We sold our Toronto home to be mortgage free, and ended up right back in the city’s red-hot real estate market

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We planned to use the profits to buy a cheaper home in Winnipeg. But once there, nothing felt right.

Real estate is emotional. Why? Because a home is more than walls and a roof, it’s a container for our lives, our families, our communities. As part of an occasional series, we’ve asked local writers to share their stories on real estate and housing.

— complete with new bathroom, kitchen, upstairs flooring and a fresh coat of paint. We listed the house for $999,900 on April 21, 2021, in hopes of generating interest and maybe spurring a bidding war or bully offer, a trend our real estate agent was seeing in the market. When offer night came, we had zero bids. We relisted the property at $1,125,000, thinking buyers were sick of bidding wars and a higher price would make us more transparent about our expectations. Almost two weeks later, my husband and I had “the talk.” He wanted to pull it off the market and stay. I convinced him to keep it on for just one more weekend.

I started thinking, maybe the saying is true. Maybe you really can’t go home. That’s when I called my husband and said something that I was sure would make him lose his mind. “Hey, what if we stayed in Toronto?”Staying meant re-evaluating our budget and priorities. It would mean not only kissing our mortgage-free dreams goodbye but taking on an even bigger mortgage than we owed on the house we just sold.

 

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Better to sell and get out of Chinada

Winnipeg? Try Vasey.

Lol. Moved from one shithole town to another.

'It was listed for $1,129,000 and we offered $1,180,000 but they countered with a number out of our range — $1,235.000 — so we walked away.' OK I know the housing market is weird but when do sellers counter at higher than their asking price. Is it all just theatrics.

I mean, I get it, but at the same time it reads like a bank advertisement

If your not happy being mortgage free in your next house… Life must be seriously disappointing.

We purchased our detached two-storey barn-style home with a generous backyard in 2007. It was small but suited our little family of three (and a dog) just fine, that is, until COVID-19 hit. With no family in the city, I felt isolated.

Absolutely heartbreaking story.

Headline should read: “Hapless couple does no research; surprised by unfortunate outcome.”

Classic whoopsies.

Ok, TO is becoming unlivable ( 75% there already)but Winnipeg has always been unlivable. What you sd hv done move into interior of On or BS where smaller towns are the future for those who want to survive next 50-75 yrs. After that cancer of growth will be everywhere/Planet

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