I am occasionally tempted by listings of houses in other cities where properties aren't going for a billion dollars. But I'd probably end up starting the renovation process over again from scratch, and I'm not sure I'm ready for that either
Hard relate. Because of this exactly, when we moved we bought a 1995 house on the edge of town instead of an older one in the city centre, many of which are exactly the same housing stock as downtown TO — lovely but in dire need of gut and reno. Also, they're still on lead pipes even in the nice-y neighborhoods downtown.
I had a weird/bad dream about renovating and selling our Toronto house again last night!
We targeted 1995 specifically because it was the most recent 'lull' in the Ontario RE market, where companies had to build quality in order to move inventory. The new particleboard stuff today — I wouldn't buy that either, and the 50s-70s stock carries a big risk of asbestos. We looked at a number of those, too.
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zvi
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Date: 2021-03-29 02:26 pm (UTC)Hard relate. Because of this exactly, when we moved we bought a 1995 house on the edge of town instead of an older one in the city centre, many of which are exactly the same housing stock as downtown TO — lovely but in dire need of gut and reno. Also, they're still on lead pipes even in the nice-y neighborhoods downtown.
I had a weird/bad dream about renovating and selling our Toronto house again last night!
We targeted 1995 specifically because it was the most recent 'lull' in the Ontario RE market, where companies had to build quality in order to move inventory. The new particleboard stuff today — I wouldn't buy that either, and the 50s-70s stock carries a big risk of asbestos. We looked at a number of those, too.
Turnkey while we're old, pls.