, Canada
 Originally Posted By: Euphoric
thats including realtor fees, taxes(land transfer etc),maintenance, renos etc? or is this fairy tale math that omits all of that? XD


Yes, those items are included.
Reno's were only done on the 1st home.
The current home has no money put into it (ok wait, I lie...windows and roof. Pls subtract 7k from my earnings...which is less than 3% of what I end up making on the sale of the house XD).

So yes, money can be made on real estate. Will it be like this forever? Depends on your situation (ie: at what time you bought, and at what time you sold and how that corresponds to the current market).

Mind you, I am not talking about condos. Full disclosure: 1st home was a town house, 2nd home is a bungalow in north york.
_________________________
http://dreamingin302ci.blogspot.ca/

XD XD XD XD

Top
#8120211 - 03/06/15 02:04 PM Re: Average price of Toronto detached home shoots past $1 mil [Re: 4age]
spd-dmn Offline
Post Master


Registered: 11/24/04
Posts: 2271
the one thing i don't get is that whatever new home you buy has also went up... so where is the net gain?
Top
#8120214 - 03/06/15 02:08 PM Re: Average price of Toronto detached home shoots past $1 mil [Re: spd-dmn]
4age Offline
XD XD XD XD
Post Master Sr


Registered: 09/11/01
Posts: 3969
Loc: North York, Ontario, Canada
 Originally Posted By: spd-dmn
the one thing i don't get is that whatever new home you buy has also went up... so where is the net gain?


That's the tricky part, but it can work out.
Anywhoo, I am not buying immediately after the sale, so we good!
_________________________
http://dreamingin302ci.blogspot.ca/

XD XD XD XD

Top
#8120227 - 03/06/15 02:13 PM Re: Average price of Toronto detached home shoots past $1 mil [Re: 4age]
Choco 'Nuck Offline
Proud Member of BLM
Post Master Supreme


Registered: 07/10/01
Posts: 17568
Loc: Somewhere out there
You moving into Euphorics basement? Does he have a trainer setup already?
Top
#8120263 - 03/06/15 02:26 PM Re: Average price of Toronto detached home shoots past $1 mil [Re: Euphoricuck]
SW20_MR2 Offline
Post Master Sr


Registered: 08/27/01
Posts: 5282
Loc: Markham, Ontario, Canada
 Originally Posted By: Euphoric
 Originally Posted By: SW20_MR2
It's not the average family that's buying these houses.
So who is buying?


Pick a house in one of the areas in that chart on page 1 of this thread. Go to MLS and look at the demographics for the area. The average household income for the neighbourhood will not be $69k.
_________________________
1991 MR2 Turbo aka "The Myth"...does it really exist?
2006 Mazda3 Sport aka "Reality"...it really does exist...

Top
#8120288 - 03/06/15 02:41 PM Re: Average price of Toronto detached home shoots past $1 mil [Re: Choco 'Nuck]
4age Offline
XD XD XD XD
Post Master Sr


Registered: 09/11/01
Posts: 3969
Loc: North York, Ontario, Canada
 Originally Posted By: Chocolate Canuck
You moving into Euphorics basement? Does he have a trainer setup already?


welcome back \:D
I am invading his house with rollers.
Trainers are for ppl with balance problems wahahha
_________________________
http://dreamingin302ci.blogspot.ca/

XD XD XD XD

Top
#8120329 - 03/06/15 03:17 PM Re: Average price of Toronto detached home shoots past $1 mil [Re: 4age]
Euphoricuck Offline
Post Master Supreme


Registered: 11/05/03
Posts: 92703
Loc: Canadistan
so excited
_________________________

Top
#8124026 - 03/10/15 08:20 AM Re: Average price of Toronto detached home shoots past $1 mil [Re: Euphoricuck]
Screamin Type ARGH! Offline
High Value Poster
Post Master Supreme


Registered: 02/20/01
Posts: 47632
Loc: T.O. - Canaduh
hol' on lemme go buy dem condoz

http://www.citynews.ca/2015/03/09/exclus...ns-of-vehicles/
_________________________

"Ban low performance drivers, not high performance cars"

Top
#8124052 - 03/10/15 08:51 AM Re: Average price of Toronto detached home shoots past $1 mil [Re: Screamin Type ARGH!]
Euphoricuck Offline
Post Master Supreme


Registered: 11/05/03
Posts: 92703
Loc: Canadistan
thats always been a risk when buying a condo.

