It is quite a while that we see activity on this thread. But can experts explain what is going on with house prices in GTA. They seems going over the roof. Certainly the new homes. On the weekand I say builder has increase the house price by 20k for all detach models. The houses are to be build on bremela /countryside area in brampton.
It seems lot many people from india just buying out property cash out! I booked the house in jan thier year. Same house's booking price is set 50k more now by the builder!! I doubt this run is sustianable

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infocan

Why ? House prices are always set to go high and high and high...no looking back.

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Originally posted by infocan

It is quite a while that we see activity on this thread. But can experts explain what is going on with house prices in GTA. They seems going over the roof. Certainly the new homes. On the weekand I say builder has increase the house price by 20k for all detach models. The houses are to be build on bremela /countryside area in brampton.
It seems lot many people from india just buying out property cash out! I booked the house in jan thier year. Same house's booking price is set 50k more now by the builder!! I doubt this run is sustianable

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The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM

Yeah, soon a single family house would be 1.5 million dollars and semi would be around a million. Deja Vu of Florida, but hey the immigrants keep flowing in with a big bag of asian currencies... no big deal.

We're getting a 15% pay hike every year, job market is growing, all the insurance premiums are cutting down.

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The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM

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Originally posted by JRF
We're getting a 15% pay hike every year, job market is growing, all the insurance premiums are cutting down.

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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"

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Originally posted by JRF

We're getting a 15% pay hike every year, job market is growing, all the insurance premiums are cutting down.

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Yes salary are hiking with slow rate and job market is growing in some areas. But depends whom you asking this question.
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We just moved back US from Calgary, Canada. There is a big job demand in tech, medical,engineering and research area with univ degree. There are not too many people coming on work visa (H1) because US embassy is very strict in issuing visas. Fortune 500 companies are sitting on big cash and hiring only in selected high paying job areas but not making impact on mass employment.

I am still trying to understand how Canadian can pay so high for housing when taxes, HST, food, car, gas, flight,hotel and everything is so expansive as compare to USA or Canadian media is so weak that truth is not coming out.

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Originally posted by JRF
We're getting a 15% pay hike every year, job market is growing, all the insurance premiums are cutting down.

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I agree, Rahul. I tend to think (and ask) on the same lines as your second paragraph.

However, the answer to your question is this - people stretch themselves to the limit, not realizing the golden rule that's been there for ages - Chadar Dekh kar per pasaro.