Comments on: Another Canadian Real Estate Developer Is Asking Buyers For More Cash For Lumber

By: M. Patel

M. Patel — Sat, 12 Jun 2021 23:14:46 +0000

In reply to V. How about the builders were increasing price within hours after seeing a big rush of people outside their office for booking?What was the reason for increase?

By: Julian

Julian — Sat, 12 Jun 2021 14:20:05 +0000

In reply to V. Total agree. You only get to cry foul if you provided your customers the same recourse in 2017. If I was a buy I'd check my contract closely and if allowed I gauge my decisions on how the builder behaved in 2017.

By: Ahmed

Ahmed — Fri, 11 Jun 2021 17:25:58 +0000

In reply to Marco Von Marcovich.

Nah, you’re just not very smart. Instead of concluding it’s impossible because of your limited knowledge, why not look it up?

Less than 30 seconds. 2 bedrooms for $22,000. Needs superficial work like new floors and some drywall, but this kind of option doesn’t even exist in Canada.

https://www.zillow.com/homedetails/145-River-St-Oil-City-PA-16301/223639643_zpid/

Only 30 seconds. I bet I can find some great ones if I really tried.

By: Marco Von Marcovich

Marco Von Marcovich — Fri, 11 Jun 2021 16:16:45 +0000

“In this particular case, the buyer is being asked to pay an extra $40,000 in additional fees. That’s the cost of an actual home in parts of the United States. ”

This type of writing here is so bad and really starting to tank the quality of articles and makes it look like a joke. Why insert this BS line? If you actually do the math 40k CAD is 32.8k USD. Please go show me actual real estate in the US where you can buy a home for 32.8k that isn’t an old garden shed shack in a dead economy red state. I won’t hold my breathe.

By: V

Fri, 11 Jun 2021 14:57:26 +0000

Oh! But why don’t they refund money when prices drop and the house is not valued st the purchase price they paid. Greedy builders can’t have it both ways. Ever hear about honouring a contract you stupid builders that expect the buyers to honour the contract every time. Maybe the builders chose the wrong business. A contract is a contract, if they don’t understand that maybe they should find a new profession. Suck it up, like you expect the buyers to do when property prices crash like in 2017. Clowns!

By: Darren

Darren — Fri, 11 Jun 2021 03:20:16 +0000

Whaa whaa! So if the lumber prices crash to well below what they were when you signed your agreement will the builder give you a refund? doubt it never seen that before. There margins in this housing market (since 2017) are quite good. In Toronto they get the land at significantly cheaper prices then an individual buying a single lot would pay. How can they build a 1400sq.ft bungalow in St. Thomas, ON for 325K in 2020 and the same house would be $1.1M in GTA? Is the land 800K more or are the builders selling houses at the market price and pocketing all the margins? Dont feel sorry for builders.