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#10086651 - 07/08/21 03:10 PM Re: dat real estate v.2021 [Re: Hatorade]
Risky Business Offline
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Registered: 05/17/10
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#10086785 - 07/08/21 05:56 PM Re: dat real estate v.2021 [Re: Risky Business]
Hatorade Offline
pheggit
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Registered: 11/05/99
Posts: 26867
Loc: Toronto, ON
Stats are one thing. I’ve been busy with downtown condos the past couple of months. When you start looking at specific buildings you’ll see what I mean.
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'07 997.1 GT3
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'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

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#10086922 - 07/09/21 05:41 AM Re: dat real estate v.2021 [Re: Hatorade]
Risky Business Offline
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We will have to agree to disagree on this as I've always seen LV as an entry level into DT, that's how most people view it since it's cheaper relative to the core. I remember looking at pre cons there 10 years ago, and they were always the cheapest pre con projects in 'downtown'.

I am interested to know what specific buildings you are referring to that skew Liberty as more expensive? I looked at ~8 units there in the last 30 days and made offer on 2 before settling on Bay Street.

Last point on LV, they have a lot more parking allocation per unit compared to say King West/Bay/etc. So you back out the parking premium from the average LV condo sale, their price per SF is even lower than posted above.

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#10087029 - 07/09/21 10:17 AM Re: dat real estate v.2021 [Re: Risky Business]
furball Offline
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Registered: 09/24/03
Posts: 9381
Loc: Toronto, ON
House-hunting story, unrelated to pricing talk...

- Looking for a home in the area, and saw one. Pretty much a full reno. There were some oddities...
- Pool (pre-reno) is massive, so big there's not much room to walk around
- Arlo cordless cameras everywhere (I have some myself, so either you're super shady, or you're a tech nerd)
- Some odd European styles: washer/dryer in the basement washroom, sweet electric rear-lit bathroom mirrors
- for sale by owner. We had to get our realtor to contact the guy to see if he's willing to pay the 2.5%, he was.
- Was put up then taken off the market a few times, each time price lowered.

European guy, walked his dog while we visited the property. Said he's a carpenter, and moving out west as his job needs him there.

Wife got a little bit antsy on getting a home in the area NOW ...But it wasn't in the 'good school' district.

Our realtor was semi-retired, so didn't really give a fuck about giving us full service...

We ended up calling our 'silver fox' (years of experience) realtor that sold our Markham home, and consulted with him ... One thing he told us to do: "always google the seller. Doesn't hurt." (We were able to get the sellers' names on the MLS listing thru the realtor - as an end-user, you don't see these fields. Name was under the 'carpenter' and his gf, an RMT in the area.)

HOLY FUCK, GTFO, NO WAI.

Yeah, nope, nope nope nope nope... (Cue Risky re: these are the 'off the beaten path, there's an opp here to make big money' ... Sure, just not with us.)

The owner was arrested by TPS as part of Project Yellow Bird, a European high-end car theft ring. Guy's name is damn unique, and I confirmed the mugshots.

I tell the wife this, she's like .... WAIT A MINUTE ... Project Yellow Bird? I worked with that guy at my previous job (The police op was named Project Yellow Bird after a physician's stolen Porsche.)

These guys would go and scope out a home, steal a car in the garage, and leave the garage door open. When the owner comes home and freaks out, they rush in and steal the car the victim drove home in as well


(All the nurses were making fun of him, that TPS used his stolen yellow Porsche as sting op or named the sting after his car or some shit.)

Anyway .... Who knows if old rivals will come and try to kill us thinking he's still there, if he's buried dead bodies in the yard, or if legally we could get into some shit after the sale re: "this was built using proceeds from crime" ... no idea.

Such excite, much hero.

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#10087318 - 07/09/21 02:53 PM Re: dat real estate v.2021 [Re: furball]
Risky Business Offline
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Registered: 05/17/10
Posts: 42483
Pretty common tactic. You can get a lot of info looking up the owners and another overlooked person is the listing realtor. You want to dig up as much as possible, if you are dealing with a part time realtor you know they won't know wtf they are doing vs. a seasoned vet. At least this is what I do to best prepare.

