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#10287038 - 07/11/22 10:52 AM Re: dat real estate v.2021 [Re: RatZero]
Risky Business Offline
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Registered: 05/17/10
Posts: 44946
If you are using housesigma, keep an eye out for this nonsense

https://youtu.be/lcdrU8x_9Qk

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#10287052 - 07/11/22 11:09 AM Re: dat real estate v.2021 [Re: Risky Business]
Big Tasty Offline
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Registered: 02/10/02
Posts: 19710
Loc: Toronto
Hmm, interesting. I did see a few places with no history and was skeptical that they were never listed in the past.

Good to know.

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#10288124 - 07/12/22 07:00 PM Re: dat real estate v.2021 [Re: Big Tasty]
RatZero Offline
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Registered: 04/28/02
Posts: 10850
Loc: Canadar
I've seen the same thing, new listing on houses I knew that were previously listed. Last one I saw was a "3169 King Street" vs "3169 King St", 2 completely different addresses
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#10288277 - 07/13/22 07:30 AM Re: dat real estate v.2021 [Re: RatZero]
Risky Business Offline
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Apparently the video made it into some private Toronto Lawyers facebook group, got a call from there asking for more info \:\|
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#10288299 - 07/13/22 08:01 AM Re: dat real estate v.2021 [Re: Risky Business]
Big Tasty Offline
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Registered: 02/10/02
Posts: 19710
Loc: Toronto
Class-action lawsuit time. A scam within itself
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#10288444 - 07/13/22 10:36 AM Re: dat real estate v.2021 [Re: Risky Business]
Hatorade Offline
pheggit
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Registered: 11/05/99
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 Originally Posted By: Risky Business
Apparently the video made it into some private Toronto Lawyers facebook group, got a call from there asking for more info \:\|


LOL not the audience you were targeting I take it.
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#10288465 - 07/13/22 11:01 AM Re: dat real estate v.2021 [Re: Hatorade]
Risky Business Offline
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Not going to lie, I put him into my CRM as a nurture lead lol
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#10288466 - 07/13/22 11:01 AM Re: dat real estate v.2021 [Re: Risky Business]
Risky Business Offline
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SHut the lights off, RE market about to get REKT
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#10288570 - 07/13/22 12:37 PM Re: dat real estate v.2021 [Re: Risky Business]
SuPeR-MaRiO Offline
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Due to the recent interest hike? Sarcasm?
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#10288635 - 07/13/22 02:10 PM Re: dat real estate v.2021 [Re: SuPeR-MaRiO]
Simon_the_Pieman Offline
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EREKTION
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#10288731 - 07/13/22 04:15 PM Re: dat real estate v.2021 [Re: SuPeR-MaRiO]
Risky Business Offline
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 Originally Posted By: SuPeR-MaRiO
Due to the recent interest hike? Sarcasm?


You are in luck, I've got a video on it

https://youtu.be/-ZXQZ6zYc9Y

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#10288802 - 07/13/22 07:06 PM Re: dat real estate v.2021 [Re: Risky Business]
SuPeR-MaRiO Offline
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Registered: 06/28/01
Posts: 6142
Loc: Toronto, Ontario
 Originally Posted By: Risky Business
 Originally Posted By: SuPeR-MaRiO
Due to the recent interest hike? Sarcasm?


You are in luck, I've got a video on it

https://youtu.be/-ZXQZ6zYc9Y


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#10297207 - 07/29/22 09:05 AM Re: dat real estate v.2021 [Re: SuPeR-MaRiO]
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Bloodbath out there.

Case study of an existing client broken down here in terms of purchasing power erosion.

https://youtu.be/xzfiyeUUK2k

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#10297321 - 07/29/22 11:04 AM Re: dat real estate v.2021 [Re: Risky Business]
SuPeR-MaRiO Offline
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Registered: 06/28/01
Posts: 6142
Loc: Toronto, Ontario
Great video. I liked the Kijiji reference ;\)
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#10297628 - 07/29/22 04:12 PM Re: dat real estate v.2021 [Re: SuPeR-MaRiO]
Hatorade Offline
pheggit
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Registered: 11/05/99
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Had a deal fall through. My client (buying side) said financing fell through, which I think is BS since they are putting down over 60%. They got cold feet and didn't close. IDIOTS. Sellers are going to sue for sure.

