To buy or to wait ?

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Aashu
Member since: Nov 04

Posts: 1353
Location: Vaughan
Post ID: #PID

Posted on: 21-08-08 13:23:25

Quote:
Originally posted by pratickm

Quote:
Originally posted by tamilkuravan
It is also better to buy in the outskirts (meaning outside of Toronto). Toronto is not longer being attractive for house owners.
Depends on where your place of work is.
There is a cost of living in the 'burbs if you work in downtown Toronto.
Driving costs, car insurance, time spent commuting, etc.

Thanks to all responses.

Quoted above is another issue :

1. If one buys in Toronto : Plus point is easy accessibility to facilities, within town, less commute, good public transportation etc etc. Negative is old houses (30 yrs), v expensive, schools (good?)

2. If one buys outside Toronto : Plus point is new houses, good schools.
Negative is infrastructure not developed like libraries, community centres etc, long commute, less frequent public transportation etc .

This is my impression, I could be wrong.

bc2on
Member since: Jul 08

Posts: 204
Location: Markham
Post ID: #PID

Posted on: 22-08-08 15:28:51

Markham libraries are state of the art.
Commute is not that bad if you work closer to Union otherwsie walk or TTC will be more time or more money as you mentioned.

So it all depend on your situation etc. married with children, single anyway, write all the pros and cons and then go forward with the one you can not live without otherwsie there will always be these catches. There is not perfect or dream house just best.

bc2on
Member since: Jul 08

Posts: 204
Location: Markham
Post ID: #PID

Posted on: 22-08-08 15:38:54

Yes my friend you are right but i have seen how they live. There is an indian family with 2 kids have rented every single room of their house and the entire family live in one room. They only get shower on certain day (meaning not every day). The never use dryer to dry clothes. Off course no dish washer etc etc. Anyway, you have to see to believe how we Indians live and able to afford the houses.

Another one: Live in the basement rented out main floor. Should I keep going or it enough to appreciate the modest living of our people and secret of afford ability.
Also some of us made money in a different market like Vancouver

rahul_singh23
Member since: Apr 05

Posts: 1014
Location:
Post ID: #PID

Posted on: 22-08-08 16:11:57

bc2on... I think most of us never know all these realities. We assume a certain kind of standard/life style that people aspect in western world.

Are we (Calgary) next Miami or San Diego? Yes we are and here is big start. Is it still a right time to buy?

Layoffs strike Calgary's once-booming homebuilders:

http://www.canada.com/calgaryherald/news/story.html?id=01558d08-5353-4360-89bf-9cf1de8f0f5b

".....On Monday, Jayman MasterBuilt laid off 50 employees in Calgary and Edmonton - 30 in Calgary, said Jay Westman, president of the company. The layoffs were in the office and in the field......."

Builder halts Beltline condominium project:

http://www.canada.com/calgaryherald/news/story.html?id=4eb67305-3852-464e-ba11-eede18ff4022

Quote:
Originally posted by bc2on

Yes my friend you are right but i have seen how they live. There is an indian family with 2 kids have rented every single room of their house and the entire family live in one room. They only get shower on certain day (meaning not every day). The never use dryer to dry clothes. Off course no dish washer etc etc. Anyway, you have to see to believe how we Indians live and able to afford the houses.

Another one: Live in the basement rented out main floor. Should I keep going or it enough to appreciate the modest living of our people and secret of afford ability.
Also some of us made money in a different market like Vancouver

Delhite
Member since: Nov 04

Posts: 938
Location: Brampton
Post ID: #PID

Posted on: 22-08-08 18:40:02

Agree Rahul ....... you are correct.

-----------------------------------------------------------------
A Delhite in Toronto

bc2on
Member since: Jul 08

Posts: 204
Location: Markham
Post ID: #PID

Posted on: 23-08-08 12:06:59

Sales of new houses will drop and so the construction rate which will maintain current prices, I believe-you do not have agree.
There are several reasons for the new construction drop one of them is material cost increase due to inflationa dn gas prices around the world. A few yaer older houses are selling for reasonable prices where the brand new ones' fail to match. Also the Canadian market will remain strong due to reasons I posted in another thread to Rahul-Sigh23 post. I believe, it is time to buy.

canadatrust
Member since: Jun 06

Posts: 52
Location: planning to move in Ottaw
Post ID: #PID

Posted on: 23-08-08 16:58:07

First home should be bought at any time. It is always late. It is best time to buy now as low interest rates and easy mortgage in Canada.

-----------------------------------------------------------------
gagan

Contributors: rahul_singh23(68) bc2on(14) Krazzyfour(13) pratickm(11) viggy(10) chandresh(6) Desi in Alberta(5) JRF(4) tamilkuravan(4) kabutar12(4) Aashu(3) amit kalia(3) Rajeev Narula(3) blorean(3) Pooja(3) seenappa(2) CD2009(2) Big Vee(2) Ritzok(2) Heart Stealer(2) chittesh(2) Gapodi(2) Maharaj(2) Vandematram(2) febpreet(2) investpro(2) Blue_Peafowl(2) jonav(1) atsz(1) jagmag(1) Delhite(1) Fido(1) canadatrust(1) Tourist(1) bison(1) navin2004(1) anandasang(1) hchheda(1) rajma(1) Earth Rocker(1) ecom(1) DP_gta(1) sanjeevm(1) i_luv_canada(1) Indush(1) Vijay(1) BlueLobster(1) AshwaniG(1)

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To buy or to wait ?

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