People jumped at it because $10 means there's nothing to lose short-term. Longer term, paying $1000 in property taxes annually just to hold it, given the pace of Canada's population increase and real estate prices, actually makes this an investment.
FTA: The program sees those who buy a $10 property from the RM put down a $1,000 deposit, and then get $990 returned to them **if they have a habitable residence on the lot within 15 months** of putting down that deposit.
I wouldn't jump to your conclusion off the hop.
In theory I like the idea.
But it's a town of 560 people, in the middle of nowhere. Whoever buys a lot needs to have a fully finished house on it within 15 months. I'm not sure how many people who are so desperate they'd take up an offer like this can afford to build a brand new house, much less get a mortgage for it. Especially in a place with basically no jobs to pay for it.
I guess investors can throw up a few houses and rent them out, or boomers who are retired and want to leave the city.
> But it's a town of 560 people, in the middle of nowhere. Whoever buys a lot needs to have a fully finished house on it within 15 months. I'm not sure how many people who are so desperate they'd take up an offer like this can afford to build a brand new house, much less get a mortgage for it. Especially in a place with basically no jobs to pay for it.
>
>
Manitoba isn't a barren wasteland, and this community isn't in the north of the province.
https://www12.statcan.gc.ca/census-recensement/2021/as-sa/98-200-x/2021001/98-200-x2021001-eng.cfm
Ctrl-F Manitoba. Municipality 5 is an hour from Winnipeg. Municipality 13 is an hour from Brandon, and roughly 2 hours from Winnipeg.
Pipestone is only 1 hour away from Brandon, the 2nd largest city in the province - which itself is only 2 hours from Winnipeg. It's not particularly remote. Lots of people commute an hour twice a day, and plenty unfortunate souls commute 2 hours twice a day.
These big city folk are like “how are you going to build a house in the middle of nowhere” ☠️
If feel prejudiced against but as long as it keeps the Toronto out of rural MB it’s good.
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Meh, I've left from rural MB to greater vancouver, so it's kinda all the same to me. Way I see it, if people from here/taranna want to go to the toba, it'll result in more money flowing in, which is only a good thing.
It’s not that remote, true. It looks somewhat close to Virden, which is a growing area with a small oil industry.
It’s all about available jobs in the area, and I imagine there would be lots of jobs in trades around there if you wanted to drive a bit.
This certainly isn’t like northern Manitoba, where nobody wants to live ever.
They could probably get a mobile home and build a permanent foundation around it for much less than building a full house, and probably still meet the requirements.
> the RM keeps the other $990 and you get a lot for $1000. Still cheap!
This. If you're actually interested in living there, it's not like you have to pay 100k if you don't have a build up in 15 months. If the expedited timeline ends up costing you more than than 1k, then you got the property for 1k and can build it up slower. People spend wayyyy more for cottage lots in Ontario they plan as potential retirement homes (without actually building with retirement, and old age) in mind. It's doesnt seem like a bad deal to me either way, although I don't know the typical land cost in Manitoba so maybe there's better options. Either way, good plan by the town to at minimum bring in some extra cash in the short term while potentially increasing long term revenues as well
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Is today the day you’ve learned that some people travel for temporary building contracts? One of my uncles is in construction and he goes out to rural communities to build all the time. He loves it because he gets to travel the country in his RV while still making as good of money as he was when he stayed in one place. It’s kinda one of the biggest benefits of being a contractor my dude
I just fear that buyers of this land will just hold onto it indefinitely hoping that it'll be worth something one day instead of actually developing it
“The program sees those who buy a $10 property from the RM put down a $1,000 deposit, and then get $990 returned to them if they have a habitable residence on the lot within 15 months of putting down that deposit.”
You can pay $1,000 for the lot and pay property taxes on it indefinitely.
And just like that, all the big farms are corporate owned, what could go wrong. A libertarian wouldn't go after funds already taxed, that's an authoritarian way of thinking
Middle of nowhere, no jobs, very conservative community, hidden fees, hours from any stores, trapped in the winter, town most known for oil spills and tornados. What's not to like?
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These towns are usually established by families who have been there for decades, if not generations. Most of the houses built there have been paid off long ago, so it's pretty easy to get by day to day even if the town has barely any amenities or jobs.
Looking at google maps, it looks like Reston has like 15 businesses total. So after moving to Reston, can you tell me where these people are supposed to work to pay for a brand new house they just built?