Can't get into it. But they had a 6 figure deposit on the deal. Even if the house they bought is worth less today they should have closed and resold and still be better off.
_________________________

'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

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#10297868 - 07/29/22 08:53 PM Re: dat real estate v.2021 [Re: SuPeR-MaRiO]
Risky Business Offline
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 Originally Posted By: SuPeR-MaRiO
Great video. I liked the Kijiji reference ;\)


Thank you!

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#10297869 - 07/29/22 08:56 PM Re: dat real estate v.2021 [Re: Hatorade]
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 Originally Posted By: Hatorade
Had a deal fall through. My client (buying side) said financing fell through, which I think is BS since they are putting down over 60%. They got cold feet and didn't close. IDIOTS. Sellers are going to sue for sure.

Can't get into it. But they had a 6 figure deposit on the deal. Even if the house they bought is worth less today they should have closed and resold and still be better off.


wowowow that's going to be rough. Damn, we are going to have to meet up soon swap stories offline. I had one almost bite me from the listing side, the buyer started with an extension request, the second I got the extension request I was lawyered up to the tits within 30 mins. Got it across the finish line, but in this market, probably would've been fucked.

I offered on 4 places last weekend, all of them are crawling back asking me to resubmit at what I originally did, guess what buyers are saying.



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#10298396 - 07/31/22 02:49 PM Re: dat real estate v.2021 [Re: Risky Business]
robbbby Offline
master electrician
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Registered: 01/23/02
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Loc: Canada
Bit of a weird story, figured I'd share since crazy shit like this intrigues me

My neighbour is having a kid so he's looking at upsizing.
He found a bigger house just a few streets over, house looked nice, all remodeled, nothing out of the ordinary, he's like fuck it, it's super close i'll make an appointment to go look at it.

So he goes to look at it, notices something strange in the garage, almost like an outline of what used to be a staircase, but it's been mudded/painted over.
So he's like fuck it, going to grab a ladder and peak up into the attic access in the garage...
opens the access and it's pull down stairs, that go up into a completely finished attic space. Like entire attic space for this ranch is a bonus room.
Plywood floors, really, really poor drywall work and even a ceiling fan that was on.
He said the garage attic access was the only attic access in the whole house and only way into the space. And the listing made absolutely no mention of it at all, as if they were trying to keep it secret. He said it looks like whatever stairs in the garage that led up to the space were removed and everything sealed up.

Just so fucking weird.

Since nobody gets inspections anymore, and most people don't ever look in attics, I assume whoever buys/bought this house is going to have absolutely no clue their entire attic is a living space, or somewhat transformed into living space.

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#10298597 - 07/31/22 11:06 PM Re: dat real estate v.2021 [Re: robbbby]
A2B-Lexus Offline
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Registered: 04/19/01
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Sounds like a great man cave to me.
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#10299975 - 08/02/22 08:15 PM Re: dat real estate v.2021 [Re: Risky Business]
IntenseDak Offline
Sr Member


Registered: 04/28/01
Posts: 1146
Loc: Oakville Ontario
 Originally Posted By: Risky Business
 Originally Posted By: SuPeR-MaRiO
Due to the recent interest hike? Sarcasm?


You are in luck, I've got a video on it

https://youtu.be/-ZXQZ6zYc9Y


Awesome vlog man, hope it takes off. Great insights. Thank you

I feel like the downtown condo market rebounded from Covid lows and hit new all time highs on the spring boom , but curious to see where they land by the end of the year.
Getting a discount on a choice unit/loft could be a good long term hold.

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#10300572 - 08/03/22 03:52 PM Re: dat real estate v.2021 [Re: IntenseDak]
Big Tasty Offline
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Registered: 02/10/02
Posts: 19710
Loc: Toronto
Guessing the attic wasn't done to code and it was easier to board it up rather than fixing it after the fact to standards for resale/insurance.
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#10301291 - 08/04/22 04:32 PM Re: dat real estate v.2021 [Re: IntenseDak]
Risky Business Offline
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Registered: 05/17/10
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 Originally Posted By: IntenseDak
 Originally Posted By: Risky Business
 Originally Posted By: SuPeR-MaRiO
Due to the recent interest hike? Sarcasm?


