#10221005 - 03/03/22 04:55 PM
Re: dat real estate v.2021
[Re: 87ZCSi]
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Risky Business
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I don't think it has had any effect on anything here, I mean covid is still a bigger deal for people.
That being said I know xenophobia against Russians will rise regardless even though people don't understand that this is a dictator doing dictator things and most Russians have Ukrainian in them and vice versa.
It did make me feel emphatic towards visible minorities who can't hide their origins. Xenophobia against Russians is a drop in the bucket, imagine looking Middle Eastern after 9/11, or being black after some x,y,z racial event and living somewhere in the southern US. This moment is just making me realize how good I have it to be honest.
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#10221006 - 03/03/22 04:57 PM
Re: dat real estate v.2021
[Re: Hatorade]
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Risky Business
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In what sense?
I have family in Ukraine and Russia.
Family in Ukraine had their town taken over a couple of days ago, Russians planted flag and moved on. Second set of relatives had some shelling, a bit of resistance, everything is closed including hospitals and police station. Grocery store open limited hours, just found out they had extra shelling there in Sumy, Ukraine.
Relatives in Russia are raging about what's happening, Putin never gave a fuck about his people/does what dictators do. My uncle in Moscow is likely trying to get out of Russia (can't be reached laying low - works for one of the oligarch gas companies), other relatives without means just staying put, likely going to get starved out.
So my issues are: can't sleep, stress, etc /CN Sorry to hear, but I do hope you and your family pull through. In what sense?
I have family in Ukraine and Russia.
Family in Ukraine had their town taken over a couple of days ago, Russians planted flag and moved on. Second set of relatives had some shelling, a bit of resistance, everything is closed including hospitals and police station. Grocery store open limited hours, just found out they had extra shelling there in Sumy, Ukraine.
Relatives in Russia are raging about what's happening, Putin never gave a fuck about his people/does what dictators do. My uncle in Moscow is likely trying to get out of Russia (can't be reached laying low - works for one of the oligarch gas companies), other relatives without means just staying put, likely going to get starved out.
So my issues are: can't sleep, stress, etc /CN Damn man. Hope the best for your fam.
Thank you!
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#10223070 - 03/08/22 07:56 AM
Re: dat real estate v.2021
[Re: Risky Business]
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Risky Business
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Sellers starting to accept bullies, looks like they are losing confidence.
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#10224232 - 03/09/22 11:22 PM
Re: dat real estate v.2021
[Re: Risky Business]
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A2B-Lexus
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Loc: Raptors Land
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Very tragic what is happening in Ukraine. Hope your families abroad stay safe.
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#10226955 - 03/15/22 04:53 PM
Re: dat real estate v.2021
[Re: A2B-Lexus]
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So far everyone is safe, for now.
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#10226957 - 03/15/22 04:54 PM
Re: dat real estate v.2021
[Re: Risky Business]
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Risky Business
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Market shifting nicely in buyer's direction.
Closed on a place in Aurora last night, was the only offer on offer night, got it for 10% less that recent comps. Sentiment is changing.
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#10230613 - 03/23/22 06:56 AM
Re: dat real estate v.2021
[Re: Risky Business]
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Risky Business
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Couple of observations, all the secondary 905 suburbs far out are starting to drop in price, inner 905 suburbs and Toronto staying strong and in some parts still going up.
People shitting their pants as they are being called back in the office. High gas, etc.
Fixed interest rate hikes keep coming, 5 year bond yield ripping, no more fixed mortgage rates under 3%, likely going for 4% soon.
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#10231951 - 03/25/22 08:06 AM
Re: dat real estate v.2021
[Re: Risky Business]
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c2k
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People shitting their pants as they are being called back in the office. High gas, etc.
Something about pleasing the commercial landlords with billion of dollars worth of properties being left unused or something like that.
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#10232076 - 03/25/22 10:50 AM
Re: dat real estate v.2021
[Re: furball]
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I had a listing going live in Wismer (Markham), was going to be the only listing - smooth sailing ahead. Woke up today in the morning 2 identical homes listed within 200' of mine.
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#10232077 - 03/25/22 10:51 AM
Re: dat real estate v.2021
[Re: furball]
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In other news, we're seeing more and more big tech creating massive job hubs in GTA... Walmart Canada, facebook, Amazon, Microsoft ... physical hubs, not just reaching on over to Canadian territory and sucking Canadian workers away. Meanwhile, I'm interviewing someone from ... Alberta, which has a 25% lower standard of living....  Couple of observations, all the secondary 905 suburbs far out are starting to drop in price
New York post just had an article about Toronto (quiet tech boom town) or something
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#10232378 - 03/25/22 05:12 PM
Re: dat real estate v.2021
[Re: SuPeR-MaRiO]
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I had a listing going live in Wismer (Markham), was going to be the only listing - smooth sailing ahead. Woke up today in the morning 2 identical homes listed within 200' of mine. Wismer Commons? My old neighborhood.
Around there, closer to McCowan.
Place is in demand because of the high ranking schools, let's see how this shakes up in a week from now. I will report back.
