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Thread: Winners and Losers from last night's election

  1. #11
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    Quote Originally Posted by rf2 View Post
    Mike, when was the last time you looked into real estate prices??
    Like Werner said..a few years back when they were building new areas and the signs said 'Houses starting at $420K"

    edit add: I just looked and there are plenty of homes under $500K..on the second page (51-76)

    The last 4 are townhouses under $400K..

    https://www.ottawarealestate.ca/barr...et-statistics/
    Last edited by MikePal; September 21st, 2021 at 02:52 PM.

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  3. #12
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    I'm thinking I will build my last house out of those shipping containers and put them on a slab. Lot faster then building out of wood.

  4. #13
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    Quote Originally Posted by MikePal View Post
    From what I see in the burbs like Barrhaven in Ottawa, Immigrants are doing well...$400K homes and new SUV's in the driveway...I often wonder 'How?" HaHa..
    My banking buddies told me that the vast majority of "new" Canadians have brought vast amounts of cash assets with them,especially,those who came from Hong Kong,southeast and central Asia. That helps a lot when they apply for financing. We all know that when it comes to banks,money talks and BS walks.
    How come there's a handicap parking space in front of the liquor store?

  5. #14
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    Quote Originally Posted by werner.reiche View Post
    North Kanata you can't buy a townhouse for under 600k. These are properties that went for 300k four years ago.
    200 acre farm near Eganville 50 cleared/150 hard maple. Auctioned for 1.2m.

    ...and I do like the word "assetocracy"... it's a very accurate way of describing the current economic situation.
    It really separates the the haves and have nots.

    I have two daughters - both engineers, 4 years apart in age.
    That 4 years puts the older one into the "assetocracy", while the other is one of the "have nots".
    History will will be very, very harsh with the boomers.

    You guys would be shocked at the prices in Oxford County. Lol

  6. #15
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    Quote Originally Posted by werner.reiche View Post
    North Kanata you can't buy a townhouse for under 600k. These are properties that went for 300k four years ago.
    200 acre farm near Eganville 50 cleared/150 hard maple. Auctioned for 1.2m.

    ...and I do like the word "assetocracy"... it's a very accurate way of describing the current economic situation.
    It really separates the the haves and have nots.

    I have two daughters - both engineers, 4 years apart in age.
    That 4 years puts the older one into the "assetocracy", while the other is one of the "have nots".
    History will will be very, very harsh with the boomers.
    200 acre farm for $1.2M........that is a deal!

  7. #16
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    Still a buyers market right now until the rates start to creep up. Had a house list on my street for $2.2 and the guy sold it for $2.7 three days later. I have no clue who bids $500k over asking but apparently he, or his wife must have loved the house.

  8. #17
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    $6000 a acre sure is unless itís under water

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