You are in luck, I've got a video on it

https://youtu.be/-ZXQZ6zYc9Y


Awesome vlog man, hope it takes off. Great insights. Thank you

I feel like the downtown condo market rebounded from Covid lows and hit new all time highs on the spring boom , but curious to see where they land by the end of the year.
Getting a discount on a choice unit/loft could be a good long term hold.


Thanks for the feedback.

Everything is dropping, but condos are holding up better than detached as expected (they didn't appreciate much).

The next big hurdle for condos will be maintenance fees, so much was deferred during covid and not done, now at inflated prices I have seen some people's fees jump by 12% year over year.

New builds taking occupancy now are also coming in way higher than advertised. Will make a video on that tomorrow as I am pretty sure people are about to get pretty rattled.

I have one client that's thinking of dumping their unit, she is in a condo that's connected to another condo, shared amenities, but the other condo was registered earlier they just had their fees JACKED UP, her budget review is later year so she debating if she should dump while it doesn't show on her status cert.

Just another day in Toronto real estate.

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#10301521 - 08/05/22 08:53 AM Re: dat real estate v.2021 [Re: Risky Business]
Screamin Type ARGH! Offline
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#10302409 - 08/07/22 07:33 AM Re: dat real estate v.2021 [Re: Screamin Type ARGH!]
c2k Moderator Offline
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Registered: 05/21/00
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is real estate still a worthy investment at this point?
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Who cares

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#10302509 - 08/07/22 12:21 PM Re: dat real estate v.2021 [Re: c2k]
Risky Business Offline
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Not to sound like a shill, but RE is always a good investment if you buy well.

All the money is made on the purchase.

It's a fundamental truth and a productive asset that generates cash, buy well without the froth on top.

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#10305635 - 08/12/22 05:42 AM Re: dat real estate v.2021 [Re: Risky Business]
c2k Moderator Offline
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What is the go to site, for finding out the sale price for homes sold?
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#10305678 - 08/12/22 08:53 AM Re: dat real estate v.2021 [Re: c2k]
Big Tasty Offline
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Registered: 02/10/02
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Housesigma.com
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#10306213 - 08/13/22 04:52 AM Re: dat real estate v.2021 [Re: Big Tasty]
c2k Moderator Offline
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Thank you!
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Who cares

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#10306220 - 08/13/22 06:24 AM Re: dat real estate v.2021 [Re: c2k]
Risky Business Offline
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Been a wild couple of weeks, picked up a place for a client earlier this week after 'losing' the bidding war. Winner flaked, I came in with a quick haircut and bought it next day.

Looking to pounce on 2 more properties for 2 other clients but some sellers still delusional thinking market isn't going down further.

Bid on a house in Vaughan, 17 offers, wtffff they ended up relisting and jacking up the price by close to half a mil.

Lots of variability on the ground floor.

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#10306637 - 08/15/22 08:45 AM Re: dat real estate v.2021 [Re: Risky Business]
Simon_the_Pieman Offline
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Registered: 08/13/01
Posts: 9473
Loc: The A
 Originally Posted By: Risky Business

Bid on a house in Vaughan, 17 offers, wtffff they ended up relisting and jacking up the price by close to half a mil.


wowow hahah so scumy
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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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#10313694 - 08/29/22 09:02 PM Re: dat real estate v.2021 [Re: Simon_the_Pieman]
A2B-Lexus Offline
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Registered: 04/19/01
Posts: 45550
Loc: Raptors Land
A friend happened to have bought a pre-construction place and sold his current house last week.

He was telling me had he sold in April, he would have been $350k richer.

Will be interesting to see how low things will go.

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#10313832 - 08/30/22 09:08 AM Re: dat real estate v.2021 [Re: A2B-Lexus]
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Things are volatile af right now.
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#10316665 - 09/04/22 01:16 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
he was just happy he sold. There were semis and town houses that were bigger and cheaper. Considering the had to sell, it was still a good outcome.
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#10317610 - 09/07/22 04:33 AM Re: dat real estate v.2021 [Re: A2B-Lexus]
nfscheats Offline
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What's up all
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#10318224 - 09/07/22 10:35 PM Re: dat real estate v.2021 [Re: nfscheats]
A2B-Lexus Offline
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Registered: 04/19/01
Posts: 45550
Loc: Raptors Land
not the real Estate market.
 Originally Posted By: nfscheats
What's up all

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