Escape_IT wrote:The homes that back onto the park range from $900K to $1.2M and there are hundreds of them....and there are hundreds of other subdivisions that demand the same pricing.
Can someone explain what all these people do for a living to be able to afford a home like that?
15 years ago, we were looking at a home in Oakville, and didn't buy it. It was $350K at the time IIRC. We settled where we are now, for $275K. In 10 years, buddy who lives just off 9th line on Joshua's Creek, has a value of OVER $1.2 million on his home, whereas ours is maybe $450. While ours appreciated maybe 40%, his, and all others around him, appreciated 100-200% over the same time. No doubt, Oakville, and Burlington, are desireable areas, many residents work in Toronto, and wanted grass vs concrete and urban sprawl began. GO trains, wider highways, work-from-home, have allowed this area to become suburbia.
You should see what some of the homes that back on to Glen Abbey are going for! And they don't even hit the sell sheets when they list, they are sold before the sign even goes up.
For what its worth, we are 12 payments away from being mortage free! Aug 1/2011, or sooner if I want, we are free and clear.
Yah, this got off topic in a hurry didn't it?????