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- Toronto Houses Are Losing Value At A Rate Of $100,000 A Month
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http://www.huffingtonpost.ca/2017/09/06/toronto-houses-are-losing-value-at-a-rate-of-100-000-a-month_a_23198863/
Just wait 8-9 months and you can get a house in Toronto for free, or wait a year and people will pay YOU to own a house! |
An average single-family home in the city of Toronto went for $1.191 million in August, the city's real estate board reported Wednesday I think they'll be fine.
The poster formerly known as Kakarot181: July 2, 2002 - March 14, 2012.
Irregardless, for all intensive purposes, I could care less. |
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Is it really Rich Chinese making housing expensive?
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apocalyptic_4 posted...
Good houses in the GTA area are $700'000 to over 2 million. Like I said, wait 7-8 months and you can grab yourself a home for $0 |
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FLUFFYGERM posted...
K181 posted...An average single-family home in the city of Toronto went for $1.191 million in August, the city's real estate board reported Wednesday Yup, and that'll screw over the people looking to flip (HGTV) and folks with just bad timing, but longterm owners will be fine as the market will recover and rebound over the span of years.
The poster formerly known as Kakarot181: July 2, 2002 - March 14, 2012.
Irregardless, for all intensive purposes, I could care less. |
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K181 posted...
FLUFFYGERM posted...K181 posted...An average single-family home in the city of Toronto went for $1.191 million in August, the city's real estate board reported Wednesday i'm sure everyone thought the same thing in 2007 |
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Butterfiles posted...
any reasons why? Can't find anyone to buy them - there's barely anyone even living here, there's rows and rows of giant, empty properties everywhere you turn. |
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REMercsChamp posted...
Butterfiles posted...any reasons why? Why? |
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FLUFFYGERM posted...
K181 posted...FLUFFYGERM posted...K181 posted...An average single-family home in the city of Toronto went for $1.191 million in August, the city's real estate board reported Wednesday All depends on the market, but the housing market has recovered in many places, particularly in wealthier regions not centered around bubble housing growth. For established cities like Toronto, they're guaranteed still have growth as the economic center of Canada. They'll be fine within 2-3 years.
The poster formerly known as Kakarot181: July 2, 2002 - March 14, 2012.
Irregardless, for all intensive purposes, I could care less. |
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LethalAffinity posted...
REMercsChamp posted...Butterfiles posted...any reasons why? It's a ghost town - no jobs, no immigration, people leaving en masse. |
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K181 posted...
FLUFFYGERM posted...K181 posted...FLUFFYGERM posted...K181 posted...An average single-family home in the city of Toronto went for $1.191 million in August, the city's real estate board reported Wednesday nope. the supply of homes will exceed the demand for a long time. |
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REMercsChamp posted...
LethalAffinity posted...REMercsChamp posted...Butterfiles posted...any reasons why? I thought Toronto received lots of immigrants? Is it just too expensive to live there? |
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LethalAffinity posted...
REMercsChamp posted...LethalAffinity posted...REMercsChamp posted...Butterfiles posted...any reasons why? Too expensive? House prices are dropping $100,000 a MONTH! Even those $1.2M detached homes in the nice area of the city will be ZERO dollars in a year! |
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right on time. i have been needing to buy a house in GTA
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FightingGames posted...
right on time. i have been needing to buy a house in GTA They'll soon be giving houses away in Toronto along with a combo meal from McDonalds...burger, fries, drink, throw in a house for $1.50 extra |
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https://globalnews.ca/news/3771677/luxury-real-estate-vancouver-toronto/
Seems the real reason is because the government is going after non-Canadians just buying homes for investment purposes |
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They won't become worthless with a value of 0 $ , they will keep falling until people start buying again but they won't hit 0 that's just stupid
Leveling off anywhere between 100K-500K, but this was long overdue for Canada cause housing prices were pretty fucking stupid
how does super mario world work without updates?
Relax I know what I'm doing,I been killing topics since 1987 |
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joe_stalin518 posted...
They won't become worthless with a value of 0 $ , they will keep falling until people start buying again but they won't hit 0 that's just stupid Don't be ridiculous. There's going to be rows and rows of vacant properties, you can just walk into them and take them for free |
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They will keep lowering the prices til people start buying again, Canada is a good place to live.people want the house but can't afford over a million not everyone is a 30+ year surgeon , they will fall into around the 250 k-700 K depending on location, once it hits the spot where people making normal college salaries 60K-150 K the people will start buying again . If you want free property your going to have to take a piece of Detroit and deal with any/all bull shit that happens like poison water, dead body's in a striped car on blocks that was abandoned on your parcel of land arson if you have a dwelling on the parcel .
how does super mario world work without updates?
Relax I know what I'm doing,I been killing topics since 1987 |
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By browsing Google Street maps in Toronto for a bit, a lot of the houses don't really look all that impressive for an average of $1M. Not sure how average salaries are there.
They should just sell their house and move to Texas, Louisiana, etc. $500,000 will get you a gorgeous new home. 3-4 bedrooms, brand new, nice neighborhood, etc.
"I think that man will be president right about the time when spaceships come down filled with dinosaurs in red capes" - Tom Hanks
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joe_stalin518 posted...
