Admiral Beez
Superstar
When you live in downtown east for 25 years and you see how the city dumps a vastly disproportionate share of its services for the homeless, addicted and mentally ill in the neighbourhood.... well, you go there.
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Baby, we got a bubble!?
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Undead
Senior Member
Surely better than having them on the street with which you were also displeased, justifiably.
Admiral Beez
Superstar
If those are the only two options, yes. But I see no reason that services for the homeless, addicted and mentally ill can’t be evenly distributed across the city and province.
slickpete83
Active Member
the real problem with Canadian Housing vs USA
slickpete83
Active Member
^
, i see your point , but this is not part of the core functions of the B.A.C. and maybe they don't want to criticize the current levels of governments when it comes to dumb policy ,taxing, zoning , higher immigration numbers , red tape in building permits etc...
both USA & Canada have really low interest rates and USA doesn't have this housing problem like we do
, i see your point , but this is not part of the core functions of the B.A.C. and maybe they don't want to criticize the current levels of governments when it comes to dumb policy ,taxing, zoning , higher immigration numbers , red tape in building permits etc...both USA & Canada have really low interest rates and USA doesn't have this housing problem like we do
slickpete83
Active Member
great watch regarding real estate agents and commissions
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Admiral Beez
Superstar
If I ever sold my house I would do it without a realtor whatsoever. Toronto houses, especially in in-demand areas sell themselves, so what’s the purpose of paying $50,000 or more commission to an agent when you can go to a lawyer for the same paperwork for under $1k?
homeflippers.ca
And never, ever sign the seller disclosure document that the realtor pushes on you. That’s to protect them and to move all blame onto you. My house is over 100 years old and whilst I’ve updated wiring and plumbing, I can’t attest to everything behind the walls. Let the buyer do their due diligence and check the wiring, plumbing, etc. There is no upside to the seller in providing this declaration.
www.westmountmag.ca
Complete Guide on How to Sell Your House Privately in Ontario (2025 Update)
Your home is likely one of your most valuable assets. For many Ontario homeowners, it represents decades of mortgage payments, maintenance, and steadily
homeflippers.ca
And never, ever sign the seller disclosure document that the realtor pushes on you. That’s to protect them and to move all blame onto you. My house is over 100 years old and whilst I’ve updated wiring and plumbing, I can’t attest to everything behind the walls. Let the buyer do their due diligence and check the wiring, plumbing, etc. There is no upside to the seller in providing this declaration.
Real Estate Talk: The seller’s declaration - Westmount Magazine
The seller’s declaration indicates all the issues that the property comes with. By Joseph Marovitch. The state of the property – Westmountmag.ca
www.westmountmag.ca
Admiral Beez
Superstar
Someone must have the income to drive this demand.
VoicesCarry
Active Member
We are in the middle of the greatest intergenerational wealth transfer in history and there is no supply to keep up with demand.
Admiral Beez
Superstar
I thought that was when the Boomers inherited. Whereas Boomers themselves are retiring and expiring with record levels of debt.
Nearly half of Canadians count on inheritance for retirement — will they actually get any money? - National | Globalnews.ca
Boomers are retiring in debt, giving out money to their children earlier in life and, often, not leaving behind a will
globalnews.ca
Ottawa conference focuses on seniors taking debt to the grave
An increasing number of seniors in Canada are carrying debt to the grave. No pension plan, unexpected costs, and even adult kids living at home are all part of a financial burden weighing down our elderly. For many seniors, there's nothing golden about their retirement. In fact, a growing number...
ottawa.ctvnews.ca
VoicesCarry
Active Member
I'm not talking about poor seniors. I'm talking about wealthy ones. Part of what is driving prices up is this transfer of wealth through gifted downpayment (and other financial gifts) to children. $30T will be changing hands.I thought that was when the Boomers inherited. Whereas Boomers themselves are retiring and expiring with record levels of debt.
Nearly half of Canadians count on inheritance for retirement — will they actually get any money? - National | Globalnews.ca
Boomers are retiring in debt, giving out money to their children earlier in life and, often, not leaving behind a willOttawa conference focuses on seniors taking debt to the grave
An increasing number of seniors in Canada are carrying debt to the grave. No pension plan, unexpected costs, and even adult kids living at home are all part of a financial burden weighing down our elderly. For many seniors, there's nothing golden about their retirement. In fact, a growing number...
https://www.forbes.com/sites/markha...nd-what-are-the-implications/?sh=772204e24090
Here are some stats on downpayment gifting:
https://torontorealtyblog.com/blog/gifting-for-a-down-payment/
Admiral Beez
Superstar
I can see that. I can’t imagine ask one’s parents to go into debt to finance my home though. So, unless they’ve got free cash sitting around, leave your parents alone. I know one guy who pressured his retired mom into getting a 2nd mortgage so he could take her money for a down payment.
How Supporting Adult Children Can Ruin Your Retirement - Good Financial Cents®
The problem is when we sacrifice our own financial goals and well-being to support kids who should learn to support themselves.
www.goodfinancialcents.com
Midtown Hank
Active Member
If one looks at the 3D moedelling of the proposed and under construction devlopment of condominiums (not to mention the sprawl occuring in communities east, west and north of the GTA), the supply of housing will grow at a blistering rate. In fact, if even half the stuff on the drawing boards gets built, there will be an oversupply of housing. The promose of development riches is attracting a lot of very inexperienced developers and my feeling is it will not end well for many. The big guys can all sustain a hit and they continue full speed ahead knowing they can withstand it. They just don't know when the sh*t will hit the fan, so they keep going so as not to miss out on all the short term gains.
slickpete83
Active Member
keep in mind immigration will be +450k per year(Canada) , by the time everything get built.... , those condos buildings take like 7 years from start to finish
slickpete83
Active Member
Baby, we got a bubble bath
