Real Estate

Listing up, volume up, price down?

  • Last Updated:
  • Feb 28th, 2018 9:56 pm
88 replies
Newbie
Feb 24, 2018
65 posts
70 upvotes
Aren't condo prices up 47% year over year? And detached up 0.5% most recent month?
Deal Guru
Feb 22, 2011
10476 posts
12999 upvotes
Toronto
lol so we are back to any day now?
Deal Guru
Feb 9, 2009
11301 posts
9797 upvotes
rfdchan wrote: We can easily find the recent sales are creeping back to 2016 price.

https://www.mongohouse.com/soldrecords/ ... 6c4e2b3ddb

Wait till those pre-stress test approvals getting used up, we might start seeing an acceleration to the down side.
Hey there are many threads where you can talk about anything you want, we dont need to open anymore unnecessary ones... mods close this down.
Jr. Member
Jun 3, 2017
173 posts
137 upvotes
Sanyo wrote: Hey there are many threads where you can talk about anything you want, we dont need to open anymore unnecessary ones... mods close this down.
Why? Because it doesn't fit your narrative? It's a forum, where people post opinions. If someone takes "facts" from here and makes decisions based on those, well...
Deal Guru
Feb 9, 2009
11301 posts
9797 upvotes
AnotherDesiredUsername wrote: Why? Because it doesn't fit your narrative? It's a forum, where people post opinions. If someone takes "facts" from here and makes decisions based on those, well...
No it creates a mess since this is being talked about in 2-3 other threads... we dont need 10 threads talking about the big bad crash form the same people...
[OP]
Member
Feb 13, 2018
495 posts
532 upvotes
Sanyo wrote: No it creates a mess since this is being talked about in 2-3 other threads... we dont need 10 threads talking about the big bad crash form the same people...
why don't we have a single giant thread call Real Estate then? I didn't know you are the one who get to decide when should everyone else open a new thread.
Penalty Box
Aug 11, 2005
4175 posts
1427 upvotes
Image
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Deal Guru
Feb 9, 2009
11301 posts
9797 upvotes
rfdchan wrote: why don't we have a single giant thread call Real Estate then? I didn't know you are the one who get to decide when should everyone else open a new thread.
Yes.
Sr. Member
Sep 13, 2007
533 posts
136 upvotes
Toronto
meh....i think it's called market fundamentals...places that are fundamentally solid will do well while those that don't, will do bad aka whitby and pickering
Sr. Member
Sep 14, 2007
906 posts
321 upvotes
noobienoob wrote: meh....i think it's called market fundamentals...places that are fundamentally solid will do well while those that don't, will do bad aka whitby and pickering
Luckyinfil is busy scavenging through all the sold properties in Toronto proper to cherry pick a listing for you. Stay tuned...
Deal Guru
Feb 22, 2011
10476 posts
12999 upvotes
Toronto
stryder1587 wrote: Luckyinfil is busy scavenging through all the sold properties in Toronto proper to cherry pick a listing for you. Stay tuned...
The part that makes me laugh is to do this he has to see all the other ones that have sold history like $400k in 2014 and $1m in 2018. Much be driving him mad.
Banned
Aug 28, 2017
301 posts
366 upvotes
The basement dwelling renters are just getting more and more pathetic by the day....

LOL

Hilarious.
Penalty Box
Aug 11, 2005
4175 posts
1427 upvotes
stryder1587 wrote: Luckyinfil is busy scavenging through all the sold properties in Toronto proper to cherry pick a listing for you. Stay tuned...
rjg4235 wrote: The part that makes me laugh is to do this he has to see all the other ones that have sold history like $400k in 2014 and $1m in 2018. Much be driving him mad.
Rocko24 wrote: The basement dwelling renters are just getting more and more pathetic by the day....

LOL

Hilarious.
Image
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Penalty Box
Aug 11, 2005
4175 posts
1427 upvotes
lol it's funny you think i would waste the time to look for these individually, although i would because it makes you supremely mad.

The secret sauce is utilizing big data and machine learning on a datalake of real estate info to collect these.
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Banned
Aug 28, 2017
301 posts
366 upvotes
Luckyinfil wrote: Image
A fairly old (20 years or so) cookie cutter house in Richmond hill sold in Feb for 1.17M....this is news? LOL

No...this shows how expensive homes still remain....

Link me that house when it hits $500k and I will care...hint: NEVER will happen :)

Good day.
Penalty Box
Aug 11, 2005
4175 posts
1427 upvotes
Rocko24 wrote: A fairly old (20 years or so) cookie cutter house in Richmond hill sold in Feb for 1.17M....this is news? LOL

No...this shows how expensive homes still remain....

Link me that house when it hits $500k and I will care...hint: NEVER will happen :)

Good day.
400k drop in a year. Just wait another year or so and it might hit 500k :). Just be patient
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Banned
Aug 28, 2017
301 posts
366 upvotes
Luckyinfil wrote: 400k drop in a year. Just wait another year or so and it might hit 500k :). Just be patient
ok!!
I will be waiting :)

My house is almost paid off, so picking up 2 or 3 more detached homes in 2 years will be amazing!

woohoo!!
Deal Guru
Feb 22, 2011
10476 posts
12999 upvotes
Toronto
Rocko24 wrote: ok!!
I will be waiting :)

My house is almost paid off, so picking up 2 or 3 more detached homes in 2 years will be amazing!

woohoo!!
The ironic part is a lot of people who can't afford houses are cheering more prudent lending and higher rates. Not realizing it will actually make it impossible for them to enter the market. They would still have to compete with people who make more and have a greater access to capital. Whatever they can afford a dozen other willing buyers will be able to afford more.

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