12-11-2016, 09:22 PM
I would have to agree that I think the spill-over from the GTA is starting to accelerate; which is both good and bad I think. I always thought it was a bit of a nice thing that commuting patterns showed that we weren't as much of a "bedroom" community to the GTA as other areas (Oshawa, Oakville, etc.), but it has become more of a necessary evil I think.
People camping out for new blocks of houses to come on the markets or houses with basic finishes and unfinished basements that used to be $300,000 5 years ago are going for >$600,000 today (e.g. Dearborn neighbourhood of Waterloo) and townhouses in Kitchener originally purchased for $269,000 selling for $359,000 these days (Queen and Highland). Those are huge price gains in a very short time without any upgrades done in the interim. It's a little too bubble like for me.
Just down the street that unbuilt NEO development backing on to the IHT is going for $599,000 (1500sqft):
https://www.realtor.ca/Residential/Singl...rio-N2G1T9
People camping out for new blocks of houses to come on the markets or houses with basic finishes and unfinished basements that used to be $300,000 5 years ago are going for >$600,000 today (e.g. Dearborn neighbourhood of Waterloo) and townhouses in Kitchener originally purchased for $269,000 selling for $359,000 these days (Queen and Highland). Those are huge price gains in a very short time without any upgrades done in the interim. It's a little too bubble like for me.
Just down the street that unbuilt NEO development backing on to the IHT is going for $599,000 (1500sqft):
https://www.realtor.ca/Residential/Singl...rio-N2G1T9
Everyone move to the back of the bus and we all get home faster.