Real Estate

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  • Last Updated:
  • Dec 28th, 2018 12:24 pm
Jr. Member
User avatar
Nov 30, 2014
159 posts
209 upvotes
Toronto
Ameliaski wrote: The home is a few mins walk to Rouge Hill Go. It’s about 1300sqft above grade with about $30k spent on renovations. With today news about home prices going down drastically setting a record after 22 years I am concerned now if I overpaid. Any advice or anything to make me feel better is appreciated Loudly Crying Face
Link to this?
Sr. Member
Aug 11, 2009
710 posts
120 upvotes
Toronto
Ameliaski wrote: Thank you everyone, I appreciate your advice. The intersection is Port Union and Lawrence. The property is about 20 years old. I personally liked the area and actually all semis in the area are listed at above 720k so I sorta got lucky maybe?
haha this may sound a little creepy but I think I "almost" know which one you bought, my relatives are from that area as well. Enjoy your new place and don't worry about the price, you got a decent deal.
no external links allowed
Deal Addict
Apr 14, 2017
1137 posts
441 upvotes
DT Calgary
Ameliaski wrote: The home is a few mins walk to Rouge Hill Go. It’s about 1300sqft above grade with about $30k spent on renovations. With today news about home prices going down drastically setting a record after 22 years I am concerned now if I overpaid. Any advice or anything to make me feel better is appreciated Loudly Crying Face
If you can afford it and it’s going to be your principal residence for awhile, it doesn’t matter.
Last edited by FreshCo on Dec 17th, 2018 8:36 pm, edited 1 time in total.
Deal Guru
Feb 29, 2008
11025 posts
6195 upvotes
Sanyo wrote: BlogTO is your source? Jesus I should start my own blog and write out nonsense...
I busted out laughing when I saw the link. The desperation is hilarious.

Did you read the responses? We have some seriously dumb people on this planet. There are people who are begging for a crash so they can finally afford a house. This is the society we live in now. The have nots unwilling to work so the whole system needs to be changed. Everyone has to suffer in order for them to get what they want. Just stupid people. Forget the people who didn't come from money but busted their asses to buy property. Those people get shafted. Should a dumb group. They think they will be unaffected by a housing crash? When they're out of a job, will they cry to the government to "do something!!!!!"?
Last edited by JayLove06 on Dec 17th, 2018 6:40 pm, edited 1 time in total.
Member
Feb 13, 2018
468 posts
459 upvotes
Just enjoy your place.

We all have opinions about how future will unfold and I can assure you we all have been wrong before.

And enjoy what you have is always the best strategy.

Happy Holidays
Deal Guru
Feb 29, 2008
11025 posts
6195 upvotes
If you can afford it and you love it, who cares? I've lived in homes that made me good money and was miserable. Most important thing is how you feel about your home. If it's great then you won.
[OP]
Jr. Member
User avatar
Sep 9, 2015
112 posts
75 upvotes
North York, ON
Thank you everyone! The area is still pretty affordable compared to other Semis inside Toronto. Sooo passing my good luck to anyone still looking around for a decent priced home Smiling Face With Smiling Eyes
Sr. Member
User avatar
Nov 1, 2001
703 posts
196 upvotes
Toronto
Ameliaski wrote: The home is a few mins walk to Rouge Hill Go. It’s about 1300sqft above grade with about $30k spent on renovations. With today news about home prices going down drastically setting a record after 22 years I am concerned now if I overpaid. Any advice or anything to make me feel better is appreciated Loudly Crying Face
in the long term you'll come out ahead. as long as you like the place, don't worry about it.
Deal Fanatic
Jul 3, 2011
5652 posts
2845 upvotes
Thornhill
That's a questions best asked about securities not real estate.
Jr. Member
Nov 5, 2017
132 posts
109 upvotes
Lol too late to do anything. You will know in few years you overpaid or not
Deal Addict
User avatar
Jul 8, 2010
1304 posts
1007 upvotes
Ontario
This is a perfect example on how comments are made here. Oh, it's BlogTo, that may be a piece of s..t article. And you don't even bother to look at article. Because then you can see from where the data is coming... But what expectation can you have form "word-masters" like the ones below....

StatsCan's New Housing Price Index for October 2018 shows that, while the cost of a new house in Toronto fell just 0.1 per cent between September and October, it plummeted at a faster rate than we've seen since 1996 over the preceding 12 months.
Sanyo wrote: BlogTO is your source? Jesus I should start my own blog and write out nonsense...
JayLove06 wrote: I busted out laughing when I saw the link. The desperation is hilarious.
Deal Fanatic
Feb 9, 2009
8794 posts
6165 upvotes
Isostar wrote: This is a perfect example on how comments are made here. Oh, it's BlogTo, that may be a piece of s..t article. And you don't even bother to look at article. Because then you can see from where the data is coming... But what expectation can you have form "word-masters" like the ones below....

StatsCan's New Housing Price Index for October 2018 shows that, while the cost of a new house in Toronto fell just 0.1 per cent between September and October, it plummeted at a faster rate than we've seen since 1996 over the preceding 12 months.
0.1% down is plummeting? Again...as you said words... oooo scary everyone sell sell sell and move outta here... Isostar is gonan tell us the next great place to put your money.
Deal Addict
User avatar
Jul 8, 2010
1304 posts
1007 upvotes
Ontario
Sanyo wrote: 0.1% down is plummeting? Again...as you said words... oooo scary everyone sell sell sell and move outta here... Isostar is gonan tell us the next great place to put your money.
As usual, your are missing the point. Point made here is your posting is bashing BlogTo. Which is just posting data from StatsCan.... So is BlogTo article correct or not?

Related to your posting, 0.1% down after increase every month in last 19 years may be big, if StatsCan considered they need to put that in front. Does this impact on RE market? Not at all, at least for now....

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