Real Estate

[GTA] Durham Region Developments Mega Thread

  • Last Updated:
  • Aug 19th, 2017 4:30 pm
Newbie
Apr 20, 2017
32 posts
4 upvotes
The GTA price affect directly the Durham new construction strategy ... price fluctuation, delay the release...
Stop commenting on the fact ... just take the updated info and follow the thread..
Sr. Member
User avatar
Jan 30, 2008
546 posts
87 upvotes
JeanMarc40 wrote:
Jul 24th, 2017 10:40 pm
The GTA price affect directly the Durham new construction strategy ... price fluctuation, delay the release...
Stop commenting on the fact ... just take the updated info and follow the thread..
You can argue the same for anything under the sun. Everything is related to some degree. Let's not reach for straws here.
Newbie
Apr 20, 2017
32 posts
4 upvotes
Here we are not talking about some degree. Do you think the House released in April can be sold at the same price Today ? GTA Average sale price was 930k in april .... 760 k in July 15th .... just 170 k loss.... nothing ;) .. some degree... wait and see...
Sr. Member
Feb 22, 2011
936 posts
920 upvotes
Toronto
JeanMarc40 wrote:
Jul 26th, 2017 10:49 am
Here we are not talking about some degree. Do you think the House released in April can be sold at the same price Today ? GTA Average sale price was 930k in april .... 760 k in July 15th .... just 170 k loss.... nothing ;) .. some degree... wait and see...
Do you know what an average is? People selling aren't selling some aggregate total of all GTA house types in all cities.

Condos and townhouses are now selling more than they were less year. Disproportionately more too as houses sit longer on the market. This brings the average transaction down. It does not mean prices are down that much. If you look at the housing types by area you can easily see it.

House sales vs last year sales volume down 33%
Townhouse vs last year sales volume down 24%
Condo vs last year sales volume down 19%

https://www.zolo.ca/toronto-real-estate/trends
Deal Addict
User avatar
Nov 1, 2007
2906 posts
272 upvotes
Don't mean to be lazy, but there's a ton of info in this thread. Can someone post a list of developments that are still available/not sold out?
Newbie
Apr 20, 2017
32 posts
4 upvotes
rjg4235 wrote:
Jul 26th, 2017 11:20 am
Do you know what an average is? People selling aren't selling some aggregate total of all GTA house types in all cities.

Condos and townhouses are now selling more than they were less year. Disproportionately more too as houses sit longer on the market. This brings the average transaction down. It does not mean prices are down that much. If you look at the housing types by area you can easily see it.

House sales vs last year sales volume down 33%
Townhouse vs last year sales volume down 24%
Condo vs last year sales volume down 19%

https://www.zolo.ca/toronto-real-estate/trends
Hi rjg4235,

i'm talking about difference between April 2017 and July 2017 don't be confused. For sure price was up 33% in April and may be 6% (to be verified) in july compare to last year.

The intention of this message to alert any new home buyers... not to hijack the thread as some people may think (probably some agents ?) we should be able to negotiate the price now. it should not be as Mattemy sold 3 months ago some small houses for more than 1 million in Pickering.
Newbie
Jul 14, 2017
16 posts
3 upvotes
Builders are not stupid. They know the market will go soft in the next little while, and that is why they start to ask for big down payment. Last year, they give u one year to make the last payment. This year, they only give u 120 days. If you default, they will just keep your down payment, and they will probably tell you they will sue you for the balance.
Sr. Member
User avatar
Dec 27, 2007
951 posts
292 upvotes
Oshawa
Builders charge what the public is willing to pay. Whose the stupid one?



JeanMarc40 wrote:
Jul 27th, 2017 8:07 am
Builders are probably not stupid but too greedy.
Newbie
Jul 14, 2017
16 posts
3 upvotes
Nobody.

You win some and you loss some. It is always a profit to risk factor. As a side note, media is now saying the downturn is short lived. I would imagine for those that are sitting on the fence may start coming back.

That is the fun part.
Sr. Member
Feb 22, 2011
936 posts
920 upvotes
Toronto
ben1628 wrote:
Jul 27th, 2017 11:06 am
Nobody.

You win some and you loss some. It is always a profit to risk factor. As a side note, media is now saying the downturn is short lived. I would imagine for those that are sitting on the fence may start coming back.

That is the fun part.
There is evidence to support the media claim. All 3 metrics improved significantly in July. YoY sales decline improved by a quarter, year over year price increase almost doubled and new listings actually down year over year.

Image
Newbie
Jul 14, 2017
16 posts
3 upvotes
Media is always lagging, by the time they find out, it is probably too late.

Hence, "Greed when everybody fear. Fear when everybody greed", :)
Deal Addict
User avatar
Sep 8, 2007
4564 posts
2542 upvotes
Way Out of GTA
Freehold Towns from the $600's. I wonder where the resale comps are currently selling?
MrCeddy wrote:
Jul 27th, 2017 7:19 pm
Whitby Meadows this October
Screenshot_20170727-191619.jpg
Sr. Member
Feb 22, 2011
936 posts
920 upvotes
Toronto
cartfan123 wrote:
Jul 28th, 2017 7:46 pm
Freehold Towns from the $600's. I wonder where the resale comps are currently selling?
mid $500s

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