One of my best purchases was a home where the seller's son had to go into rehab and they were paying 20k/a month for it and had to sell to keep up with payments (this came out randomly after I kept the listing agent on the line just poking around trying to make the 'offer' perfect in every respect as a lowball was coming ;\) . She offered that up, guess what... now I know that house was selling no matter what and we squeezed the fuck out on price and got it for 150k below market (other factors in there as well).

It's a fascinating game. \:\)

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#10087461 - 07/09/21 07:39 PM Re: dat real estate v.2021 [Re: Risky Business]
furball Offline
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Registered: 09/24/03
Posts: 9381
Loc: Toronto, ON
Here's a tip for the buyers, and realtors ...

(First off, apparently Asians in Markham are ultra cheap, so if you are selling a home that comes with a Nest Ring doorbell and Nest thermostat, it's a 'perk' ...)

- Lock down that fucking thermostat. One fucking set of viewers with teenage kids cranked up the fucking HEAT to 30C, in the middle of summer.

- If you're gonna talk shop, don't talk about it IN the home, or anywhere NEAR the front door (especially if there's a Nest doorbell) ....

Just sayin' ...

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#10088473 - 07/12/21 01:34 PM Re: dat real estate v.2021 [Re: furball]
Risky Business Offline
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Registered: 05/17/10
Posts: 42483
General rule when you are walking through a house is not to saying anything you wouldn't want the sellers to hear ;\)

The thermostat thing is more scumbag behaviour. Some people do it to sabotage the rest of the showings, get people out faster, make them uncomfortable, etc. I don't understand this shit.

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#10093723 - 07/22/21 09:07 AM Re: dat real estate v.2021 [Re: Risky Business]
Big Tasty Offline
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Registered: 02/10/02
Posts: 18658
Loc: Toronto
Casually looking at houses in Ottawa, came across this. \:D


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#10093739 - 07/22/21 09:43 AM Re: dat real estate v.2021 [Re: Big Tasty]
Simon_the_Pieman Offline
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Registered: 08/13/01
Posts: 9287
Loc: The A
sick! reminds me of those multicoloured golfs
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"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

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#10094006 - 07/22/21 05:04 PM Re: dat real estate v.2021 [Re: Simon_the_Pieman]
Risky Business Offline
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Registered: 05/17/10
Posts: 42483
They screwed up the pattern in so many places, OCD in overdrive.
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#10097446 - 07/28/21 01:13 PM Re: dat real estate v.2021 [Re: Risky Business]
Screamin Type ARGH! Offline
Honda CEO's personal fluffer
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Registered: 02/20/01
Posts: 45991
Loc: T.O. - Canaduh
reminds me of fucking CHI-CHI's restaurant from the 80's looool
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#10097773 - 07/28/21 07:28 PM Re: dat real estate v.2021 [Re: Screamin Type ARGH!]
Risky Business Offline
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Registered: 05/17/10
Posts: 42483
Rents downtown are skyrocketing, condo prices will likely follow. Some buildings are already getting higher rents than pre covid. Can't wait to finish my reno to list.
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#10097855 - 07/28/21 09:48 PM Re: dat real estate v.2021 [Re: Risky Business]
A2B-Lexus Offline
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Registered: 04/19/01
Posts: 45533
Loc: Raptors Land
Would be nice to get an investment property someday.

So...when will the market crash again? \:D

I got my first condo for $167k....to think I need to drop like 500k plus to get another shoebox is kinda nutty.

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#10097885 - 07/29/21 05:19 AM Re: dat real estate v.2021 [Re: A2B-Lexus]
Risky Business Offline
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Registered: 05/17/10
Posts: 42483
A lot of parents (myself included) are grabbing condos now for kids, at this pace no idea how kids will afford anything.

As long as Canada keeps letting immigrants at record numbers while not allowing development, we will have an insane pressure on real estate. They either have to slow down immigration (which they can't do as that's what the government lives off) or allow development, open the white belt/green belt/make it easier for developers to intensify (doesn't seem like there will be progress here).

