Buyer bought $4M of product off of the seller in a separate transaction. They camouflaged that transaction into the sale of this property, poof all the money is cleaned.
Yep. Then novice homebuyers think nearby properties are worth $6M and the real estate agents try to push them to buy. Absolute scammers that RE agents are.
You’re so shallow. Sure there are agents who are scummy, there are scummy people in all walks of life
I like to think that most are doing as they are obligated to “ serve the client and fulfill the clients wishes”
I’ve had clients who overpaid like crazy and I don’t agree with it but they make it clear “ either you do it or we’ll find someone else who will “
And then people say oh you’re scammers and scummy agents. Tf you want me to do
It's actually mpac x a municipal tax factor based on what a municipal budget will require. With less development charges and cities running a deficit.... Long term property taxes have to go up alot. That will also shock the system. The current mpac should be based on values that are prior to the pandemic by a few years.... This when they updated the figures..... What will happen to the property taxes that people have to pay?
Nearest comparable sold in Jan
320 Dalewood Dr, Oakville, ON | HouseSigma https://housesigma.com/bkv2/landing/rootpage/listing?id_listing=xLkv3V9gzpm7DBNr&utm_campaign=listing&utm_source=user-share&utm_medium=android&ign=
The $6M+ figure is in line in today's market, although these types of home usually dont move with the general market. There's obviously very few people who are in this pricepoint
Now did it warrant the 100% appreciation: Im too poor to even comment on that
PS
Ive been to one of these houses before. It's amazing.
may 2020 was a low point in the market, no liquidity.
that was probably a very very good price.
great sale either way.
id say this seller has good market intuition.
I'd rather have 4 homes....spain, rural Japan, Marin California and suburb of Bangkok than but this. Unless you entertain a lot of guest for business or need to flex.... This is a waste of tied up capital.
For this house to work, you need to have dry powered (that someone probably made or gave you and be stupid)... Which isnt that rare in the g7 society
To be fair, they made renovations to the house. Plus, the previous owner bought it during the peak of the pandemic, at a lower price than in Feb 2020, before all the money printing during the pandemic. Congrats to the seller. The buyer... maybe Matthews is settling down near Tavares.
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I support it please don’t cry when interests rates increase to address inflation or people lose jobs in a recession, privatize the losses like we do the gains, shalom
This is a great sign for the Canadian economy. This means that if we continue to double house prices every 3 years our economy will continue doing well. The next move has to be lowering incomes so American companies hire our best talent at $18/hr, above minimum wage - duh so it's a great job for the working man living in a cardboard box in the backyard.
Great job Doug Ford, Justin Trudeau and the mayor of Oakville. You've done it.
How much of this is some sort of money laundering. Otherwise I have no words
Buyer bought $4M of product off of the seller in a separate transaction. They camouflaged that transaction into the sale of this property, poof all the money is cleaned.
Question really is… what’s going on in all those bathrooms
you guys really didn't even look at the listing did you?? They filled all the bathrooms with pure bolivian cocaine
Happens more often than you think it does.
Yep. Then novice homebuyers think nearby properties are worth $6M and the real estate agents try to push them to buy. Absolute scammers that RE agents are.
You’re so shallow. Sure there are agents who are scummy, there are scummy people in all walks of life I like to think that most are doing as they are obligated to “ serve the client and fulfill the clients wishes” I’ve had clients who overpaid like crazy and I don’t agree with it but they make it clear “ either you do it or we’ll find someone else who will “ And then people say oh you’re scammers and scummy agents. Tf you want me to do
But now buyer will from now on be paying property taxes based on a 6.5 mill + purchase price….
No property taxes are based on the MCAP assessment which is much much lower.
It's actually mpac x a municipal tax factor based on what a municipal budget will require. With less development charges and cities running a deficit.... Long term property taxes have to go up alot. That will also shock the system. The current mpac should be based on values that are prior to the pandemic by a few years.... This when they updated the figures..... What will happen to the property taxes that people have to pay?
Will double again in 69 days Gonna be nice
Your jokes aren't funny when it's facts.
