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Jr. Member
May 2, 2017
162 posts
268 upvotes
Jungle wrote:
Jan 12th, 2018 12:18 pm
Mclister (founder of ratespy) just sold his house..
It's quite Interesting that rate spy guy sold his house. An agent i know has been trying to selling two of his detached homes. he lives in one and is renting out the other and owns another condo that he is renting out as well. He is planning on moving back into condo and selling both detached houses.
Member
Feb 23, 2009
278 posts
287 upvotes
Oshawa
rjg4235 wrote:
Jan 12th, 2018 12:15 pm
I don't think a single person in this thread said they would never rise.
Sanyo and the other perma-Bulls has been telling me rates will not going up for months now.
What gives?!?!?
[OP]
Deal Addict
Feb 22, 2011
2001 posts
1819 upvotes
Toronto
pkrash wrote:
Jan 12th, 2018 12:46 pm
Sanyo and the other perma-Bulls has been telling me rates will not going up for months now.
What gives?!?!?
I haven't been following the conversation too closely but I remember them saying they will probably hold off on increasing them to see impact of min wage increase. I don't think anyone said they would never go up.
Deal Addict
May 31, 2007
4589 posts
1711 upvotes
Quite a change from last summer: 5 year bond yields
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Member
Feb 23, 2009
278 posts
287 upvotes
Oshawa
rjg4235 wrote:
Jan 12th, 2018 12:51 pm
I haven't been following the conversation too closely but I remember them saying they will probably hold off on increasing them to see impact of min wage increase. I don't think anyone said they would never go up.
Lots here. Go have a read.
Bulls in denial for a while.

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Deal Addict
May 31, 2007
4589 posts
1711 upvotes
rjg4235 wrote:
Jan 12th, 2018 1:04 pm
Looks a little different if you don't start at the bottom though;

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Check out the long term chart from 1990s.. bond yields have gone down for 25-30 years. Might explain why the current bull market in Toronto went so long.
Deal Addict
May 31, 2007
4589 posts
1711 upvotes
ud8077 wrote:
Jan 12th, 2018 12:37 pm
It's quite Interesting that rate spy guy sold his house. An agent i know has been trying to selling two of his detached homes. he lives in one and is renting out the other and owns another condo that he is renting out as well. He is planning on moving back into condo and selling both detached houses.
Seems like some "smart money" is out. Speculators/ flippers left holding the bag, fighting for the exits. Might be too late now. (BTW we're at the "return to normal stage" .. ) OFSI + raising interest rate will be fear stage.

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[OP]
Deal Addict
Feb 22, 2011
2001 posts
1819 upvotes
Toronto
Jungle wrote:
Jan 12th, 2018 1:13 pm
Seems like some "smart money" is out. Speculators/ flippers left holding the bag, fighting for the exits. Might be too late now. (BTW we're at the "return to normal stage" .. ) OFSI + raising interest rate will be fear stage.
The fact you claim to know which phase we are in, on an econ 101 graph I might add, is really juvenile.
Deal Fanatic
Jan 27, 2006
7027 posts
2045 upvotes
Vancouver, BC
Jungle wrote:
Jan 12th, 2018 1:13 pm
Seems like some "smart money" is out. Speculators/ flippers left holding the bag, fighting for the exits. Might be too late now. (BTW we're at the "return to normal stage" .. ) OFSI + raising interest rate will be fear stage.

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I would argue that the smart money has been out for a while now. That's why it's the smart money - it's usually out after the majority of the fast gains in any market (ie. before the general public knows what's going on).
Deal Addict
Jul 14, 2002
1076 posts
355 upvotes
craftsman wrote:
Jan 12th, 2018 1:37 pm
I would argue that the smart money has been out for a while now. That's why it's the smart money - it's usually out after the majority of the fast gains in any market (ie. before the general public knows what's going on).
smart money was out at the greed phase already. i have friends that sold their detached in 2015 after owning it for over 20 years. 300k -> 1.2 million.
no doubt it went on to reach 1.5/1.6 heights in 2016/2017, but that's mania and it's back to ~1.3 now.
Deal Fanatic
Jan 27, 2006
7027 posts
2045 upvotes
Vancouver, BC
dantey wrote:
Jan 12th, 2018 2:02 pm
smart money was out at the greed phase already. i have friends that sold their detached in 2015 after owning it for over 20 years. 300k -> 1.2 million.
no doubt it went on to reach 1.5/1.6 heights in 2016/2017, but that's mania and it's back to ~1.3 now.
Yep! Smart money typically sells to the dumb money which sells the dumber money...
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User avatar
Oct 26, 2003
27550 posts
1851 upvotes
Winnipeg
dantey wrote:
Jan 12th, 2018 2:02 pm
smart money was out at the greed phase already. i have friends that sold their detached in 2015 after owning it for over 20 years. 300k -> 1.2 million.
no doubt it went on to reach 1.5/1.6 heights in 2016/2017, but that's mania and it's back to ~1.3 now.
if you buy another property, do you have to pay capital gain on the entire gain made from the sell or just the difference in gain between the 2 houses? because while your property sell made gains but the cost of buying another property also goes up, effectively wiping out the gains.
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Jul 14, 2002
1076 posts
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divx wrote:
Jan 12th, 2018 2:19 pm
if you buy another property, do you have to pay capital gain on the entire gain made from the sell or just the difference in gain between the 2 houses? because while your property sell made gains but the cost of buying another property also goes up, effectively wiping out the gains.
no capital gain tax if it's your your primary residence.
FYI: they downsized to a townhome within the same city.
Deal Addict
May 31, 2007
4589 posts
1711 upvotes
rjg4235 wrote:
Jan 12th, 2018 1:21 pm
The fact you claim to know which phase we are in, on an econ 101 graph I might add, is really juvenile.
Pretty simple psychology chart, not unreasonable to see how this applies to past, current and future market.

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