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There is no bubble like the bubble in Canada. From the start of the Pandemic there were Houses that went from 800k to 1.5 million in 6-12 months. Even today the

There is no bubble like the bubble in Canada. From the start of the Pandemic there were Houses that went from 800k to 1.5 million in 6-12 months. Even today they are still going up. Here is how messed it is. A listing 4 hours North of Toronto. 800k plus for a shit hole with nothing around. https://www.realtor.ca/real-estate/26200220/255-town-line-road-w-huntsville https://www.realtor.ca/real-estate/26200220/255-town-line-ro...

giantg2 3y ago
At least the property tax is reasonable.
applied_heat 3y ago
It’s 1.4 acres 3 minutes from all the amenities of huntsville which I see has a hospital, multiple community swimming pools etc. the house has two kitchens so easily you can rent out a suite. The house is not in the middle Of the lot so you can Sell half the land. Honestly looks like a good buy from where I’m sitting in BC.
randomdata 3y ago
> Here is how messed it is. A listing 4 hours North of Toronto. 800k plus for a shit hole with nothing around. Advertisements are not transactions. Said house first listed for $999,999 back in May[1], but didn't sell. It has been listed for $825,000 for over a month now and still hasn't sold. You can slap a billion dollar price tag on a house if you want. That doesn't mean there is a buyer and says nothing about the state of the market. > Even today they are still going up. No. The overall market peaked in early 2022[2] and has been on the downward trend since. In [2] you will even see the infamous dead cat bounce, which is strongly indicative of the crash having already happened, with the market now just trying to figure out where the bottom is. [1] https://housesigma.com/on/huntsville-real-estate/255-town-line-road-w/home/weQp5yODWR17d0ZE?id_listing=XRla7gb0oLgyjEvL https://housesigma.com/on/huntsville-real-estate/255-town-li... [2] https://images.ctfassets.net/gm6df3h7p862/642MhWekUf7LM5PNniVBst/5795d5ce3ae1d34f71b8f90ca1decc1b/natl_chartA04_xhi-res_en.png?w=800&q=50 https://images.ctfassets.net/gm6df3h7p862/642MhWekUf7LM5PNni... [3] [3] https://creastats.crea.ca/en-CA/ https://creastats.crea.ca/en-CA/

giantg2 3y ago

At least the property tax is reasonable.

applied_heat 3y ago

It’s 1.4 acres 3 minutes from all the amenities of huntsville which I see has a hospital, multiple community swimming pools etc. the house has two kitchens so easily you can rent out a suite. The house is not in the middle Of the lot so you can Sell half the land. Honestly looks like a good buy from where I’m sitting in BC.

randomdata 3y ago

> Here is how messed it is. A listing 4 hours North of Toronto. 800k plus for a shit hole with nothing around. Advertisements are not transactions. Said house first listed for $999,999 back in May[1], but didn't sell. It has been listed for $825,000 for over a month now and still hasn't sold. You can slap a billion dollar price tag on a house if you want. That doesn't mean there is a buyer and says nothing about the state of the market. > Even today they are still going up. No. The overall market peaked in early 2022[2] and has been on the downward trend since. In [2] you will even see the infamous dead cat bounce, which is strongly indicative of the crash having already happened, with the market now just trying to figure out where the bottom is. [1] https://housesigma.com/on/huntsville-real-estate/255-town-line-road-w/home/weQp5yODWR17d0ZE?id_listing=XRla7gb0oLgyjEvL https://housesigma.com/on/huntsville-real-estate/255-town-li... [2] https://images.ctfassets.net/gm6df3h7p862/642MhWekUf7LM5PNniVBst/5795d5ce3ae1d34f71b8f90ca1decc1b/natl_chartA04_xhi-res_en.png?w=800&q=50 https://images.ctfassets.net/gm6df3h7p862/642MhWekUf7LM5PNni... [3] [3] https://creastats.crea.ca/en-CA/ https://creastats.crea.ca/en-CA/