Clearly no moderator anymore. So much spam!Very interesting as only multi-million dollar houses in Canada have elevators installed... I guess it's another spam post?
Clearly no moderator anymore. So much spam!Very interesting as only multi-million dollar houses in Canada have elevators installed... I guess it's another spam post?
Only a small fraction of the problem.With $133 Billion of dirty money entering Canada annually. The government is enjoying it and don't think anyone would have the guts to stop it.
Tax payers deserve no government
$133 Billion of dirty money in Real Estate
Source? or it didn't happen.With $133 Billion of dirty money entering Canada annually. The government is enjoying it and don't think anyone would have the guts to stop it.
Tax payers deserve no government
$133 Billion of dirty money in Real Estate
Another spam post, advertising a business preying on new immigrants. Btw, renovating an old/crippling home is never a good idea and for the following reasons:One of the best options is buying old houses and renovating them. My family and I bought our house some years ago, and we changed almost 90% of it. We even decided to change the elevator. At first, the part including the elevator seemed the most complicated, almost impossible. However, with the help of hinchong.com, we managed to do everything in time and perfectly. They were super professional and made us trust the process. Here is one of the points that shows you that if you truly want something, you can achieve it.
This is part of neoliberal economic policy, which we have to live with since ideas of Milton Friedman and his Chicago school became predominant in the Northern America. Its implementation started with Reagan/Thatcher, and this is an outcome of those policies. The idea, among other things, is to allow any illicit behavior, as long as it leads to profit gains and is working hand in hand with government institutions. Such policies inevitably lead to conditions that we are commonly associating with third word country standards. Dirty minds like dirty money.With $133 Billion of dirty money entering Canada annually. The government is enjoying it and don't think anyone would have the guts to stop it.
Tax payers deserve no government
$133 Billion of dirty money in Real Estate
There might be a good angle in buying an old house for the purpose of renovating (if we are talking about somewhat livable place to begin with).2. Contrary to common stereotypes, it's actually cheaper to buy a brand new home than buy an old one and then completely renovate it: a builder/developer gets all the materials and crews at the lowest price, because of wholesale leverage mass builder has. And those savings are readily passed on to you. Just ask builder how much the options (countertops, wood floors, kitchen cabinets and etc.) cost and then , for comparison, do your own research, see how much you will have to pay for materials and labor to install the same options on your own. You will see a difference of up to 50% ,sometimes much more.
Of course, old and falling apart house will be significantly cheaper than a new one. If the sole objective is affordability, then there could be little to no choice but to buy an old house and live in it, as is. Just don't buy it with a goal to turn it into sparkling, redesigned "brand new" house. The only time you could do it and come on upside is if you had plenty of cash and were a general contractor/builder yourself.
Many of the new developments are also poorly built with the lowest standards. Many of the older homes are much better quality. You have to do your due diligence.There might be a good angle in buying an old house for the purpose of renovating (if we are talking about somewhat livable place to begin with).
You can live there while renovating (my friends do it). You can extend your renovation indefinitely, spreading your expenses over longer period of time. You can do some stuff yourself and save money there. Overall, it might be even more expensive than buying a new place but it can be affordable as you don't have to incur huge costs upfront.
Also, older homes tend to seat on the larger lots than new ones, so in the end, you might end up with a nicer property
I agree with your last point, many new homes sit on smaller lots. But, if you really want a new house on a large lot, you can get that too. They are fewer and in between, but they are available if you search. You will pay the same premium for the land, whether the house standing on it is new or old. Therefore, if you can afford to pay for a large lot in highly prestigious area, you probably can afford to buy a new house on it too. And if you don't mind moving away from big hubs/cities, you can get huge lots for very little.There might be a good angle in buying an old house for the purpose of renovating (if we are talking about somewhat livable place to begin with).
You can live there while renovating (my friends do it). You can extend your renovation indefinitely, spreading your expenses over longer period of time. You can do some stuff yourself and save money there. Overall, it might be even more expensive than buying a new place but it can be affordable as you don't have to incur huge costs upfront.
Also, older homes tend to seat on the larger lots than new ones, so in the end, you might end up with a nicer property
But there are multiple offers. Do you suppose they are just friends of the real estate agent?The bubble is heated by real estate agents! To be honest i see houses skyrocketing in few days!
ridiculous !
the market still seems hot. My friend put in an offer few days ago and she said there were 12 other offers.But there are multiple offers. Do you suppose they are just friends of the real estate agent?
Exactly. Inventory and low interest rate are more likely than real estate agents heated up the bubble.the market still seems hot. My friend put in an offer few days ago and she said there were 12 other offers.