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  1. #61
    Registered User Anachron's Avatar
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    Originally Posted by MirinCanadian99 View Post
    Same garbage in Montreal. Housing prices is unreal and I always hear boomers selling their 20k house in 1950 for a million in 2020.

    I don’t think its gonna fix itself anytime soon unless a massive recession hits the entire world. And the cuck governments need that sweet real estate money.
    Median house price in Montreal is ~$350K? Nowhere near Vancouver and Toronto, and pretty much cheaper than anywhere in the Golden Horseshoe.

    Originally Posted by winston89418 View Post
    Housing cost has compared to median income back then was normal (also education costs). The interest rates were much high which is pretty much the only negative. I am planning to move somewhere else but not sure where. I use to live in Alberta but oil is tanking and the whole economy is trashed atm with no jobs.
    Look at what I wrote, then look at what you wrote, then try replying again.

    "The interest rates were much higher which is pretty much the only negative". Run an amortization table of a mortgage at 7.5% or higher, please.
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  2. #62
    Bland 3basic5me's Avatar
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    Originally Posted by MirinCanadian99 View Post
    Same garbage in Montreal. Housing prices is unreal and I always hear boomers selling their 20k house in 1950 for a million in 2020.

    I don’t think its gonna fix itself anytime soon unless a massive recession hits the entire world. And the cuck governments need that sweet real estate money.
    how will that correct it? brookfield will gobble up all the real estate while we're laid off pinching pennies.
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  3. #63
    Allied Allies Alliance VTheKing's Avatar
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    Originally Posted by jizzfarmer View Post
    At least in Vancouver it's somewhat worth it. Imagine paying these insane prices to live in Canada's wealthiest and most affluent neighbourhood and still being subject to BBC violence:

    [img]

    Talk about insult to injury. Toronto is a dindu infested shthole. Give it a couple of years and it'll be the next Chicago. Already shootings every phuking day.
    Toronto is behind most Prairies cities in murder rates, let alone Chicago.

    https://www.statista.com/statistics/...opolitan-area/

    The Canadian average is 1.8. The GTA's is 2.26.

    The US Average is 5.0. Chicago's is 20.7.

    https://www.thetrace.org/2018/04/hig...s-cities-list/


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  4. #64
    WOATbrah of peace :) sooby's Avatar
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    feels bad man

    I'd like to say housing nearly doubled in the last 15 years. Toronto is basically the cum dumpster of money laundering. Too many people parking their money into real estate and just leaving it there. Prices are fuking ridiculous. Rent is also fukn ridiculous, even in Scarborough where I live. I don't mind not living in the city anyways, I'm only 20 minutes from downtown so I don't really care, I think it's overrated. If you're looking to buy a decent 2 bedroom condo in the GTA it's probably around 400-500K. It kinda sucks too because all the jobs are around the GTA area too, not much opportunity elsewhere. I'm probably a few years off buying my first place. People that have already penetrated that market even 6-7 years ago are kinda lucky. My cousin bought an apartment in Markham around that time and made bank off of it a few years later. Sucks man but you gotta do what you gotta do. I get jealous a little bit as there are many half decent cities to live in America with a lot cheaper housing. In Canada not so much.

    We should all mass emigrate from Toronto/Vancouver so every neighbourhood is literally international students and old boomers and empty houses held for money. Maybe then the govt will do something ayyy
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  5. #65
    Registered User winston89418's Avatar
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    Originally Posted by Anachron View Post
    Median house price in Montreal is ~$350K? Nowhere near Vancouver and Toronto, and pretty much cheaper than anywhere in the Golden Horseshoe.



    Look at what I wrote, then look at what you wrote, then try replying again.

    "The interest rates were much higher which is pretty much the only negative". Run an amortization table of a mortgage at 7.5% or higher, please.
    montreal is creeping up there. It was more affordable but rumour is foreign investors are switching there because of the foreign tax in GVA and GTA.
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  6. #66
    Registered User winston89418's Avatar
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    Originally Posted by VTheKing View Post
    Toronto is behind most Prairies cities in murder rates, let alone Chicago.

    https://www.statista.com/statistics/...opolitan-area/

    The Canadian average is 1.8. The GTA's is 2.26.

