I haven't been in their offices for a while but they also had a reputation for hiring a specific look. You'd think you were walking into Ford Modeling Agency not a home builder.
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COVID and the housing market
- Thread starter mimico_polak
- Start date
Median FAMILY income in Mississauga is $83k per year
Median house cost $1 million
Average basement apartment going for $1700-1800
So at 25% of income for shelter, median households can afford a basement.
You think this whole house of cards, pardon the pun, might just break sometime
Median house cost $1 million
Average basement apartment going for $1700-1800
So at 25% of income for shelter, median households can afford a basement.
You think this whole house of cards, pardon the pun, might just break sometime
The number I always see is 1/3 not 1/4. Now at 1/3 I am sure there is absolutely no getting ahead.Median FAMILY income in Mississauga is $83k per year
Median house cost $1 million
Average basement apartment going for $1700-1800
So at 25% of income for shelter, median households can afford a basement.
You think this whole house of cards, pardon the pun, might just break sometime
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That's for "affordable" housing not housing that you can afford by compromising elsewhere. Most people (renting and mortgaged) are above 1/3. Probably in the ballpark of half (rent or mortgage+maintenance+property tax).
A Canadian billionaire and homebuilder just gave the Hospital for Sick Children (SickKids) the single largest donation in the hospital's history. Peter Gilgan, the founder of Mattamy Homes, donated $100 million to SickKids to help redevelop the hospital's campus.
I'm sure there are counter opinions but...........
On the listing / selling price scam, a bungalow down the street listed at $1.249 M when $1.6 was more realistic.
Surprise! It sold in four days at $1,624,800. The realtor worked hard to get an extra 30% out of it (Not).
Quite livable but not a candidate for Architectural Digest.
Surprise! It sold in four days at $1,624,800. The realtor worked hard to get an extra 30% out of it (Not).
Quite livable but not a candidate for Architectural Digest.
Mikedezo44
Well-known member
back when they had to twist peoples arm to move ALLLLLLLL the way out/up to Milton....now they could set up a 1990 travel trailer in an empty field with a fat bald guy in there smoking a cigarette and they'd sell out.Another landlord regretting long term leases I guess...
Tenant being sued by landlord in an ongoing dispute at a Hamilton mountain townhouse complex - CHCH
Tenant being sued by landlord in an ongoing dispute at a Hamilton mountain townhouse complex
www.chch.com
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Mad Mike
Well-known member
8 incomes per basement fixes that problem.Median FAMILY income in Mississauga is $83k per year
Median house cost $1 million
Average basement apartment going for $1700-1800
So at 25% of income for shelter, median households can afford a basement.
You think this whole house of cards, pardon the pun, might just break sometime
Mad Mike
Well-known member
I remember my dad being thrilled when he sold his 100 acre farm in Milton in 1990 for $4000/acre.
Another landlord regretting long term leases I guess...
Tenant being sued by landlord in an ongoing dispute at a Hamilton mountain townhouse complex - CHCH
Tenant being sued by landlord in an ongoing dispute at a Hamilton mountain townhouse complex
The numbers are vague but I toyed with buying ~20 acres for $20K out that way in the late 60's.
In 1990 that was a fair price, depending on where it was , if he wanted to sit there for another 25yrs , he would have picked up another 3 million. But like all the farmers that cashed out ( my folks ) , they were all done milking cows and took the money and moved to town.
I'm currently laughing at all the signs around North Oakville " Save Our Farms" ...... um who's farms?? and who the F wants to farm in south Halton? Only the guys in 2800sg ft McMansions that like the idea of living near farms are up in arms. Oh and no pig or chicken operations , those stink, just grow corn.
I'm currently laughing at all the signs around North Oakville " Save Our Farms" ...... um who's farms?? and who the F wants to farm in south Halton? Only the guys in 2800sg ft McMansions that like the idea of living near farms are up in arms. Oh and no pig or chicken operations , those stink, just grow corn.
I am trying to buy a farm out this way but have no intention of actually farming it I just want to dirt bike.
Sent using a thumb maybe 2
No intention for an actual motocross track just trails through the woods
Sent using a thumb maybe 2
Not sure anyone would ever notice if I was shooting clays as there's a gun club one road away
Sent using a thumb maybe 2
Well the prices will start running up in Calgary I guess…Frak if only I had the money to build my own real estate empire.
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We're still considering Edmonton as the alternative. A friend asked why we would consider moving to a place where the value of our home wouldn't increase as much as other places potentially might over time (in his opinion Ottawa and Calgary were better options)... It was an interesting point as it showed the difference in mindset for someone thinking of a home as an investment (him) and someone just looking for an affordable place to live and raise a family (me). My wife and I are both of the mindset of being debt free as early as possible in our lives - what we're looking for (3 bedroom townhome w/ 2 car garage) is about $300K there vs. $1.25M apparently in Uxbridge. Had a few interviews so far but none attractive enough to make the switch yet. Next one is in a couple of weeks and seems to be the most promising of the lot...Well the prices will start running up in Calgary I guess…Frak if only I had the money to build my own real estate empire.
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Priller
Well-known member
At risk of sounding patronising, I'm hoping you've spent enough time in Edmonton to be aware of what you're signing up for. I'm talking about things more complex than, "You know it gets cold in the winter there, right?"
For me, having spent time working in both cities, I'd be looking at Winnipeg first, but that's obviously personal preference...
Edmonton is not at the top of where I would want to live. Can't see the mountains, if I worked in fort Mac maybe. On long weekends its bumper to bumper towards Jasper. I quess everyone wants out of the city for the weekend.
I moved east instead, still almost affordable.
I moved east instead, still almost affordable.
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