It happens. quite a bit.
_________________________

Top
#8124064 - 03/10/15 09:07 AM Re: Average price of Toronto detached home shoots past $1 mil [Re: Euphoricuck]
4age Offline
XD XD XD XD
Post Master Sr


Registered: 09/11/01
Posts: 3969
Loc: North York, Ontario, Canada
^and the risk of buying a house is having a tree fall on it \:D
_________________________
http://dreamingin302ci.blogspot.ca/

XD XD XD XD

Top
#8124078 - 03/10/15 09:16 AM Re: Average price of Toronto detached home shoots past $1 mil [Re: 4age]
c2k Moderator Offline
Post Master Supreme


Registered: 05/21/00
Posts: 19289
Loc: Wiesloch-Walldorf, Germany
 Originally Posted By: 4age
^and the risk of buying a house is having a tree fall on it \:D


or have a water main break at the front of the house.
_________________________
Who cares

Top
#8124080 - 03/10/15 09:17 AM Re: Average price of Toronto detached home shoots past $1 mil [Re: 4age]
Euphoricuck Offline
Post Master Supreme


Registered: 11/05/03
Posts: 92703
Loc: Canadistan
if you live in an old neighbourhood.

If its a new area. They don't include trees anymore. Looks like iraq.
_________________________

Top
#8124102 - 03/10/15 09:32 AM Re: Average price of Toronto detached home shoots past $1 mil [Re: Euphoricuck]
LNXGUY Moderator Offline
Post Master Supreme


Registered: 08/06/00
Posts: 106840
Loc: Barrie, Ont,
I hate new developments that bulldoze everything.. No trees, no bushes, no nothing.
_________________________
-Bill
The GN would OWN you, your children and your children's children.
'09 E90 335d

Top
#8124130 - 03/10/15 09:44 AM Re: Average price of Toronto detached home shoots past $1 mil [Re: LNXGUY]
Hatorade Online   crying
pheggit
Post Master Supreme


Registered: 11/05/99
Posts: 26894
Loc: Toronto, ON
He said bushes lol
_________________________

'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
#8124139 - 03/10/15 09:47 AM Re: Average price of Toronto detached home shoots past $1 mil [Re: Hatorade]
Senor Eduardo_82 Offline
miataist
Post Master Supreme


Registered: 01/09/03
Posts: 38036
Loc: Ca�ada
Now I done heard of trimming the hedges, but you done scorched the Earth.
Top
#8124213 - 03/10/15 10:22 AM Re: Average price of Toronto detached home shoots past $1 mil [Re: LNXGUY]
Euphoricuck Offline
Post Master Supreme


Registered: 11/05/03
Posts: 92703
Loc: Canadistan
 Originally Posted By: LNXGUY
I hate new developments that bulldoze everything.. No trees, no bushes, no nothing.
agreed, It sucks
_________________________

Top
#8124255 - 03/10/15 10:37 AM Re: Average price of Toronto detached home shoots past $1 mil [Re: Euphoricuck]
SuPeR-MaRiO Offline
Post Master Sr


Registered: 06/28/01
Posts: 6111
Loc: Toronto, Ontario
Of course it sucks, but you can't make an omelette without breaking some eggs. The now mature neighborhoods were once like that too. New developments typically plant a young tree on every property plus parks etc.
Top
#8124262 - 03/10/15 10:40 AM Re: Average price of Toronto detached home shoots past $1 mil [Re: SuPeR-MaRiO]
Hatorade Online   crying
pheggit
Post Master Supreme


Registered: 11/05/99
Posts: 26894
Loc: Toronto, ON
Yup. I've got a toothpick of a tree the city planted lol. It will look great in 20 years!
_________________________

'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
#8124277 - 03/10/15 10:44 AM Re: Average price of Toronto detached home shoots past $1 mil [Re: SuPeR-MaRiO]
Euphoricuck Offline
Post Master Supreme


Registered: 11/05/03
Posts: 92703
Loc: Canadistan
 Originally Posted By: SuPeR-MaRiO
Of course it sucks, but you can't make an omelette without breaking some eggs. The now mature neighborhoods were once like that too. New developments typically plant a young tree on every property plus parks etc.
tell us more how you were around in the 60's and 70's and know how they built hoods.
_________________________

Top
#8124327 - 03/10/15 11:12 AM Re: Average price of Toronto detached home shoots past $1 mil [Re: Hatorade]
LNXGUY Moderator Offline
Post Master Supreme


Registered: 08/06/00
Posts: 106840
Loc: Barrie, Ont,
 Originally Posted By: Hatorade
Yup. I've got a toothpick of a tree the city planted lol. It will look great in 20 years!


Mine still looks like shit and it's been there a long time!
_________________________
-Bill
The GN would OWN you, your children and your children's children.
'09 E90 335d

Top
#8124396 - 03/10/15 11:57 AM Re: Average price of Toronto detached home shoots past $1 mil [Re: LNXGUY]
SW20_MR2 Offline
Post Master Sr


Registered: 08/27/01
Posts: 5282
Loc: Markham, Ontario, Canada
New neighbourhoods will never look as good as the older ones. The houses are so close to the road. All you see are the ugly brick houses that all look the same. The trees will help as they grow, but not by much.
_________________________
1991 MR2 Turbo aka "The Myth"...does it really exist?
2006 Mazda3 Sport aka "Reality"...it really does exist...

Top
Page 2 of 3 <123>


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

CSi Sponsors

DiGBiC Lighters
DiGBiC Lighters
DallasColo
Dallas Colocation
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

| 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