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#10098419 - 07/29/21 09:45 PM Re: dat real estate v.2021 [Re: Risky Business]
A2B-Lexus Offline
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Registered: 04/19/01
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Loc: Raptors Land
Any big plans will have to wait for 2 incomes. Worst comes to worst, I can downsize the current place.
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#10098481 - 07/30/21 04:51 AM Re: dat real estate v.2021 [Re: A2B-Lexus]
Risky Business Offline
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Registered: 05/17/10
Posts: 42483
Setup a sweet bachelor pad in the basement and they should be good to go well into their 40's
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#10118658 - 09/04/21 12:35 PM Re: dat real estate v.2021 [Re: Risky Business]
Risky Business Offline
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Registered: 05/17/10
Posts: 42483
Hitting peak insanity in York Region and other parts of the 905.

Decade low inventory, got blown out of the water on a number of listings I bid on, going to sit back this shit isn't worth it. There has been a double digit % bump on properties in the last 3 weeks compared to market comps from just 2 months ago.

Worst one I saw was a townhouse in R Hill back onto a busy Esso selling for over 1M within hours of hitting the market. Prior comp was mid 8's.

WORST time ever as a buyer, if you want to time the market as a seller this is probably peak imo.

Some gems from this last week:






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#10118686 - 09/04/21 01:38 PM Re: dat real estate v.2021 [Re: Risky Business]
A2B-Lexus Offline
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Registered: 04/19/01
Posts: 45533
Loc: Raptors Land
one of my friends moved out of those towns. He was complaining that the walls are paper thin and he could hear his neighbors phone ring.

A town for 1.5+M. I can't imagine having an $1M+ mortgage. GNSP

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#10118710 - 09/04/21 02:29 PM Re: dat real estate v.2021 [Re: A2B-Lexus]
Risky Business Offline
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Registered: 05/17/10
Posts: 42483
That's typical for stacked towns. They look great on paper until you find yourself in one, it's a big let down....but they are hot now since they are 'affordable' lol
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#10118887 - 09/05/21 01:29 PM Re: dat real estate v.2021 [Re: Risky Business]
A2B-Lexus Offline
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Registered: 04/19/01
Posts: 45533
Loc: Raptors Land
I was in one around Steeles and Old Kennedy. I had a lower unit. The bedrooms were in the lower level. The upstairs unit had a dog. I swear the dog sounded like he was barking next to my ear when I was sleeping. The WORST. Never again.
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#10118898 - 09/05/21 01:52 PM Re: dat real estate v.2021 [Re: Risky Business]
Hatorade Offline
pheggit
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Registered: 11/05/99
Posts: 26867
Loc: Toronto, ON
 Originally Posted By: Risky Business
That's typical for stacked towns. They look great on paper until you find yourself in one, it's a big let down....but they are hot now since they are 'affordable' lol


That's not a stacked town...

Also those are double car garage and around 2300 sqft.
_________________________

'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
#10118913 - 09/05/21 02:56 PM Re: dat real estate v.2021 [Re: Hatorade]
Risky Business Offline
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Registered: 05/17/10
Posts: 42483
My bad, you are right, I thought of another project.
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#10118970 - 09/05/21 08:05 PM Re: dat real estate v.2021 [Re: Risky Business]
Big Tasty Offline
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Registered: 02/10/02
Posts: 18658
Loc: Toronto
https://youtu.be/T-OfQCWOsYg

The City Place Skybridge was featured on House and Home. I always thought it was a common area/party room but nope, 4 floors, 40 meters long and 4,168 sq ft condo. All yours for a cool $4.5M


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#10118985 - 09/05/21 09:27 PM Re: dat real estate v.2021 [Re: Big Tasty]
A2B-Lexus Offline
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Registered: 04/19/01
Posts: 45533
Loc: Raptors Land
Thats pretty slick.
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#10119034 - 09/06/21 05:55 AM Re: dat real estate v.2021 [Re: A2B-Lexus]
Risky Business Offline
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Registered: 05/17/10
Posts: 42483
The only problem with that is that you have an iceboat terrace address, doesn't have a very good rep.
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#10119079 - 09/06/21 09:01 AM Re: dat real estate v.2021 [Re: Risky Business]
Hatorade Offline
pheggit
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Registered: 11/05/99
Posts: 26867
Loc: Toronto, ON
 Originally Posted By: Risky Business
The only problem with that is that you have an iceboat terrace address, doesn't have a very good rep.


