DandNHill

I don't get excited about those places. They're just too big.

Where we live right now they are building 8,000/10,000sqft houses around us. We are renting a place that will soon be knocked down to make way for one of those monstrocities...

I like small houses, they're cosier...

Partially discharged

8000-10000 ft2 is huge and carries large ongoing costs and big property taxes. Many of those homes have the same # of people as homes of 2000 ft2. Our house is 1750 ft2 (+ basement and garage) for 4 people is fine.

Where in Brampton are they building McMansions as infills now? I lived in Brampton in the early 90's near the '4 corners'. NE Bramalea (Castlemore) was a popular place to build huge monstrosities on large lots with no trees around.

BristolUK

Buy it for a dollar and sell it for 2.

100% profit and just pay capital gains tax on 50c. You should make about 75c on the deal.

DandNHill

Funny you should mention Castlemore. We're at Castlemore and The Gore Rd so those mansions are the ones I was talking about. Except they are multiplying.
The Rogers guy told us he had been to install in a 13,000sqft near us and couldn't remember where he had left his ladder. He had to call the owners on his cell to come to his rescue! Lol

DandNHill

Ok I'll see if the realtor will show it to me tomorrow.
Think about the commission he's going to make!!

BristolUK

And for the short period you own it don't forget to charge people for the country chateau tour and maybe rent it out as a movie location too.

DandNHill

Good thinking. I wonder if I could be an extra in the movie?

h35j34

So I had a look to the north side of the 401 in Ajax and slightly cheaper than south, not a massive difference.

Either way I'm looking at say $550-$650k in the west and $600-700k in the east for something that would tick most of the boxes for what I am looking for, of course there are more expensive but roughly that's a guide for me

Truly shocked at the prices so far out, but it is what it is and there's a couple years for the market to either stable out or just go even more crazy for me before I'd be looking at it.

Oakvillian

Or, of course, for the exchange rate to swing in your favour. That's probably the single biggest factor in the affordability stakes for somebody cashing in equity in the UK to buy a property in Canada. Over the last dozen years that has fluctuated hugely (from a high of up near $2.30 to a low of $1.50 or so to the pound). I suspect you'd be best off not sweating it too much until it's closer to the time you move... the only thing you'll do is raise your blood pressure with exasperation!

BristolUK

I should say so!!

Between agreement date and completion date - a two month period in 2005 and not the most startling change there's been - the $120k house I bought went from £51k to just over £54k.

h35j34

Yes not forgetting the exchange rate this will be a big player in when I actually transfer the cash/buy

sunshinedust

I lived round the corner from this place while it was being built back in 2012-13. Its possibly the most hideous house I have ever laid eyes on. I remember one of the builders died after falling from the roof, due to shoddy safety practices. Nasty stuff.

christmasoompa

I've just looked, it really is! My mother always says money can't buy taste, and that house is a prime example of that. Looks like something a Kardashian would build. *shudder*

Partially discharged

Is there any real difference between this:

https://goo.gl/maps/nt6DMzvSQxu

and this lovely streetscape

https://goo.gl/maps/r8AaVP4sdWx

BristolUK

Well it's not my taste either but inside it looks like so many European palaces or stately homes.

Buck House, Winter Palace, Monaco, Versaille...I don't think they are considered ugly or tacky are they?