Trending Real Estate Discussion Tags

for

... interested. Usually it's only groups of 5 or 6 that stay a few nights. Either for a wedding, passing through Toronto or visiting family. Sometimes 1 person coming for a work project for a couple weeks. Deleted some details that could be too specific and searchable. http://i64.tinypic.com/erk4k0.jpg

the

So I’ve read stories about people in Toronto trying to back out of deals or having buyers remorse: https://www.theglobeandmail.com/real-estate/toronto/torontos-unpredictable-housing-market-stokes-anxiety/article35164710 https://www.bloomberg.com/news/articles/2017-05-24/toronto-bidding-wars-turn-to-...

and

... working for two years now. Thing is my brother does not want to sell the house; and my wife wants to move soon, so what options do we have? Option 1: Our close friend is ready and willing to co-sign with us; is this something feasable? Option 2: Is there such thing as second mortgage, and what ...

house

... working for two years now. Thing is my brother does not want to sell the house; and my wife wants to move soon, so what options do we have? Option 1: Our close friend is ready and willing to co-sign with us; is this something feasable? Option 2: Is there such thing as second mortgage, and what ...

condo

Wondering how long this trend will last and it's impact on condo prices that are already up 30% YoY as of mid July; "Condo rents grew by more than five per cent between the first and second quarters of 2017, according to statistics shared by Urbanation." “There are a lot of people willing to do what...

mortgage

I thought I would ask RFD folks about my mortgage application. First of all, the property is in Ontario (GTA area). We have effectively two income sources right now, however the second source is employment income from a staffing agency. It's a very steady job, but I've been told that lenders will no...

on

Are you on the sidelines waiting to buy? Here are some questions I have: 1) How much money do you have? 2) What is your salary, or your 2 year average notice of assessment income for you self employed? 3) What dollar value/percentage will you need to see crash ...

home

... interested. Usually it's only groups of 5 or 6 that stay a few nights. Either for a wedding, passing through Toronto or visiting family. Sometimes 1 person coming for a work project for a couple weeks. Deleted some details that could be too specific and searchable. http://i64.tinypic.com/erk4k0.jpg

real estate

Hello, I'm a new real estate salesperson and looking for an accountant to prepare my taxes. Is there anybody in the industry who recommends his/her accountant? Thanks!

what

... working for two years now. Thing is my brother does not want to sell the house; and my wife wants to move soon, so what options do we have? Option 1: Our close friend is ready and willing to co-sign with us; is this something feasable? Option 2: Is there such thing as second mortgage, and what ...

how

A friend of mine proposed an idea to buy land and build a small townhome(fourplex) complex for 4-5 families @ about 2200sqf per each unit. Anyone done it? How possible to do it. Ideally it would be great to buy the land under 1mil and then have the total project cost under 2-2.5mil. I see a lot of m...

to

... working for two years now. Thing is my brother does not want to sell the house; and my wife wants to move soon, so what options do we have? Option 1: Our close friend is ready and willing to co-sign with us; is this something feasable? Option 2: Is there such thing as second mortgage, and what ...

property

Do you guys insure the property for earthquake? I was thinking of doing it, but then I started thinking, and while there is no doubt a big one can come and destroy everything, there is quite a low chance to catch it in our life time (timeframe period is 200-1000 years and we are about 300 years in) ...

toronto

We have sold our house with a short closing and we are looking to buy a condo. We basically have a good idea on which condo we want to buy. Based on our preferred unit size, unit facing direction, unit location.... there are no units available yet in the condo building. We would like to find a short...

question

I currently have a duplex that we live in one unit of. It is CMHC insured and we own about 10-15% of the property depending on current valuation. We are now looking to buy a home for ourselves while keeping the duplex and renting it out. Can we get a CMHC mortgage on this new house we want? I am fee...

you

I have a tenant application that have flags in their credit report: late payments of more than 30/60/90 days. One has been considered bad debt. I am doubting their ability to pay rent. Do I just tell them your application has been denied without reasoning or with reasoning?

buying

http://www.lfpress.com/2017/07/04/londo ... ue-to-boom London home sales are still booming despite sales drop in GTA ..cant understand why can anyone explain ? i saw a beautiful house listed for 280k and sold for 411k

gta

After slightly dip in previous 2 months after the foreigner tax was introduced, condo price finally went up 1% from last 60 days. With rent skyrocketing, seems like condos are becoming hot again, especially those below 500K mark

from

Early this year, my landlord sent a notification e-mail that his wife wants use the condo unit for personal use and wants to evict me by the of July. I verbally agreed to move out by end of July and the landlord notified that he will apply last month's rent deposit for July, no further rent need to ...

new

Not surprised at all when govt tries to meddle in basic supply/demand https://www.thestar.com/business/2017/07/07/toronto-tenants-face-tighter-squeeze-report.html Toronto tenants are facing a tighter squeeze at the first of the month and a tougher hunt for apartments in the wake of Ontario's new Fai...

tax

... to curtail foreign demand in the city and surrounding regions, which some say is pushing home prices beyond what domestic buyers can afford. 1. It used to take 6 years to afford a home in Toronto — now it's more than 15 2. As home prices soar, some first-time buyers reconsider home ownership ...

can

Not a 100 percent real scenario but could happen. Say I have a home purchased 2 years ago for 788k and price is the same now, have about a 100k equity so mortgage is 688k. If I get an opportunity to move to another province and i want to keep this home as a rental and access some of that 100k equity...

rental

Wondering how long this trend will last and it's impact on condo prices that are already up 30% YoY as of mid July; "Condo rents grew by more than five per cent between the first and second quarters of 2017, according to statistics shared by Urbanation." “There are a lot of people willing to do what...

rent

Not surprised at all when govt tries to meddle in basic supply/demand https://www.thestar.com/business/2017/07/07/toronto-tenants-face-tighter-squeeze-report.html Toronto tenants are facing a tighter squeeze at the first of the month and a tougher hunt for apartments in the wake of Ontario's new Fai...

in

I'm thinking that prices will continue the trend and drop another 6-8%. OUCH! The market sentiment has definitely changed and all the buyers are in a wait an see approach. Nobody wants to catch a falling knife or buy a house when they can get it cheaper the next month!

market

One of the consistent trends that everyone is seeing in every neighbourhood is that only the nicest houses on the block are selling. People are no longer getting into a bidding war for garbage tear downs which were likely all speculative purchases. This would imply that the average/median prices are...

this

This house was bought for $625,000 in September of last year.... http://watch.ohmyhome.ca/#/mls/W3598015 It was just listed at $1.085M: http://listings.mcdadi.com/idx/W3851566/Mississauga/964-south-service-rd.html I drove by it a several times during the reno....location in ...

price

One of the consistent trends that everyone is seeing in every neighbourhood is that only the nicest houses on the block are selling. People are no longer getting into a bidding war for garbage tear downs which were likely all speculative purchases. This would imply that the average/median prices are...

heloc

Hi guys, I am in the market to get a HELOC with the best rate. My bank is offering me Prime + 0.5% currently. Is the best rate out in the market? Looking for feedback and if anyone can share their rates/experiences? Appreciate it! Thanks!

condos

Downtown East is good to invest? Time and space is the hottest project in downtown east Toronto @ front and lower shelbourne. Is it a good location to invest or not? Downtown core is out of budget now, everything is over $1000 per sqft or more. I am opening this thread for discussion. Let me know yo...