The Official Toronto Discussion Thread

[MikelArteta]

However, I'm finding a lot of vacancies in apartments across town tho and tons of buildings offering discounted rent

yeah people are moving back home or further away. If you don't have to go to work downtown why would you continue paying such high rent. While some people love downtown many people just lived downtown because it was close to work.

 

[SNG]

How what the fukk is going on. Half the fukking city is closed down and real estate is still sorrowing. Unbelievable.

 

[Malcolmxxx_23]

Who would buy a house in toronto in 2021

 

[jdubnyce]

How what the fukk is going on. Half the fukking city is closed down and real estate is still sorrowing. Unbelievable.

Never been cheaper to borrow money. You can find rates sub 1%

Sauga is booming. Sales in a day/two. >Milly for shytty detached

And it's only Feb

 

[RedCloakBlackWraithe]

housing market not even phased by the pandemilovato

foreign investment aka money laundering in the local housing market is the reason for this.

 

[MikelArteta]

Never been cheaper to borrow money. You can find rates sub 1%

Sauga is booming. Sales in a day/two. >Milly for shytty detached

And it's only Feb

yeah I've seen it in my neighborhood houses listed for like 1.2 but they sell for 1.6
Like how are these people getting the money even with 10% down thats like 150-160k and you're still stuck with a mortage over a mill

 

[MikelArteta]

foreign investment aka money laundering in the local housing market is the reason for this.

It's not this bad anywhere else. Example nyc you can find cheap affordable properties (200-350k) like 45-50 min away same with san francisco etc.

Here in toronto nope even places like hamilton you're looking at 6-800k, barrie same thing.

that old only buy a house 3 times what you make

 

[Malcolmxxx_23]

It's not this bad anywhere else. Example nyc you can find cheap affordable properties (200-350k) like 45-50 min away same with san francisco etc.

Here in toronto nope even places like hamilton you're looking at 6-800k, barrie same thing.

feds already asking people to repay their cerb

 

[MikelArteta]

feds already asking people to repay their cerb

Meh I haven’t got a red cent from the government for all the stress I’ve gone through since March. No pandemic pay, nothing.

I’ll take this 500 dollar tax credit they are offering for work at home and buy some ethereum

 

[Amestafuu (Emeritus)]

people who weren't eligible. folks tried to play stupid games.

feds already asking people to repay their cerb

 

[MikelArteta]

atlanta


2863 Bluestone Dr SW, Atlanta, GA, 30331 | realtor.com®


Dallas

1510 N Washington Ave Unit 303, Dallas, TX, 75204 | realtor.com®


toronto

Check out this listing



I'm 35 and I remember in 2003 when I was 18 and my parents were buying a house in thornhill and my dad was upset because my mom wanted a house that was 319,000 , I also remember brand new condos at that time going for 119,000

I also remember even as soon as 2015 brand new condos you could rent for 1,200. I also remember even in 2018 you could buy a condo in the low 300s

This is not sustainable, one of my close friends was looking to buy a condo they make over 100k and were approved for a mortgage of 440k.

 

[RedCloakBlackWraithe]

It's not this bad anywhere else. Example nyc you can find cheap affordable properties (200-350k) like 45-50 min away same with san francisco etc.

Here in toronto nope even places like hamilton you're looking at 6-800k, barrie same thing.

that old only buy a house 3 times what you make

didn't even think about that but yeah you're right, brampton, sauga, hamilton, shyt caledon, even whitby is expensive, oshawa too

 

[Food Mane]

Meh I haven’t got a red cent from the government for all the stress I’ve gone through since March. No pandemic pay, nothing.

I’ll take this 500 dollar tax credit they are offering for work at home and buy some ethereum

If your employer will sign it, you are much better off submitting a t220a. Let's say a 1/3 of your phone and internet and 500sq feet for an office, plus a couple hundred for office expenses. You will be way over 500. Part me thinks this 500 dollar credit they are offering is so more people don't use the t220a.

 

[MikelArteta]

If your employer will sign it, you are much better off submitting a t220a. Let's say a 1/3 of your phone and internet and 500sq feet for an office, plus a couple hundred for office expenses. You will be way over 500. Part me thinks this 500 dollar credit they are offering is so more people don't use the t220a.

thanks

 

[Food Mane]

thanks

Here it is: T2200 Declaration of Conditions of Employment - Canada.ca