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Posted
I thought it was a joke when the first person came to my door. I've heard of it happening in your area, but the Soo has had the same population for like 50 years, so you don't expect it. I think I could get 400k now after paying 220 for my house. That might not sound like a ton, but 400k would get you a five bedroom house and 30 acre lot on Lake Superior waterfront a few years ago.

 

I paid $256K for my place 5.5 years ago. You can't get ANYTHING in Oshawa for that these days. If you're super lucky and don't mind being in one of the scummier areas, you MIGHT find a townhouse for $500K here now.

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Posted
Lindsay doesn't have much going on. Maybe find a place in between there and Peterborough

 

Yeah, I worked in Lindsay like 15 years ago (and Peterborough as well, same shop, different locations). We actually were looking at a place in Pontypool for ~900K. It was freaking amazing. I'd love to be in Bobcaygeon or Fenelon Falls.

Posted
It's people from outside Toronto choosing to move up north. I have had multiple clients here selling for obscene amounts of money to Toronto buyers. They are selling for $800k here and then paying half that for a bigger house on the east coast or way up north.

 

Lack of covid cases here and the rise of remote work must have a lot to do with it. Many people from the Soo have moved to Toronto due to lack of work for decades, but it's a no brainer to move back home if you can keep your job and work remotely.

Posted
He would feel at home though. Lindsay is the Oshawa of Kawartha Lakes and the Teen Pregnancy Capital of Ontario.

 

Worked there, no interest in living there (though, there are some AMAZING old houses in Lindsay, but all of them are falling down 'cause nobody bothered to maintain them...)

Posted
It's people from outside Toronto choosing to move up north. I have had multiple clients here selling for obscene amounts of money to Toronto buyers. They are selling for $800k here and then paying half that for a bigger house on the east coast or way up north.

 

There is also a lot of foreign investment in our real estate market causing the shortage. It is ridiculous that many have lost their jobs and are collecting CERB but our housing market is going up. It is not sustainable for people living here to afford these prices so it sucks for all the first time home buyers.

Posted
Espinal > Panik, both as a player and as a roster spot since Buntoyo wouldn't play him too much like he does the vetrin.
Posted
There is also a lot of foreign investment in our real estate market causing the shortage. It is ridiculous that many have lost their jobs and are collecting CERB but our housing market is going up. It is not sustainable for people living here to afford these prices so it sucks for all the first time home buyers.

 

Yeah, I would NOT want to be entering the market as a first time buyer right now...

Posted
There is also a lot of foreign investment in our real estate market causing the shortage. It is ridiculous that many have lost their jobs and are collecting CERB but our housing market is going up. It is not sustainable for people living here to afford these prices so it sucks for all the first time home buyers.

 

I haven't fact checked it or anything, but CBC radio said that rent prices have remained stable so that is a plus.

 

Extremely low interest rates have a lot to do with it as well. Hopefully the high prices force people to move to areas with more reasonable prices. It's not good for the province to have the GTA to continuously eat up prime farmland while other communities see a lack of investment and falling population.

Posted
Tommy Milone is going to get one of those 3 inning saves in a blowout game lol.

 

Yup. Dobnak did that the other day while giving up 5 runs, lol.

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Posted
There is also a lot of foreign investment in our real estate market causing the shortage. It is ridiculous that many have lost their jobs and are collecting CERB but our housing market is going up. It is not sustainable for people living here to afford these prices so it sucks for all the first time home buyers.

 

Yeah, I would NOT want to be entering the market as a first time buyer right now...

 

I feel awful for young first time home buyers but at the same time I can't see prices ever really going. If people can qualify for a mortgage I think they should just suck it up and ape into the market. It's a never ending real estate bull market in Canada.

Posted
Yeah, I worked in Lindsay like 15 years ago (and Peterborough as well, same shop, different locations). We actually were looking at a place in Pontypool for ~900K. It was freaking amazing. I'd love to be in Bobcaygeon or Fenelon Falls.

 

Your folks are in Bobcaygeon right, their property must be worth a fortune?

Posted
I haven't fact checked it or anything, but CBC radio said that rent prices have remained stable so that is a plus.

 

Extremely low interest rates have a lot to do with it as well. Hopefully the high prices force people to move to areas with more reasonable prices. It's not good for the province to have the GTA to continuously eat up prime farmland while other communities see a lack of investment and falling population.

 

Ya the interest rate for sure encourages people to keep buying too. Last I checked, the rental market was suffering in the GTA. I actually know a few people who are unable to find tenants. Some of that is people moving out of the GTA since they can work remotely and buy cheaper property elsewhere. Another reason is that we aren't letting people/immigrants in our country due to covid and they are usually the prime candidates to rent.

 

There were also reports that some of the big Real Estate companies were buying and selling properties internally to create the illusion of the buying market being hot by advertising "home sold for 250K over asking price." I can't verify any of that so take that for what it's worth.

Posted
Your folks are in Bobcaygeon right, there property must be worth a fortune?

 

Oh yeah, they're lakefront, and they built a new place when they bought the property, so it's just awesome up there. It would go for a ridiculous price if they sold.

Posted
Ya the interest rate for sure encourages people to keep buying too. Last I checked, the rental market was suffering in the GTA. I actually know a few people who are unable to find tenants. Some of that is people moving out of the GTA since they can work remotely and buy cheaper property elsewhere. Another reason is that we aren't letting people/immigrants in our country due to covid and they are usually the prime candidates to rent.

 

There were also reports that some of the big Real Estate companies were buying and selling properties internally to create the illusion of the market being hot by advertising "home sold for 250K over asking price." I can't verify any of that so take that for what it's worth.

 

I have a friend that just signed a 1 year lease for a single bedroom condo on Spadina and Front St. for 1600 a month. Seemed pretty low to me given the location.

Posted
I have a friend that just signed a 1 year lease for a single bedroom condo on Spadina and Front St. for 1600 a month. Seemed pretty low to me given the location.

 

Ya many prime spots are even waiving a few months of rent if you sign a 1/2 year lease. If you are a renter then you should have many great options. Owners are desperate to lock renters in right now.

Posted
Hrmm... looks like I will make it to the end of the game, the last few innings kinda flew by!

 

Milone pitching like an ace

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