    The US Average is 5.0. Chicago's is 20.7.

    https://www.thetrace.org/2018/04/hig...s-cities-list/


    Simmer down your obsession with big black dicks.
    to be fair must the crime is done by aborignals in the praires (no racist). Although the petty chit, vancouver is king.

    Originally Posted by sooby View Post
    feels bad man

    I'd like to say housing nearly doubled in the last 15 years. Toronto is basically the cum dumpster of money laundering. Too many people parking their money into real estate and just leaving it there. Prices are fuking ridiculous. Rent is also fukn ridiculous, even in Scarborough where I live. I don't mind not living in the city anyways, I'm only 20 minutes from downtown so I don't really care, I think it's overrated. If you're looking to buy a decent 2 bedroom condo in the GTA it's probably around 400-500K. It kinda sucks too because all the jobs are around the GTA area too, not much opportunity elsewhere. I'm probably a few years off buying my first place. People that have already penetrated that market even 6-7 years ago are kinda lucky. My cousin bought an apartment in Markham around that time and made bank off of it a few years later. Sucks man but you gotta do what you gotta do. I get jealous a little bit as there are many half decent cities to live in America with a lot cheaper housing. In Canada not so much.

    We should all mass emigrate from Toronto/Vancouver so every neighbourhood is literally international students and old boomers and empty houses held for money. Maybe then the govt will do something ayyy
    I am so jelous of florida or texas. You can legit get a mansion for 700-800k. Here you would get a 1bd condo not even 1k square feet.
    even california isnt that bad excluding san fransico compared to here.
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  7. #67
    Registered User Anachron's Avatar
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    Originally Posted by winston89418 View Post
    montreal is creeping up there. It was more affordable but rumour is foreign investors are switching there because of the foreign tax in GVA and GTA.
    I don't know what you mean by "creeping up there":

    1 Toronto, Ontario 921,000
    2 Vancouver, British Columbia 878,242
    3 Victoria, British Columbia 763,517
    4 Kitchener-Cambridge-Waterloo, Ontario 583,144
    5 Calgary, Alberta 570,084
    6 Hamilton, Ontario 535,520
    7 Oshawa, Ontario 480,700
    8 Saskatoon, Saskatchewan 385,580
    9 Edmonton, Alberta 378,247
    10 Ottawa, Ontario 373,200
    11 Montreal, Quebec 349,000
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  8. #68
    Got That Sack freshnevafrozen's Avatar
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    Originally Posted by Anachron View Post
    I don't know what you mean by "creeping up there":
    Gotdamn, I cannot imagine spending $600,000 on a house in Kitchener LOL
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  9. #69
    Bland 3basic5me's Avatar
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    brahs, i need to marry a native girl. SRS. no sales tax on all your shopping. free tuition for your kids. no income tax if they work on a reserve. that's a huge amount of savings.
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  10. #70
    Bland 3basic5me's Avatar
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    Originally Posted by freshnevafrozen View Post
    Gotdamn, I cannot imagine spending $600,000 on a house in Kitchener LOL
    K-W and Guelph is booming. lot of big companies have their offices there. waterloo and laurier. quiet city. virgin amish chicks. the house will be worth 1 mil in a decade. a lot of people moving there from the GTA plus there's a sizeable chinese community there too.
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  11. #71
    Registered manlet mkx1775's Avatar
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    It's hilarious watching House Hunters on HGTV and some Canadian couple's budget is almost $1mil (even if it were CAD, still a lot) and they can only afford a trashy looking bungalow rofl.
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  12. #72
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    There's so many fancy cars on craigslist now in Vancouver, people's cashflow dried up and they can't keep up the instagram life no mo. It might take a while for this to hit the housing, but it's coming.
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  13. #73
    Registered User puzzycrookz's Avatar
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    CCP can buy all your homes and inflate rental and home prices in your neighborhood but you can’t do the same in their country.
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  14. #74
    Registered User Anachron's Avatar
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    Originally Posted by benedetto27 View Post
    There's so many fancy cars on craigslist now in Vancouver, people's cashflow dried up and they can't keep up the instagram life no mo. It might take a while for this to hit the housing, but it's coming.
    Thanks for the tip, will check this out.
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  15. #75
    Registered User SkiGains's Avatar
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    Originally Posted by benedetto27 View Post
    There's so many fancy cars on craigslist now in Vancouver, people's cashflow dried up and they can't keep up the instagram life no mo. It might take a while for this to hit the housing, but it's coming.
    Link?
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  16. #76
    WOATbrah of peace :) sooby's Avatar
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    Originally Posted by Anachron View Post
    I don't know what you mean by "creeping up there":
    damn kitchener-waterloo is that expensive rofl

    tour is over ontario-cels

    Originally Posted by mkx1775 View Post
    It's hilarious watching House Hunters on HGTV and some Canadian couple's budget is almost $1mil (even if it were CAD, still a lot) and they can only afford a trashy looking bungalow rofl.
    fkn lmao, imagine this house being out of your budget at a bargain of 2.4 million, just fukn lmao at poorcels

