Anonymous wrote:
Anonymous wrote:Just bought around Forest Glen area and most homes seemed to have gone for around $500-600K 5-10 years ago but are now closer to $700K (around what we bought for) and even closer to $800-900K depending on the house.
Maybe it was still a good investment but with all the uncertainties, who knows. And I always laugh at the idea of a “starter home”. Probably could’ve called one such if we bought something for $400-500K like a decade ago. But being in our 30’s now and only now first time home buyers with ridiculous interest rates and prices, feels like we missed the boat there.
This exactly. We live near Forest Glen but were fortunate to buy a decade ago for <$500k (but for reference I remember being envious of our neightbors who had bought for half that a decade prior!). The prices have gotten crazy considering that many of the houses are shoddy 1940s construction with minimal upgrades. And while there are some neighbors who do move on after a few years, many are there for the long haul because it's just not worth the cost to upgrade from the "starter" home. So seeing more renovations/additions than people selling.