HawthorneVillager.com

No not even close
Milton area is skyrocketing in value
Neighbour cities (eg Brampton) have maintained value

And if staying in Milton higher net worth gives you opportunity to afford a larger house (and even roll some extra costs into mortgage to let you breathe easier)
Plus from what I have seen old Milton has not had such a steep climb in value so buying an older larger home is easily doable

Not really there are lots of other ways (eg lower interest rates, a percentage point makes a HUGE difference & I saw BMO had a great promo on again)

Demographics, and lack of supply. Will reverse in a couple of years.
Before that happens more craziness.

Similar cycle has happened 30 years ago, and 30 before then.
You can thank the US Federal Reserve for causing the Great Depression and the chain reaction that followed.
Increased immigration into Canada form unaffected parts of the world will mitigate the cycles in the future.

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Jezu Ufam Tobie

Crux sacra sit mihi lux! Non draco sit mihi dux!

Correct sir!
It doesn't have to be as far as Stratford, but you're right. But then to realize that gain, you'd have to do something productive with the money you're taking out as well, UNLESS you think there's a deline coming in the near future, or if you are cashing out for your retirement.

_________________
Fred De Carolis
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MAN have these ever gone up recently as well. Even the smallest Cherrywood / Amesbury is in the $330s now.
The entire sub-600k market is in HUGE demand here in town.

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Fred De Carolis
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I have my fingers crossed.....

How about the homes on Stewart Crescent?

Those homes are gorgeous and are always in demand to the more discerning buyer, but these buyers do have more choice now with the higher end stuff populating the west end. That said, there's no location quite like Stewart, especially the side backing onto greenspace. A nicely staged Stewart home should still only take a few weeks to sell (without underpricing of course!).

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Fred De Carolis
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I wonder what my 130' x 134' lot in old Milton would bring.

A LOT more than it would have even 2 years ago.
The demand for the older areas has shot through the roof since the mattamy HVOP phases started going in. So many clients of mine (and my colleagues on here) have recently decided they are sick of the 36x80 lifestyle and want a little more space around them, but they dont want to leave town to get it. Some people just hit a personal limit in the amount of new growth they are comfortable with around them.

Demand has driven old Milton prices way up as well! It depends on what you have sitting on that 130' x 134' lot but you can be certain there will be buyers looking for something exactly like this.
After the first or second home purchase , many buyers realize that you can always change what is inside a home if your budget allows, but you can't change the lot or location!

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Fred De Carolis
FREDHELPS.COM or on Facebook
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search for Milton's Favourite Realtor!
REVEL REALTY -- MILTON'S FAVOURITE REAL ESTATE BROKERAGE, as voted by YOU!!!

Some amesbury's are going for 380K WTF they are 1100 sq ft. I dunno it is insane IMO.

I am glad I got my house in dorset park 2 years ago.

Eventually when building is done here all houses will be "old" then what? WIll it be a matter of location? I only ask because houses in my area that are 35-40 yrs old go for so much less even with upgrades, because they aren't new and the return on equity right off the bat is less.

I am just interested to see what happens as milton ages and the growth stops.......right now people want new, they can they make money the minute they close, live there for a bit and sell. Lots of people flipping.

My next door neighbours just sold their home for $520k.

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Some people are like slinkies. They're really good for nothing but they still bring a smile to your face when you push them down a flight of stairs.

You're just like Mr. Kotter at 4 o'clock.

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No, no. You know who was right all along? The Mongolians. They knew that you just can't wall yourself off from the outside world. Putting walls up never helps anything. Tearing them down brings us together.
-Randy-South Park

This race to the bottom on rates will keep fueling these big gains in home value. What happens when we hit 0% mortgages?

http://business.financialpost.com/2014/05/13/investors-group-mortgage-rate-canada/

0% mortgages already exist...
They are offered for low income people through charity programs (eg habitat for humanity)