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Won't you be my neighbour

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JPSmit

JPSmit

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Many will know that Toronto is the second hottest real estate market in Canada - after Vancouver. we didn't have the collapse of 2008 - it just slowed for a month (really)

This is a starter home or a tear down next door to our house - yikes! I find it almost unimaginable.

https://www.realtor.ca/Residential/...Y-THIRD-ST-Toronto-Ontario-M8W3H3-Long-Branch

Oh and our neighbourhood is rated 47 out of 140 by Toronto Life Magazine - so not even close to fancy!
 
Too much snow around it, sorry! :highly_amused: PJ
 
You need to sell, move down here, and pocket the difference. (Probably over half!)
 
Bodes well for your retirement, JP!

I do know the feeling. We work for the school district in a resort town (Park City, UT) and live one town over. We would love to live closer to our office, but the prices in PC have gotten beyond silly. 'Tis the way of a scarce resource, I suppose. Most of the people I know that live in PC bought there 20+ years ago before it boomed. Too late for us I think.

And too far a commute to live over where Mickey does, sadly. :grin:
 
drooartz said:
Bodes well for your retirement, JP!:grin:
Click to expand...

It does indeed - we don't have the kind of sunshine laws that places like Florida do - so can't check the selling price but, three years ago, the house was listed for a mere half million. I read recently that if you live in a single detached home in Toronto you are building $8000 worth of equity per month! So yes, this is the retirement plan.

Mickey would love to come your way but, I suspect we will stay local for a while. My brother lives two hours east of me in what is arguably the nicest (or close to) nicest driving/ sailing area in the province and you can buy a nice waterfront home for 350k - hmmmm
 
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