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StevieG said:
No, we have no relatives in the area. We simply came on vacation and made the leap shortly after.
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I was asking @Carolla.:whistle::)

Though I almost ended up down East myself a couple decades ago. Mrs. M (who was not yet my Mrs.) taught at Dal for a couple years. The library job scene was hell, though, so I wasn't able to find a job there before she got an opportunity back here.
 
Our neighbourhood is starting to scare me. We knew it was going to be upscale, but the newest homes are even larger and are full of Porsches. PK Subban's family lives around the corner. Some homes have electronic gates. Property taxes continue to rise. I feel like we're being priced out of our own home. Some neighbors are loving the increase in value. I hate it. It just means more property taxes and more super-rich moving in, and increasingly, young families can't afford it now. Our property taxes alone are over $8000, and we're in one of the smaller homes.

I've been working at my own pace for a while as I get my head together (and finishing the basement, among other non-billable things), trying not to worry about money, but the expenses are piling up.

We're not in serious debt at all, so this isn't a cry for help. There are some good people here, and Claire is happy. We're not moving, but I really didn't expect it to be so expensive to live this far out of the city. It just means we have more pressure on us to earn more money, when we're really not looking for pressure.
 
chansen said:
Our neighbourhood is starting to scare me. We knew it was going to be upscale, but the newest homes are even larger and are full of Porsches. PK Subban's family lives around the corner. Some homes have electronic gates. Property taxes continue to rise. I feel like we're being priced out of our own home. Some neighbors are loving the increase in value. I hate it. It just means more property taxes and more super-rich moving in, and increasingly, young families can't afford it now. Our property taxes alone are over $8000, and we're in one of the smaller homes.

I've been working at my own pace for a while as I get my head together (and finishing the basement, among other non-billable things), trying not to worry about money, but the expenses are piling up.

We're not in serious debt at all, so this isn't a cry for help. There are some good people here, and Claire is happy. We're not moving, but I really didn't expect it to be so expensive to live this far out of the city. It just means we have more pressure on us to earn more money, when we're really not looking for pressure.
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My wife's cousin lives in Richmond Hill out near the Aurora line and the property values in his neighborhood have gone nuts so I hear ya.

Here in London we're seeing things starting to take off but distance from TO seems to be keeping things a bit more sane. I could turn a tidy profit if I sold now, though.
 
We've doubled our money in less than 7 years, but I don't care. If you're not selling, it's just on paper.
 
chansen said:
We've doubled our money in less than 7 years, but I don't care. If you're not selling, it's just on paper.
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That's the problem, isn't it? The market is hot but not everyone is ready or in a position to cash in. And your horizon is probably longer than ours. Once Little M finishes university and gets settled somewhere and Mrs. M retires (both in 4-5 years), we might move or downsize. Your kids are still young and you've a ways to go before formal retirement so your horizon is probably more like 18-20+ years barring a move for career reasons.
 
Interest rates have risen twice and there will probably be a third raise in October. People now have to qualify on the 5 year rate unless they locked in for 3 months at the lower rates. Houses are staying on the market longer and bidding wars have calmed down from what I hear. The problem is, the public won't acknowledge this for about 6 months until they realize their houses may not be selling above listing anymore and offers start coming in lower than asking....IMO. I believe the Toronto condo market is still strong.

You can appeal your property taxes. Here's how MPAC works (article is from 2016):

How Property Tax Reassessments Work in Ontario
 
Waterfall said:
I believe the Toronto condo market is still strong.
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Wynne's hamfisted approach to rent control is going to push another thousand or more units on to that market. Will be interesting to see what effect that has. Analysts are already expecting it to raise, rather than lower, rents.
 
Mendalla said:
Actually, I have Loyalist ancestors from that region as well. You're not related to the Bowlbys, are you?
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No - the Hennigar clan - SO many of them down east! My Dad had 63 first cousins - and that was just one branch of the family!! Christian Hennigar was the original settler, became a miller for the area. Some years ago the family located the original mill stones on the original property, and had them set into a roadside monument with a plaque somewhere near Upper Kennetcook.
 
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Hey chansen - move down to my neighbourhood! Friend on the next street has a great property for sale - 75' lot, historic home, pool - lots of bike trails nearby :-) They've actually turned down two offers from developers, one over asking price - because both wanted to tear the house down & of course build something denser - that's happening a lot down here. Market seems to have slowed down a bit recently - at least in this area - no doubt making the developers happy. Yes - prices are still wonky tho - and taxes just keep going up and up.
 
chansen said:
Our neighbourhood is starting to scare me. We knew it was going to be upscale, but the newest homes are even larger and are full of Porsches. PK Subban's family lives around the corner. Some homes have electronic gates. Property taxes continue to rise. I feel like we're being priced out of our own home. Some neighbors are loving the increase in value. I hate it. It just means more property taxes and more super-rich moving in, and increasingly, young families can't afford it now. Our property taxes alone are over $8000, and we're in one of the smaller homes.

I've been working at my own pace for a while as I get my head together (and finishing the basement, among other non-billable things), trying not to worry about money, but the expenses are piling up.

We're not in serious debt at all, so this isn't a cry for help. There are some good people here, and Claire is happy. We're not moving, but I really didn't expect it to be so expensive to live this far out of the city. It just means we have more pressure on us to earn more money, when we're really not looking for pressure.
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Well, there is always the East Coast to move to!
Junior Anteater bought his first 80+ year old starter home for $133 000, with $6600 down payment. Taxes will be around $1000.
He was lucky, because it turned out that the whole second level had been replaced a few years ago due to a storm damage and septic was also completely redone within the past 10 years. Now they are saving up to put a heat pump in.
 
chansen said:
We've doubled our money in less than 7 years, but I don't care. If you're not selling, it's just on paper.
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Isn't that the state of the world vision ... on eco nummy?

Only a god of wisdom could see it clearly ... thus the transparent Soph ET IHC's ... and so rot, or wrote as stinking intelligence that wish it not so ... a PEW'y concern?
 
Is wisdom an object in a world of subjective impetuous hosts? Could they know any better considering the swamp we infest?

So say they are draining it while overloading it with alternate hoax ... holy axels? Accelerated vacancy of thought process ... due to determined impetus ... close to POTUS!

You see how word comes round syne crone US lye? The excluded from fixed positions giggle hue mon goose lye ... like glues cap on the fixed head theory ... the O logic?
 
Thanks, but we're staying. Love the location.
Mrs.Anteater said:
Well, there is always the East Coast to move to!
Junior Anteater bought his first 80+ year old starter home for $133 000, with $6600 down payment. Taxes will be around $1000.
He was lucky, because it turned out that the whole second level had been replaced a few years ago due to a storm damage and septic was also completely redone within the past 10 years. Now they are saving up to put a heat pump in.
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In the GTA, renters can't become homeowners any more. House prices are insane, and rent is increasing so they can't save. If you have a home to sell before moving to a new home, you're golden. If not, you're screwed.
 
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