Queensville vs New Seaton
I am considering buying a new single detached house in a new development. From investment point of view witch of these 2 developments have more potential?
Feb 19th, 2016 10:46 am
Feb 19th, 2016 11:49 am
Feb 19th, 2016 11:56 am
Feb 19th, 2016 12:04 pm
Feb 19th, 2016 12:32 pm
"to the moon", is all you need to tell yourself.
Feb 19th, 2016 3:15 pm
Feb 22nd, 2016 2:42 pm
Feb 23rd, 2016 7:15 am
Feb 23rd, 2016 8:21 am
Feb 23rd, 2016 10:07 am
Feb 23rd, 2016 12:05 pm
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Feb 23rd, 2016 1:06 pm
Feb 23rd, 2016 1:23 pm
I originally owned on the west side of the GTA and now currently in Durham. My opinion is with the recent infstructure investment to the area and the current value in RE is why you are seeing the increase. It would be premature and maybe unrealistic to compare west GTA to east currently, but I believe 10 yrs from now the gap will be much closer.NorthYorkEd wrote: ↑But are people moving to Durham because they really want to live there, or are they settling for it because it's all they can afford (for the type of housing they want)? Desirability and affordability are two different things and need to be taken into account when contemplating the long-term growth prospects of an area.
Sounds to me like this is a bit of a gold rush, with a good dose of market panic thrown in. There are very sound reasons for expecting appreciation (based on the past and current trends), but what I would be concerned about is the ability to carry that forward over the long-term.
Feb 23rd, 2016 1:53 pm
Good points, I don't understand why Durham isn't more expensive then it is compared to rest of the GTA. Tons of big box stores/amenities all within a very short drive. Also It has the best go train system in the GTA. Express trains from Pickering get you downtown in 27 mins I believe. Also it has all day service because they use the CN/VIA lines. Good connectivity to the 401 and pretty damn close to the lake.NorthYorkEd wrote: ↑But are people moving to Durham because they really want to live there, or are they settling for it because it's all they can afford (for the type of housing they want)? Desirability and affordability are two different things and need to be taken into account when contemplating the long-term growth prospects of an area.
Sounds to me like this is a bit of a gold rush, with a good dose of market panic thrown in. There are very sound reasons for expecting appreciation (based on the past and current trends), but what I would be concerned about is the ability to carry that forward over the long-term.
Feb 23rd, 2016 2:17 pm
Feb 23rd, 2016 2:39 pm
Feb 23rd, 2016 3:21 pm
Feb 23rd, 2016 3:22 pm
Jan 2nd, 2021 9:21 pm
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