- John Maynard Keynes
Behold, true glory. #PCMasterRace!
Mar 20th, 2017 1:30 pm
Mar 20th, 2017 1:41 pm
True, if we measure rich with net worth instead of income. Some Canadians save and invest more intelligently and diligently than others. Also, some families have been saving for longer, nothing we can do about that.
Mar 20th, 2017 2:08 pm
Mar 20th, 2017 2:13 pm
Mar 20th, 2017 2:28 pm
As soon as people stopped dreaming of a detached home, they can live almost anywhere in a good location. Those who dream of a detached home are now living in New Market, Aurora etc. Whether they work near there or not.
Mar 20th, 2017 6:51 pm
Mar 20th, 2017 9:28 pm
Mar 20th, 2017 9:39 pm
Did they got rich from shady business practices and taking jobs from America (globalism)?ccyk wrote: ↑Mar 20th, 2017 9:28 pma bit OT but demonstrate how cheap canada RE are (or you can say how expensive oversea RE are), real news, just out today...
New condo sales in HK
So a bunch of rich people lining up for a whole day to buy a condo on top of train station in HK, there are hundreds of them, so developer group them into different tiers, and sell to them in order. A1 tier are those buying 2+ 4bed room units. there are 270 parties in A1. the cheapest unit, low level without view, cost about C$4.25million, so they are paying at least C$8.5M. A2 tire are just buying 1 unit and there are hundreds of them. All condo sold out by ticket 36, the number 38 guy complained he couldnt buy. RE agent told him he is lucky to even see the presentation center, there are hundreds of multi-millionaires downstairs lining up the whole morning and didnt even get to enter the building before sold out.
new condo sold in HK sold out in a day, develop bump up 10% to release phase 2 and again sold out in one morning at C$5951/sqftt.
rich people think RE in HK is too cheap/demand is too great/ they are too rich.
Mar 20th, 2017 9:47 pm
congrats toronto, you've done it!Condo Prices Across The GTA Rose…Again
The price of a condo across the Greater Toronto Area (GTA) is still moving higher. The average sale in February was $481,194, a 19.2% increase from the same time last year. Breaking that down, a condo in the 905 was slightly more affordable, with an average price of $404,460, a 23.6% increase. As for the 416 proper, the average reached $515,424 – a whopping 23.6% increase from last year. This makes the average 416 sale higher than the benchmark price of a detached home in Calgary. Interesting since Calgary is the third largest city in Canada, but has a significantly higher median family income.
Mar 20th, 2017 9:56 pm
No... They got rich from flipping real estate.
Mar 20th, 2017 9:56 pm
Mar 20th, 2017 9:57 pm
What is there to talk about. Mark being the delusional failure engineeer too good to get his hands dirty and blame everyone else for his lack of success or dearsummer who is an arrogant businessman who thinks he owes nothing to his hardworking employees and think they are all cheap labor. Different sides of the same coin. Surely they both would fail together if mark77 worked for dearsummer.
Mar 20th, 2017 10:03 pm
Mar 20th, 2017 10:04 pm
still must hurt to see over half of your pay goes to the government, so they can have yet another scandalzakarydoks wrote: ↑Mar 17th, 2017 2:45 pmNot as a couple. Just the higher earner. The other one decided to take it easy and stay home, a luxury not afforded by our parents' generation. This is your typical Canadian though, spolied and entitled. The world is much more competitive now and they are having trouble adjusting. Life is not a safe space.
Mar 20th, 2017 10:05 pm
I think it was the engagement everyone brought out of everyone form their unique or (unusual) personalities.spike1128 wrote: ↑Mar 20th, 2017 9:57 pmWhat is there to talk about. Mark being the delusional failure engineeer too good to get his hands dirty and blame everyone else for his lack of success or dearsummer who is an arrogant businessman who thinks he owes nothing to his hardworking employees and think they are all cheap labor. Different sides of the same coin. Surely they both would fail together if mark77 worked for dearsummer.