Post by
shenty46 on Mar 09, 2022 2:31pm
Just
Just to share with all my friends, that I am buying my home in cash which i booked in April, Most of the money has come out of Peyto. The home has already appreciated by around 300k.
Comment by
topdop on Mar 09, 2022 6:53pm
Sweet! Now if it your new place had been in Halifax, Kelowna, Hamilton or 5 other(s), you might be up +80%
Comment by
shenty46 on Mar 09, 2022 7:44pm
Hi topdop, It is Calgary(Airdrie)
Comment by
TerribleEng on Mar 09, 2022 7:45pm
Holy smoke. Airdrie pricing went up that much? How long have you had the price locked in? Congrats.
Comment by
shenty46 on Mar 09, 2022 8:23pm
Hi Terriblengg, I booked the home in April 2021, its 1846 detached on a walkout lot with 35000 upgrades for just 475k, the same is selling now north of 750k.
Comment by
MagicPinstripes on Mar 09, 2022 9:32pm
Shenty, Congratulations. I'm hoping to be able to do the same thing here in Toronto; but our prices are so insane that it might take a little while longer to generate the millions I'd need to pull it off. Long Peyto!
Comment by
shenty46 on Mar 09, 2022 10:28pm
Hi MagicPinstripes , I also live near Toronto, moving to Calgary next month, as we have been priced out due to insane prices, there are many pockets still affordable in Calgary.
Comment by
wreckhouse on Mar 09, 2022 10:49pm
hang tough ! keep some powder dry with interest rates going up there will be a correction & the prices in GTA will be droping . enjoy your peyto divy RNBCW
Comment by
MagicPinstripes on Mar 09, 2022 11:02pm
That's the hope from my perspective - much to the chagrin of anyone who is currently a home owner in Toronto - I mean, who likes to see the value of their assets erode? I'd settle for some stagnation. ...and I'm certainly enjoying the dividend. Maybe Peyto can ramp up its debt repayment as well. That'd be nice to see in the future. GLTA