Post # 16
My aunt bought a house in brampton at 1.1 million and our house here is nicer at 460,000! She had maybe 500 more sq footage, but that’s the difference with toronto life… eesh i’d never live her elol
Edit My mothers house haha Fiance and I live in an apartment
Post # 17
We just bought our house in KS. We have a little over 1,400 sqft which doesn’t include the basement. We paid about 135K. I am so glad houses in the midwest are cheaper!
Post # 18
Uhhhhhhg we gotta get outta Toronto lol
Post # 19
faith9: i bought just outside of toronto, but have about 600sqft for 250k 2 years ago. if you are looking for some savings and are okay with gotrain access to the city try etobicoke or oakville? or maybe the east end?
Post # 20
1680sq ft – 300K – Northern VA.
Post # 21
faith9: So tough to say! Optimistically I think prices will keep rising (or at least remain steady). My husband thinks there will be a correction and prices will adjust and possibly drop a bit. I have no idea what to do in terms of selling where we live now or later, it’s really unpredictable because of the dollar.
Not sure if we’d go outside the core.. At this point anyways. I like the convenience and hate the idea of commuting.
Post # 22
faith9: I feel your pain. We are currently renting a condo in downtown TO that is 1100 sq ft (2 bedroom, 2 bathroom) in a brand new luxury condo building. Our real estate agent told us that the owners purchased it for $900,000! It’s nice and all, but really?!?!
Post # 23
Inner ring suburb of a major eastern US city. We just paid (as in, closed a week ago!) $420,000 for a 1007 sq foot condo.
Would have preferred to be in one of the more urban areas but we were priced out. But at least we’ll still be able to take public transit to work rather than driving, and the commute won’t be too long (~25-30 minutes by bus for me).
Post # 24
I have a 450 sq ft bachelor suite that I paid $97, 900 for two years ago. It’s in downtown Edmonton. I felt like the market there was crazy, I can’t imagine living in Toronto and trying to buy a home! We live on an acreage 20 minutes from Saskatoon mow and got a fully developed yard and a finished 1075 sq ft house on 10 acres for $360, 000 and I still feel like that’s a little high, lol. I’m used to small town real estate I guess. You can buy a renovated 1200 sq ft or larger house on a double lot for $150, 000 in my hometown.
Post # 25
- Wedding: March 2016 - Surfer\'s Beach, Grand Cayman
I was a Toronto bee as well, we were looking at condos around old Weston rd area because the dowtown ones were too tiny and expensive but we decided to buy a home in Hamilton instead, since the market is rising so much here we knew it would be a good investment. We also felt like the resale on a condo would likely not be profitable in Toronto. We got a 3 bedroom semi right downtown for 175,000 and because we were able to put down a large down payment, our mortgage is only $500. Its definitely different living here but so far we like it a lot, surprisingly.
Post # 26
We live in Long Island 875k for 2k sq ft
Post # 27
- Wedding: December 1969 - City, State
We bought 4 years ago – downtown TO in the st Lawrence market. $389k for a 1+1, 2bath loft. I think it’s a little over 900sqft.
Post # 28
We’re in the bay area, where a 2bd condo can start around $550K and go up from there.
Post # 29
faith9: Paid $175k for my 3 bed 2.5 bath condo (~1250 sqft) in 2012. It has a small patio (less than 500 sqft) and an attached two car garage, the HOA fees are super high ($340/month) and we hate the regulations and attitude of the board. It was a foreclosure and needed a lot of work so I put in about $25k in renovations and it’s worth about $250k now (or more, depending lol). We live about an hour away from Los Angeles.
We’re looking to buy a house within the next year but we will probably have to stay in our area instead of moving more westward (toward LA) due to the prices. I’ve heard conflicting stories about the bubble bursting again early 2016… but IDK if we can wait until after because what if it takes another two years instead of just the one? Lol. Real estate is a great investment but always a risk in a market like we’ve seen the last 10 yrs or so, all about timing and luck and being the accepted bid 😉 We’d prefer to buy foreclosures always and put money into it so that at least mortgage wise we’re above water.
Post # 30
My condo in Langley, BC, about 45 minutes out of Vancouver, was $250,000 for just over 800sq.ft in a brand new development. The same condo, in the next phase in the development, is going for about $15,000 more now.