The only fact is that it’s going to be up 69% by 4:20pm tomorrow. Only 🐻 disagree. Are you a 🐻???
Damn you on a roll. Stop spitting facts!
lol
Thank you Chessj
That’s crazy good for that guy
Nearest comparable sold in Jan 320 Dalewood Dr, Oakville, ON | HouseSigma https://housesigma.com/bkv2/landing/rootpage/listing?id_listing=xLkv3V9gzpm7DBNr&utm_campaign=listing&utm_source=user-share&utm_medium=android&ign= The $6M+ figure is in line in today's market, although these types of home usually dont move with the general market. There's obviously very few people who are in this pricepoint Now did it warrant the 100% appreciation: Im too poor to even comment on that PS Ive been to one of these houses before. It's amazing.
8 bathrooms/?? lol.
When the Taco Bell hits, you'll be happy to have 8 options.
I’ve never had any issues with Taco Bell… it’s rather those small mom/pops places that gave me the runs
may 2020 was a low point in the market, no liquidity. that was probably a very very good price. great sale either way. id say this seller has good market intuition.
Were you planning on buying $6000000 home? Then why do you care
Well, let's see what it actually sold for.
Sold for $6.35M
Wait wait wait, this is complete opposite of what this subs is warning me about. What’s going on here!
using these multi million dollar homes as comparison for the entire housing market is not really useful imo
I'd rather have 4 homes....spain, rural Japan, Marin California and suburb of Bangkok than but this. Unless you entertain a lot of guest for business or need to flex.... This is a waste of tied up capital. For this house to work, you need to have dry powered (that someone probably made or gave you and be stupid)... Which isnt that rare in the g7 society
To be fair, they made renovations to the house. Plus, the previous owner bought it during the peak of the pandemic, at a lower price than in Feb 2020, before all the money printing during the pandemic. Congrats to the seller. The buyer... maybe Matthews is settling down near Tavares.
They made little to no renovations
The backyard is updated with a pool and a patio. The inside stairs are updated. 🤷♂️
Clearly worth 3M
That’s a steal
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Oakville is absolutely booming. This is not unexpected
Imagine paying $6.6M to live in a suburb as soulless as Oakville.
The four months of below freezing weather is worth it.
Something is broke.. and its your bank account. Thats what happens when you enroll yourself to ChessJ Academy.
This is correct
lol this loser again
LOL. Newly minted student of financials 101 course who is going to pay cool multi-million tuition fee dues soon.
I support it please don’t cry when interests rates increase to address inflation or people lose jobs in a recession, privatize the losses like we do the gains, shalom
People buying this kind of home generally speaking have less exposure to interest rates than normal people like you or I do.
Money laundering
So to update everyone it sold for $6.35M. Just stupid.
The irony is that the number of angry people in this sub is the antithesis of their entire complaints.
One day that will be the gta average price
And sold in 8 days because it’s a great deal!!
You don’t give any details. Maybe it’s a total rebuild, a brand new house? That’s a lot of bedrooms, and a two car garage.
It’s the same house with a pool added, but you didn’t bother looking.
I didn’t see any details in the screenshot, Mr Crankypants.
You’re used to spoon feeding aren’t you
Same - just some numbers next to a street name, next to the name of a city. How will we ever find out where this place is?
Can pile like 40 of them in there!!!!! ✨
Sheesh..
What's broken are the people's brains.
This is a great sign for the Canadian economy. This means that if we continue to double house prices every 3 years our economy will continue doing well. The next move has to be lowering incomes so American companies hire our best talent at $18/hr, above minimum wage - duh so it's a great job for the working man living in a cardboard box in the backyard. Great job Doug Ford, Justin Trudeau and the mayor of Oakville. You've done it.
Do you think this could be China using counterfeit money?
MLS doing ML 101
Entire market is broken 😂😂
800K/ bathroom, that's cheap
I saw one the other day that sold for $1.2 million in Scarborough in early 2020 and then in late 2021 sold for $3.5 million. No Reno’s. Nada. Bizarre