They will keep lowering the prices til people start buying again, Canada is a good place to live.people want the house but can't afford over a million not everyone is a 30+ year surgeon , they will fall into around the 250 k-700 K depending on location, once it hits the spot where people making normal college salaries 60K-150 K the people will start buying again . If you want free property your going to have to take a piece of Detroit and deal with any/all bull shit that happens like poison water, dead body's in a striped car on blocks that was abandoned on your parcel of land arson if you have a dwelling on the parcel . Detroit. You can buy a house for 5k but it's completely trashed, you're the only one on the block, and the area is virtually unlivable. I'd like to see a reality show where someone transforms it into a secured fortress and attempts to live there.
"I think that man will be president right about the time when spaceships come down filled with dinosaurs in red capes" - Tom Hanks
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Capn Circus posted...
By browsing Google Street maps in Toronto for a bit, a lot of the houses don't really look all that impressive for an average of $1M. Not sure how average salaries are there. GTA has a growing tech industry with big companies like AMD, Sony, ASUS, and IBM established there. It's an attractive area for people to work and raise a family |
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joe_stalin518 posted...
They will keep lowering the prices til people start buying again, Canada is a good place to live.people want the house but can't afford over a million not everyone is a 30+ year surgeon , they will fall into around the 250 k-700 K depending on location, once it hits the spot where people making normal college salaries 60K-150 K the people will start buying again . If you want free property your going to have to take a piece of Detroit and deal with any/all bull shit that happens like poison water, dead body's in a striped car on blocks that was abandoned on your parcel of land arson if you have a dwelling on the parcel . Stop taking what he says seriously.
River Song: Well, I was off to this gay gypsy bar mitzvah for the disabled when I thought 'Gosh, the Third Reich's a bit rubbish, I think i'll kill the Fuhrer'
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SGT_Conti posted...
FLUFFYGERM posted...haha wow canada's economy really is tanking, eh? Hasn't the real estate market really been falling in Canada? |
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UnhndredDescole posted...
SGT_Conti posted...FLUFFYGERM posted...haha wow canada's economy really is tanking, eh? Hell yeah it is! There are rows upon rows of empty vacant houses in Toronto being sold for under $100,000. The government is so desperate to get rid of these properties that they're actually giving you tax breaks and other incentives for buying them. |
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UnhndredDescole posted...
SGT_Conti posted...FLUFFYGERM posted...haha wow canada's economy really is tanking, eh? Mostly in Vancouver and Toronto, but housing bubbles burst. The governments of those areas took steps to deliberately deflate it because an outright pop is painful for anyone who does own a house there. It's got little to do with Canada's economy, which has been improving over the past year.
Posted with GameRaven 3.2.2
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This is what I was talking about when I said these huge city bubbles are prone to popping once anything happens to cut investor/speculator interest down. Hadn't counted on government action intentionally popping it though.
And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not.
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SGT_Conti posted...
Mostly in Vancouver and Toronto, but housing bubbles burst. The government's of those areas took steps to deliberately deflate it because an outright pop is painful for anyone who does own a house there. It's got little to do with Canada's economy, which has been improving over the past year. ^ that
River Song: Well, I was off to this gay gypsy bar mitzvah for the disabled when I thought 'Gosh, the Third Reich's a bit rubbish, I think i'll kill the Fuhrer'
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Anyone want to list their hauls here in the Toronto housing market? I just picked up 3 detached properties for $15,000
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Letron_James posted...
so ill wait another 3 years then get paid millions and a free house? Absolutely - they'll be begging you to take it. They'll pay you any amount of money to grab these unwanted properties. |
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Good, Toronto's housing situation is world famous for how shit it is.
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SGT_Conti posted...
Mostly in Vancouver and Toronto, but housing bubbles burst. The governments of those areas took steps to deliberately deflate it because an outright pop is painful for anyone who does own a house there. It's got little to do with Canada's economy, which has been improving over the past year. why is an outright pop painful for homeowners there
You're such a boring characterless entity. Try getting laid once in a while and maybe you'll have friends and find out what a "joke" is. - derrate
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Housing is redicoulous in Toronto but I still wouldn't call it a bubble bursting just yet. The market is still correcting itself.
Clevo P775 QHD 120hz / i7 7700k 4.5GHZ / GTX 1070 8GB / DDR4 16GB/ 256gb m.2 SSD /Magni-Modi DAC_AMP combo/ ie800. Laptop on the outside. Desktop on the inside.
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- Boards
- Current Events
- Toronto Houses Are Losing Value At A Rate Of $100,000 A Month
- Boards
- Current Events
- Toronto Houses Are Losing Value At A Rate Of $100,000 A Month
FLUFFYGERM posted...K181 posted...
An average single-family home in the city of Toronto went for $1.191 million in August, the city's real estate board reported Wednesday
I think they'll be fine.
$400,000 decreases in a matter of months means the bubble is popping
Yeah you know, those slow-popping bubbles. Fucking hated when my mom got me slow pop bubbles as a kid. I'd blow one then have to wait like a half hour while it popped.Posted with GameRaven 3.3apocalyptic_4 posted...Good houses in the GTA area are $700'000 to over 2 million.
It's been unaffordable to live in the area for years.
Do more side missions or taxi missions and you'll get itSubtletyRefuge posted...Is this related to the Sears closing down?
You mean Bombardier?
https://www.thebeaverton.com/2017/06/sears-canada-renames-bombardier-government-will-bail-bankruptcy/"I may not have gone where I intended to go, but I think I have ended up where I needed to be."Today's haul - 6 detached properties in the nice area of the city for $6.99 and they came with a side of chicken mcnuggets- Boards
- Current Events
- Toronto Houses Are Losing Value At A Rate Of $100,000 A Month
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