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Ask a Realtor anything

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  • Originally posted by davepratt View Post

    List $1,299,990. Sold $1,395,000. Paid $965,000 a year ago. Not a bad return.
    Definitely a nice return if it was just a flip and they don't have to buy another house that went up by as much or more over the same timeframe.

    about 37% after fees.
    "Don't cry because it's over, Smile because it happened "

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    • Originally posted by Weirfan View Post

      Definitely a nice return if it was just a flip and they don't have to buy another house that went up by as much or more over the same timeframe.

      about 37% after fees.
      Not sure that it was a flip, per se. There were renters in that house for the last year, and I don't recall really seeing any work being done on the house between the time it was purchased and when the renters moved in. In any case, it appears that the renters have left. Not sure if they were told to leave because the owner decided to sell, or if the owner decided to sell because the renters left.
      Last edited by hookminor; Jan 4, 2022, 01:44 PM. Reason: typo

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      • Originally posted by hookminor View Post

        Not sure that it was a flip, per se. There were renters in that house for the last year, and I don't recall really seeing any work being done on the house between the time it was purchased and when the renters moved in. In any case, it appears that the renters have left. Not sure if they were told to leave because the owner decided to sell, or if the owner decided to sell because the renters left.
        Or the owner raised the rent so much they had to leave?

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        • Was down at the Royal Bank Plaza looking over some really nice watches at Mani Jewelers https://manijewellers.com/ great prices and service.
          Anyways learnt that Oxford has sold the Royal Bank Building and Plaza effective February 1st IIRC, asking price was apparently close to 1 Billion.
          Also interesting fact that the approximately 14,000 gold coloured windows actually contain real gold worth today at about $5.5 million dollars.
          Question who is the buyer?
          plus ça change, plus c'est la même chose

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          • This is the kind of idiocy which sometimes comes out of 'think tanks'.

            Recommending an annual tax on homes valued at more than $1MM in order to generate funds to build 'co-op and rental' housing.

            https://www.msn.com/en-ca/news/canad...?ocid=msedgntp

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