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#10232497 - 03/25/22 10:54 PM
Re: dat real estate v.2021
[Re: Risky Business]
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A2B-Lexus
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Registered: 04/19/01
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Loc: Raptors Land
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where single garage detaches go for $1.7M. 
Edited by A2B-Lexus (03/25/22 10:54 PM)
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#10232539 - 03/26/22 05:32 AM
Re: dat real estate v.2021
[Re: A2B-Lexus]
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Risky Business
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^ This guy knows
Getting closer to 1.8M now, not sure if it sustains, more listings now.
Across the street at Berczy they are pushing for $2M for the same thing (~1,800sf 3 bed).
People go ape shit over what school their kid goes
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#10232619 - 03/26/22 11:27 AM
Re: dat real estate v.2021
[Re: Hatorade]
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Risky Business
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Cornell Rouge pre-con TH starting @ $1.6M
WTFFFFFF
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#10232842 - 03/26/22 10:33 PM
Re: dat real estate v.2021
[Re: Risky Business]
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A2B-Lexus
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Registered: 04/19/01
Posts: 45550
Loc: Raptors Land
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3 stories too.....13 foot wide.
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#10232862 - 03/27/22 05:13 AM
Re: dat real estate v.2021
[Re: A2B-Lexus]
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Risky Business
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I can't in good conscience ever promote precon, even though Hator and I have pretty good access especially for condo launches, none of it makes sense anymore (very very very few projects, and even then I will always buy resale personally).
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#10234549 - 03/30/22 05:57 AM
Re: dat real estate v.2021
[Re: c2k]
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lol gov doing more irrelevant things. Foreign buyers tax is easy to evade, been happening since 2017.
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#10235497 - 03/31/22 01:29 PM
Re: dat real estate v.2021
[Re: c2k]
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furball
Post Master Sr
Registered: 09/24/03
Posts: 9485
Loc: Toronto, ON
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Friend sent me this, says they're expanding? 
https://unreserved.com/
Online transparent bidding.
Example:
Edited by furball (03/31/22 03:37 PM)
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#10235598 - 03/31/22 03:21 PM
Re: dat real estate v.2021
[Re: furball]
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Big Tasty
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Registered: 02/10/02
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Loc: Toronto
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I can see that being good for the seller in this market but prices will just go up because of it.
Bid with Full Transparency
Once the auction starts, you can bid transparently by placing a one-time bid or setting a maximum bid using the Autobid function. If you are outbid, you will receive an instant notification. The default bid increase is $2,500, however bidders can also enter a custom bid amount.
Live auction
Our auctions take place online and in real-time, so sellers can watch the bids live as they come in. We set the auction end time, which means the auction might be live for 24-48 hours, however, most of the action begins when the auction end time is near. Buyers love the transparency of watching the bids come in and tend to save their best bids for last as they compete for your home. All bidders are verified to participate in the auction in advance, and when the auction ends, the sale and purchase documents are immediately sent to both the buyer and seller. You provide the documents to your lawyer, and they’ll take it from there. We will collect a cheque from the buyers for the down payment and hold the funds in trust.
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#10235688 - 03/31/22 05:44 PM
Re: dat real estate v.2021
[Re: Big Tasty]
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Hatorade
pheggit
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Registered: 11/05/99
Posts: 26894
Loc: Toronto, ON
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All bidders are verified to participate in the auction in advance, and when the auction ends, the sale and purchase documents are immediately sent to both the buyer and seller.
How are they going to enforce this?
Sounds like there's no Agreement of Purchase and Sale in place during these bids, till it ends. And if they are really trying to make the market better, why even list homes under what it's worth and have bids on them???
Why not just price at market and bid from there?
Only difference I see here is the listing brokerage trying to streamline work (make it easier) as they won't need to talk to anyone and just have buyers bid online. There's so much to trying to win a bid and isn't always about who has the highest offer. I've been able to win 2 houses in the past few months and we weren't the highest. Rare, but it does happen.
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#10235869 - 04/01/22 07:43 AM
Re: dat real estate v.2021
[Re: Hatorade]
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furball
Post Master Sr
Registered: 09/24/03
Posts: 9485
Loc: Toronto, ON
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Based on that screenshot I provided above .... I mean, most of the action is in the final 5 minutes....
Repurpose those eBay Sniper Bots? 
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#10235884 - 04/01/22 08:44 AM
Re: dat real estate v.2021
[Re: furball]
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Risky Business
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Two risks I see for this company.
1. The government might make them obsolete as there is a big push to mandate this already.
2. In the aggregate I feel open bidding will likely just make prices go up even higher.
I am indifferent what happens. More transparency is good, I don't think people realize that it will be at the cost of higher prices. Maybe it's worth it.
Having listed many properties with multiple offers, bids are generally pretty close together, it's rare that you get someone that overpays, and if they do they usually want the property really bad anyway and will pay whatever to beat out the competition.
Otherwise you are within 10k-20k even 5k
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#10237120 - 04/04/22 02:28 PM
Re: dat real estate v.2021
[Re: Risky Business]
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Risky Business
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Shit is starting to get real slowish relative to what we had for the last year.
Monthly stats released, prices down across the board except DT condos holding strong which I've been bullish on for a while and put my money where my mouth is 
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