We drove into YYZ this aft to buy my son dinner, he had a 3hr gap to fill before heading off to Portugal. Wife and I both agreed we would never make that commute on a regular basis , and it was a light day.
Folks buying in Cambridge and burning a 50K car every 5 yrs , fuel upkeep and 1.5hrs of your life each way ? not a chance.
Up at 5:30 AM to feed and drop off kids at baby sitter / day care. Drop off one spouse then the other one gets down town. Pick up kids at daycare / babysitter, get home, feed them, shove them into bed and hit the sack to repeat next day.
My wife works with similar , one leaves grimsby at 6am for a 7::00 start in Oakville , 12hr shift , home by 9
Other leaves Orangeville at 5:30 , home by 9 or 9:30 . There are others with equally rediculous life / work balance .
My wife works with similar , one leaves grimsby at 6am for a 7::00 start in Oakville , 12hr shift , home by 9
Other leaves Orangeville at 5:30 , home by 9 or 9:30 . There are others with equally rediculous life / work balance .
I haven't heard any more about the speedy cross lake hovercraft from St Catherines to Toronto. A 20 minute trip across the lake followed by an hour's hike to TTC service. Boarding and disembarking times extra.
A normal 1500 sq ft family house probably 60 yo outside of barrie just sold. Sold for 60% more than 2018 sale. Probably would have been 20% higher a year ago. The important point is it is yet another data point that the "collapse" has not happened and the window of buyers that are potentially underwater is quite short.
A normal 1500 sq ft family house probably 60 yo outside of barrie just sold. Sold for 60% more than 2018 sale. Probably would have been 20% higher a year ago. The important point is it is yet another data point that the "collapse" has not happened and the window of buyers that are potentially underwater is quite short.
Few of my friends are RE lawyers and they have been super busy in the last two weeks than the last six months or so. The term I keep hearing is "heating". Should be an interesting spring market.
Obviously great swathes of similar homes will have a different curve than unique ones or more desirable locations.
Also obvious is buying in 2022 but 2021 purchases made ground earlier in the year. The chart only shows January / February. The next edition could have fewer people happy.
Houses in our area are generally selling in a week or so if the seller isn't living in a 2022 mindset.
County of simcoe is proposing a 176 unit affordable housing development in barrie (20 rose st if anyone wants more info). Two towers with podium on a 4.5 acre site. Projected cost is $186M. Wtf. That means the best case is 1.06M per unit. What a loser. Renting that out for anything approaching affordable will be a dumpster fire. Add in the government funding cost overruns and economics will get even worse. How the hell did they end up over 1M per apartment in barrie? Everyone associated with this needs to be fired.
EDIT:
Fair market value rent for those (including paying off the loan, monthly maintenance fees and property tax) would be north of $6000 without anyone trying to make a profit. I have no idea what they think is "affordable" but the economics are a complete failure. This needs a complete rethink. They need a design where units cost less than 500K to build to even remotely have a chance.
County of simcoe is proposing a 176 unit affordable housing development in barrie (20 rose st if anyone wants more info). Two towers with podium on a 4.5 acre site. Projected cost is $186M. Wtf. That means the best case is 1.06M per unit. What a loser. Renting that out for anything approaching affordable will be a dumpster fire. Add in the government funding cost overruns and economics will get even worse. How the hell did they end up over 1M per apartment in barrie? Everyone associated with this needs to be fired.
EDIT:
Fair market value rent for those including paying off the loan, monthly maintenance fees and property tax would be north of $6000 without anyone trying to make a profit. I have no idea what they think is "affordable" but the economics are a complete failure. This needs a complete rethink. They need a design where units cost less than 500K to build to even remotely have a chance.
Hell, for less than half the money, they could buy condos at fmv. Setup distributed housing instead of a ghetto. First one could be ready for occupancy in a week instead of years. I see almost zero upside to the turd they are currently proposing.
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