Timing is everything isn’t it? We were just getting by most of our lives. Then in 2003 we sold everything and moved to Edmonton. We bought a new house 05 and sold it two years later and pocketed $250,000.
When I got the cheque from the lawyer I was literally dancing down Jasper Ave. My wife said I looked like George Costanza when his wedding got postponed.
- shack67

I've made 500K profit thus on a pretty small house I bought in Pickering in 2009. It's nice. I wish I wasn't so poor ta the time or I'd have a house worth over a million.

Any market where people take mortgages based on 2 salaries, prices are inflated.
(There was a discussion before on quality of life, working pressure etc - a simple measure would be to only permit mortgages based on 1 salary; better for parents, better for kids, better for family as a whole - only worse for banks, governments (taxes) and developers, obviously
- MaximusAurelius

And this is why you don't let pretend doctors have any control over your life whatsoever.

We were really hurting when we bought that house. Second marriage but first house for both of us and as bad as it was, it would have been even harder later. Yard was pole shaped, 9 feet across at the back, just barely enough room to get car into cars port. Moved out to double lot on ravine to house where we didn't have nearly enough furniture.

Still miss Toronto though (in non pandemic times)
- Canada Cup

My parents bought their first house in the early-mid 1960s. Paid (iirc) $19,800 - and my dad still tells the story how he was pressured into it by my mom - he never thought they could afford it. He thought they were ruined.

They actually looked at houses a few streets away - slightly larger houses, but they were $22,000 - it simply wasn't feasible.

Any market where people take mortgages based on 2 salaries, prices are inflated.
(There was a discussion before on quality of life, working pressure etc - a simple measure would be to only permit mortgages based on 1 salary; better for parents, better for kids, better for family as a whole - only worse for banks, governments (taxes) and developers, obviously
- MaximusAurelius

Wonder why anyone bother to study economy - it's really simple stuff!

https://twitter.com/Super70sSports/status/1305548792465371138

Some of the comments here are franking gold.
- Atomic Wedgie

No kidding. I can't believe I survived growing up.

I've made 500K profit thus on a pretty small house I bought in Pickering in 2009. It's nice. I wish I wasn't so poor ta the time or I'd have a house worth over a million.
- RogerRoeper

In the late 1990s, my wife and I were living in a giant house in the Annex that had been chopped up into five different apartments.

While we were living there, it went up for sale: $700,000.

It's got to be worth at least $4,000,000 now - and that's a conservative estimate.

If you give me a time machine...

For sure, his fall from grace, or significance rather, started before the Auston Matthews Covid stuff.. Even before Dubas was hired
- PatC80

The most embarrassingly bad article ever written was the garbage about Kessel, where not even a single word of it was correct.

Simmons is, and always has been, a (frank)ing goof. The sooner he is gone, the better.

You guys know that, instead of buying real-estate, it’s better to rent.

My parents bought their first house in the early-mid 1960s. Paid (iirc) $19,800 - and my dad still tells the story how he was pressured into it by my mom - he never thought they could afford it. He thought they were ruined.

They actually looked at houses a few streets away - slightly larger houses, but they were $22,000 - it simply wasn't feasible.
- Atomic Wedgie

I don't want to sound like the Monty Python skit but different eras. My parents were married in 1930. They built their house with wood that someone used to pay my dad for representing him in court.

This housing market talk is depressing.

For the record, buy a home for your family, invest the rest. Don't buy a second home.

Yes, because women shouldn't work.

Amirite, Maxi?!?!?!
- Atomic Wedgie

Such a pathetic response. Where did I say that?

In the late 1990s, my wife and I were living in a giant house in the Annex that had been chopped up into five different apartments.

While we were living there, it went up for sale: $700,000.

It's got to be worth at least $4,000,000 now - and that's a conservative estimate.

If you give me a time machine...
- Atomic Wedgie

I just checked prices of houses from street Roncesvalles area where we lived. For longest time I was sure we couldn't afford to move back. Our house here worth more now. Yeah, we win.

