This is to invest not move.
Home is when you give directions to your house that begin with ‘take the 401 west and exit off of James Snow Pkwy”.
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| Scugog next place of explosion? Real estate http://www.hawthornevillager.com/phpbb/viewtopic.php?f=1&t=69201 |
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| Author: | suki lai [ Thu Feb 02, 2017 9:02 am ] |
| Post subject: | Scugog next place of explosion? Real estate |
What are your thoughts in investing in scugog ladies and gents, I see potential for an upcoming explosion in the area this year. They went from seeing house prices climb 7-10% per year to over 45% per year (compared to Milton 20%). Anybody own any investments there? http://www.movesmartly.com/2017/02/deta ... ities.html |
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| Author: | Hodor [ Thu Feb 02, 2017 9:18 am ] |
| Post subject: | Re: Scugog next place of explosion? Real estate |
Scugog is like Kitchener with more rats and less pollution and a generally dirtier population. Plus when you have to tell people where you live and say the word "Scugog" it sounds like you're choking on an old sock. |
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| Author: | suki lai [ Thu Feb 02, 2017 9:27 am ] |
| Post subject: | Re: Scugog next place of explosion? Real estate |
This is to invest not move. Home is when you give directions to your house that begin with ‘take the 401 west and exit off of James Snow Pkwy”.
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| Author: | Hodor [ Thu Feb 02, 2017 9:35 am ] |
| Post subject: | Re: Scugog next place of explosion? Real estate |
The article you shared specifically says that the increases are driven not by actual demand but by speculators and investors and is not sustainable. Did you even read it? Quote: This sudden surge in house prices had nothing to do with supply constraints - this increase was the result of a sudden increase in the demand for homes. Demand that I believe is the result of a significant increase in the number of investors/speculators, both foreign and domestic. A view shared by others in the real estate industry. Quote: A 27% annual increase in house prices is not normal, not sustainable and if left alone to run its course will eventually end badly for all. I say buy it! |
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| Author: | The Home Hunter [ Thu Feb 02, 2017 9:39 am ] |
| Post subject: | Re: Scugog next place of explosion? Real estate |
FYI - there were two sales, one at $1.6M and one at $2.2M that skewed the average up by over $200k. Without those, average price in January 2017 so far is $520k. |
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| Author: | suki lai [ Thu Feb 02, 2017 10:49 am ] |
| Post subject: | Re: Scugog next place of explosion? Real estate |
Scugog is 450 transactions Jan16/Jan17 Avrg yr + yr is drastic scugog behavior |
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| Author: | Wolverine [ Thu Feb 02, 2017 11:13 am ] |
| Post subject: | Re: Scugog next place of explosion? Real estate |
suki lai wrote: Scugog is 450 transactions Jan16/Jan17 Avrg yr + yr is drastic scugog behavior Hate to say it Suki Lai you are not investing. You are speculating. But in this climate go for it since: 1) Economic cycles are no longer present; we are always in a state of constant growth. 2) They are not making anymore land. Ontario is almost full so you better hurry. 3) Canada will always bring in tons of immigrants and everyone of them needs to own a house. 4) Cost of living is going down and wages are constantly increasing. 5) Ontario as a province has no debt and taxes will never go up. 6) Anything going on outside of Canada does not matter; politically, economically etc. 7) Interest rates will forever stay at almost zero and nothing can change this. |
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| Author: | Totalpkg [ Sat Feb 04, 2017 8:18 am ] |
| Post subject: | Re: Scugog next place of explosion? Real estate |
And what about the 10% deline... |
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