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    Originally Posted by SkiGains View Post
    Link?
    https://vancouver.craigslist.org/search/cta

    I've been scrolling all day and still haven't hit a posting from yesterday.
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  18. #78
    Registered User CanuckGame's Avatar
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    Nothing I would love more than the real estate to plummet in BC.

    I sold last month and was going to buy right away but I think I'll sit on the side and watch what happens. Looking to rent a place now to buy some time.
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    High demand, low inventory of new builds, green belt, high price of farm land for developers, UN agendas, fraction of a % interest rate, mortgage deferrals and oh yeah...

    Cuckdeau importing millions of fobs to pump that demand.



    Good luck with your housing crash goals of 2020.
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    Registered User OregonBrah's Avatar
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    The market might crash but I don't know why that would excite you. If/when it happens those homes aren't going to be bought up by poor people. If the banks end up holding a bunch of foreclosures some rich person or investment group will step in and buy the homes in massive blocks for pennies on the dollar.

    In 2008 homes were being sold in massive combined deals. I'm talking single investment groups buying hundreds of homes in major cities at the same time for a major discount. They aren't going to sell you a home for pennies when some rich guy will buy 100+ at that rate all bundled together.
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  21. #81
    ¯\_(ツ)_/¯ TonyTriangles's Avatar
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    Originally Posted by OregonBrah View Post
    The market might crash but I don't know why that would excite you. If/when it happens those homes aren't going to be bought up by poor people. If the banks end up holding a bunch of foreclosures some rich person or investment group will step in and buy the homes in massive blocks for pennies on the dollar.

    In 2008 homes were being sold in massive combined deals. I'm talking single investment groups buying hundreds of homes in major cities at the same time for a major discount. They aren't going to sell you a home for pennies when some rich guy will buy 100+ at that rate all bundled together.
    this. people remember the housing crash in 2008/2009. if and when this happens, investment groups will scoop them up and sit patiently for the economy to rebound.
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    Registered User NeverGymLess's Avatar
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    In 2016 I was going to buy a new two bedroom town home for $330,000 in Langley ( a **** hole suburb ) I passed because I needed loan from my parents . Was making $92,000 a year at the time , late twenties but no savings . That townhouse is now $575,000 in a **** hole and a on bedroom condo in a horrible city is $350,000 . fml
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    Originally Posted by NeverGymLess View Post
    In 2016 I was going to buy a new two bedroom town home for $330,000 in Langley ( a **** hole suburb ) I passed because I needed loan from my parents . Was making $92,000 a year at the time , late twenties but no savings . That townhouse is now $575,000 in a **** hole and a on bedroom condo in a horrible city is $350,000 . fml
    wat were you wasting your money on?
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    Originally Posted by TonyTriangles View Post
    this. people remember the housing crash in 2008/2009. if and when this happens, investment groups will scoop them up and sit patiently for the economy to rebound.
    Op should also look at 08/09 housing prices in Toronto, brief dip. At this price even if it dipped it wouldn’t make a difference, still out of reach for most
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    Read replies. Sounds depressing brahs. Hang in there..
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    Originally Posted by 3basic5me View Post
    wat were you wasting your money on?
    tradie lifestyle brah
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    It will crash. Theres no way it can stay where it is. I've been watching the market in smaller cities in the interior (Kamloops) and on the island (sooke/nanaimo/parksville/comox valley/Campbell River) $500k buys you absolutely nothing but a chithole.

    The average family cannot afford this. To get into a decent house its $600k+ this isnt sustainable. The average joe cannot afford a $3,500/mo mortgage. There are so many people out there living pay cheque to pay cheque, this covid19 chit is going to crush a lot of people.

    The market will come down. Not to 2008 levels but we will see a drop off.
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