To Chi: Kerfoot + Holl + 2020 1st (15OA) + 2020 4th (LV) + 2020 7th (STL)

To Tor: Murphy + Strome + 2020 1st (17OA) + 2020 3rd (CHI)

In the late 1990s, my wife and I were living in a giant house in the Annex that had been chopped up into five different apartments.

While we were living there, it went up for sale: $700,000.

It's got to be worth at least $4,000,000 now - and that's a conservative estimate.

If you give me a time machine...
- Atomic Wedgie

In that area, and it's converted to 5 different units.. You'll probably get more than $4M

This housing market talk is depressing.

For the record, buy a home for your family, invest the rest. Don't buy a second home.
- Aaron_85

This house is the first house we looked at when we were moving. We looked at 3 others after. The price came down in the meantime and it's just been home.

It's funny - with all the over-rated leafs of the past 50 years, Mark Hunter soars above all.

His drafts were an absolute failure, beyond his high 1st rounders, that my dog could have picked.
- Atomic Wedgie

16/17 drafts look pretty bad yeah

I just checked prices of houses from street Roncesvalles area where we lived. For longest time I was sure we couldn't afford to move back. Our house here worth more now. Yeah, we win.
- Canada Cup

I do know that in Mississauga, the property values have more than doubled in the past 10 years... If I had to buy my 1st home now, I wouldn't be able to afford it..

I don't want to sound like the Monty Python skit but different eras. My parents were married in 1930. They built their house with wood that someone used to pay my dad for representing him in court.
- Canada Cup

My grandfather was a carpenter - he built his house in Riverdale (where my parents grew up).

Here's my dad's favourite story:

When they were building "New City Hall" my grandfather cut a deal with the cement truck guys. Whenever a truck's cement was deemed not high enough quality, instead of it going to be dumped at the Leslie Street Spit, it was diverted to my grandfather's house - where he laid a cement driveway that my dad described as "at least a foot deep."

My dad always laughed about how some yuppie probably bought the house, decided to upgrade the driveway to interlocking stone, and ended up spending $1 million just to get all the concrete excavated.

Damn, I may have to take a little drive and see the driveway. I don't think I've seen the house in 45 years.

Such a pathetic response. Where did I say that?
- MaximusAurelius

Right around the part where you said that mortgages should only be permitted based upon one salary.

This housing market talk is depressing.

For the record, buy a home for your family, invest the rest. Don't buy a second home.
- Aaron_85

A second home just sounds like twice the work.

No thanks.

The most embarrassingly bad article ever written was the garbage about Kessel, where not even a single word of it was correct.

Simmons is, and always has been, a (frank)ing goof. The sooner he is gone, the better.
- GreatGigInTheSky

The article was dogpoop.

What made it worse was when it was proven that Simmons was wrong, he refused to apologize.

I do know that in Mississauga, the property values have more than doubled in the past 10 years... If I had to buy my 1st home now, I wouldn't be able to afford it..
- PatC80

My GF and I just bought in Scaborough.

We regularly search for properties in Simcoe/Kawartha and around Kelowna just to see what we could actually own for what we paid.

I've made 500K profit thus on a pretty small house I bought in Pickering in 2009. It's nice. I wish I wasn't so poor ta the time or I'd have a house worth over a million.
- RogerRoeper

I don’t know what today’s kids are gonna do. Housing prices are beyond ridiculous.

Right around the part where you said that mortgages should only be permitted based upon one salary.
- Atomic Wedgie

yes because it's a great idea everyone gets the same house at double the price?
And families have to depend on social tax breaks for childcare / daycare or other ways, because they cannot reduce their working hours in order to combine with having a family?
Never said a woman should stop working - I said the mortgage should not be based on two (full, adding that here for clarification) salaries

I do know that in Mississauga, the property values have more than doubled in the past 10 years... If I had to buy my 1st home now, I wouldn't be able to afford it..
- PatC80

My parents sold theirs 2 weeks ago for 1.27mil.