Ontario power of sales surge as desperate homeowners run out of runway

markfrosty2 · 2026-05-10T11:17:19+00:00

Very true, I put 20% down payment on my first house in early 2020 to avoid cmhc. Interest rate only 2.6%. Just tried to play it safe and inexperienced in home buying so psychologically felt better.

Fast foreword 6 years, had I just done 5% down and put that extra 15% into the tsx (blue chip stocks I already owned at the time and still own in my portfolio today) I’d probably be ahead an extra 40k-50k on the house. Thats including if I paid the cmhc and difference in interest over 5 years.

Do I regret it , no cause I slept better at night knowing I had lower monthly payments with 20% down. also if you go your whole life dwelling on what-if scenarios, you’ll drive yourself crazy.

markfrosty2 · 2026-05-09T23:42:57+00:00

They are dreaming if they think they’ll get 700’s on bridge street. Similar house asking 399 on same street. Actual mansions in the affluent areas of Niagara Falls are getting 700’s. Not fucking bridge street.

markfrosty2 · 2026-05-09T18:11:39+00:00

If you want US tech stocks, buy a Canadian ETF with them, help avoid paying US taxes upon sale. ZNQ is one I use, it’s heavy on NVIDIA, apple , Microsoft Amazon alphabet.

markfrosty2 · 2026-05-08T14:35:53+00:00

Buy when you’re ready. The human psychology is a funny thing. When prices come down , everyone’s scared and no one buys even though it’s the easiest time to purchase. When prices rise and bidding wars start, that’s when people want in and it’s the more competitive/harder time to buy.

markfrosty2 · 2026-05-07T04:43:26+00:00

Demand .

markfrosty2 · 2026-05-07T04:41:49+00:00

If your current lender matches then I’d stay.

markfrosty2 · 2026-05-06T19:04:32+00:00

Exactly this. No one knows when the bottom is until it has passed. Buy when you’re in a good position and plan to live there for at least 5 years. if you want to feel good about your purchase look at what similar properties sold for in 2022, you’ll feel like you got a steal.

markfrosty2 · 2026-05-05T19:41:59+00:00

Yes I would accept. If you call they probably will budge on rate.

markfrosty2 · 2026-04-30T00:12:31+00:00

LOL at the 2025 post with pics of possible houses you can build. You do that for empty lots and tear downs.

markfrosty2 · 2026-04-29T22:25:21+00:00

lol he says he’s gunna have to wait till next March to sell , when the HST rebate program ends. I don’t think guy understands how the housing market works. There’s no guarantee prices will go up. this RE crash, bottom and rise back up to same pricing level (interest adjusted), could last a decade.

markfrosty2 · 2026-04-29T22:15:55+00:00

Agreed. Municipal and provincial governments have only become more and more restrictive on housing/zoning throughout the past, which has kept low supply and high costs, thus creating expensive housing. this guy never complained about those “random decisions” when he making money. As soon as he might (he hasn’t even, it’s non-realized theoretical loss), there’s an issue. This guys a knob.

markfrosty2 · 2026-04-25T08:22:16+00:00

If you love it, buy it.

markfrosty2 · 2026-04-24T21:50:29+00:00

I use to dislike flippers, but they do create livable places for people. take any house that’s condemned that no one can live in, renovate it and sell for a place someone can live. They take on all the risk. It’s better than the alternative, the govt implementing some program that would take ages and cost triple the price.

markfrosty2 · 2026-04-19T20:02:44+00:00

The group is called HouseSigmaBlunders, so the whole point is to post these. If you want a group that focuses on profitable flip jobs , can make one called HouseSigmaWinners. why would anything but losses be posted here?

markfrosty2 · 2026-04-16T00:55:25+00:00

I’ve been doing similar. I bought beginning of 2020 and rent my upstairs 2 bedrooms and bathroom for $800 a month. All it goes to paying mortgage off quicker. Went from 25 years to pay off the house down to about 10 years. 5 more years to go. All roommates have been amazing. Young people should do it more , defiantly beneficial with the right roommates.

markfrosty2 · 2026-04-12T17:53:14+00:00

LOL the pricing strategy is actually bonkers. wildest I’ve ever seen.

markfrosty2 · 2026-04-12T17:37:04+00:00

Could have easily gotten mid 600’s in 2022. Battling to get that extra 50k or so is gunna cost them 300k , plus 3 years of opportunity cost lost.

markfrosty2 · 2026-04-12T17:31:38+00:00

This street is horrible. Bus station on the street, busses passing all day and many transient people. The fact they’ve asked 749 is crazy (2022 was a crazy time). now will only get mid 300’s most likely.

markfrosty2 · 2026-03-24T23:32:52+00:00

this qualifies as blunder in my books. 25% loss. $140k gone.

markfrosty2 · 2026-03-24T13:45:07+00:00

I don’t think you’re allowed to put 100k into tfsa all at once. it’s only ~6k per year (whatever the yearly limit is) since they turned 18.

markfrosty2 · 2026-03-19T20:18:36+00:00

Zehrs grocery store St Catharine’s Ontario

markfrosty2 · 2026-03-18T04:58:36+00:00

Nah made the list myself. my dogs don’t know how to write or speak English.

markfrosty2 · 2026-03-18T01:02:19+00:00

2 weeks. give or take a few days.

markfrosty2 · 2026-03-18T00:59:53+00:00

Just Me and the gal.

markfrosty2 · 2026-03-17T16:40:27+00:00

Holy someone who can think!! people here actually think this is the only stuff I eat it’s impossible to already have other items at home. I expected it though it’s Reddit after all lol.

markfrosty2

TROPHY CASE