Shown iceboat once a few years ago. NEVER AGAIN!!!

Also this bridge condo has a pretty shitty layout from the looks of it. The “walk-in” closest are freaking tiny as hell. And the kitchen is a joke for a “4200 sqft” condo.
_________________________

'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
#10119757 - 09/07/21 01:25 PM Re: dat real estate v.2021 [Re: Hatorade]
Risky Business Offline
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Registered: 05/17/10
Posts: 42483
Yea, that whole city place area is hit or miss, the newer builds are especially bad. I don't mind east city place or some of the older buildings west of spadina. Iceboat terrace only if it's a steal of a deal.
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#10120356 - 09/08/21 10:31 AM Re: dat real estate v.2021 [Re: Risky Business]
Hatorade Offline
pheggit
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Registered: 11/05/99
Posts: 26867
Loc: Toronto, ON
Market is still in-demand in the Fort York/LV area, but not crazy. Prices remain, but not really going up. Tried to sell a condo with offer date and only 2 offers came in LOLOLOL. Both were around $20k under market. Told them to f-off. Changed price to market and one of the of the agents from the offer night kept pestering me to sell under market. Told her to tell her client stop being a cheap fuck and she in turns tells me my client is being greedy LOLOLOL

Well dumb bitch, condo is sold at market now. I should call her up...
_________________________

'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
#10120492 - 09/08/21 12:46 PM Re: dat real estate v.2021 [Re: Hatorade]
Risky Business Offline
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Registered: 05/17/10
Posts: 42483
wtf ppl are out to lunch.

If you have any 1 beds coming up let me know, have a few buyers ready \:D

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#10120800 - 09/08/21 07:18 PM Re: dat real estate v.2021 [Re: Risky Business]
Hatorade Offline
pheggit
Post Master Supreme


Registered: 11/05/99
Posts: 26867
Loc: Toronto, ON
Oh I may have one coming at Yonge and Steeles, World on Yonge. Let you know.
_________________________

'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
#10120895 - 09/09/21 04:50 AM Re: dat real estate v.2021 [Re: Hatorade]
Risky Business Offline
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Registered: 05/17/10
Posts: 42483
Looking strictly C1 downtown, have 4 committed buyers all looking for the same thing. Any 1 bed that comes up that rents well gets snatched up within a day or two with a pre emptive.
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#10121939 - 09/10/21 02:48 PM Re: dat real estate v.2021 [Re: Hatorade]
Simon_the_Pieman Offline
Post Master Sr


Registered: 08/13/01
Posts: 9287
Loc: The A
 Originally Posted By: Hatorade
Oh I may have one coming at Yonge and Steeles, World on Yonge. Let you know.


really close to Jollibee so selling feature for filipinos.
_________________________
"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

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#10122161 - 09/11/21 10:49 AM Re: dat real estate v.2021 [Re: Big Tasty]
zaius Offline
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Registered: 04/30/05
Posts: 8246
Loc: Toronto
 Originally Posted By: Big Tasty
https://youtu.be/T-OfQCWOsYg

The City Place Skybridge was featured on House and Home. I always thought it was a common area/party room but nope, 4 floors, 40 meters long and 4,168 sq ft condo. All yours for a cool $4.5M



you sell that place and your commission over $110k @ 2.5%.
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2003 dc5 typeS.
looks stock.

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#10122176 - 09/11/21 11:33 AM Re: dat real estate v.2021 [Re: zaius]
Risky Business Offline
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Registered: 05/17/10
Posts: 42483
No one is listing multi million dollar properties at 2.5% FYI.
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#10122348 - 09/12/21 07:45 AM Re: dat real estate v.2021 [Re: Risky Business]
robbbby Offline
master electrician
Post Master Supreme


Registered: 01/23/02
Posts: 15419
Loc: Canada
 Originally Posted By: Risky Business
No one is listing multi million dollar properties at 2.5% FYI.


Question for you Vas, ignore if you would rather not share.

In a typical 2.5/2.5 split, where say you are the buying agent, how much of that 2.5% do you pocket and how much goes to the realty company you work for?

Does the split between agent and realty house change depending on whether it is a buy/sell?

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