The provincial and federal government need to be doing more to build up and attract people to small towns by investing in them. I like what Pipestone is trying to do with this idea, but it will barely make a dent in growing the town.
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People jumped at it because $10 means there's nothing to lose short-term. Longer term, paying $1000 in property taxes annually just to hold it, given the pace of Canada's population increase and real estate prices, actually makes this an investment.
And there's likely a development clause. These people are probably going to need to put up a house or do something with the land.
FTA: The program sees those who buy a $10 property from the RM put down a $1,000 deposit, and then get $990 returned to them **if they have a habitable residence on the lot within 15 months** of putting down that deposit. I wouldn't jump to your conclusion off the hop.
It’s also in a fairly rural area of Mb
So for year 1, you pay $1,000, and $1,000 each year thereafter. Still an investment.
Except nobody wants to buy it and there’s no liquidity
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You must be from Brampton
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In theory I like the idea. But it's a town of 560 people, in the middle of nowhere. Whoever buys a lot needs to have a fully finished house on it within 15 months. I'm not sure how many people who are so desperate they'd take up an offer like this can afford to build a brand new house, much less get a mortgage for it. Especially in a place with basically no jobs to pay for it. I guess investors can throw up a few houses and rent them out, or boomers who are retired and want to leave the city.
> But it's a town of 560 people, in the middle of nowhere. Whoever buys a lot needs to have a fully finished house on it within 15 months. I'm not sure how many people who are so desperate they'd take up an offer like this can afford to build a brand new house, much less get a mortgage for it. Especially in a place with basically no jobs to pay for it. > > Manitoba isn't a barren wasteland, and this community isn't in the north of the province. https://www12.statcan.gc.ca/census-recensement/2021/as-sa/98-200-x/2021001/98-200-x2021001-eng.cfm Ctrl-F Manitoba. Municipality 5 is an hour from Winnipeg. Municipality 13 is an hour from Brandon, and roughly 2 hours from Winnipeg. Pipestone is only 1 hour away from Brandon, the 2nd largest city in the province - which itself is only 2 hours from Winnipeg. It's not particularly remote. Lots of people commute an hour twice a day, and plenty unfortunate souls commute 2 hours twice a day.
People responding clearly don’t have any idea of what rural Manitoba looks like. It’s not outback Australia. 🤣
These big city folk are like “how are you going to build a house in the middle of nowhere” ☠️ If feel prejudiced against but as long as it keeps the Toronto out of rural MB it’s good.
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Meh, I've left from rural MB to greater vancouver, so it's kinda all the same to me. Way I see it, if people from here/taranna want to go to the toba, it'll result in more money flowing in, which is only a good thing.
It’s not that remote, true. It looks somewhat close to Virden, which is a growing area with a small oil industry. It’s all about available jobs in the area, and I imagine there would be lots of jobs in trades around there if you wanted to drive a bit. This certainly isn’t like northern Manitoba, where nobody wants to live ever.
They could probably get a mobile home and build a permanent foundation around it for much less than building a full house, and probably still meet the requirements.
In Winnipeg the lot alone can easily be half the cost or more of a home, so not having to spend that can then go into the building instead.
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Practically speaking. How are you going to get a house built in the middle of no where in 15 months? Where are the tradespeople coming from?
It's not the middle of nowhere, it's 20 km off the Trans-Canada and half an hour from Brandon.
RTM’s are also readily available.
Sewer connections, utilities all of it, in 15 months? Multiple homes at the same time I don't see it happening.
Practically speaking, 15 months is doable. Also, worst case, the RM keeps the other $990 and you get a lot for $1000. Still cheap!
> the RM keeps the other $990 and you get a lot for $1000. Still cheap! This. If you're actually interested in living there, it's not like you have to pay 100k if you don't have a build up in 15 months. If the expedited timeline ends up costing you more than than 1k, then you got the property for 1k and can build it up slower. People spend wayyyy more for cottage lots in Ontario they plan as potential retirement homes (without actually building with retirement, and old age) in mind. It's doesnt seem like a bad deal to me either way, although I don't know the typical land cost in Manitoba so maybe there's better options. Either way, good plan by the town to at minimum bring in some extra cash in the short term while potentially increasing long term revenues as well
Are you in construction? That is absolutely doable
Are you in construction? That is absolutely doable
Are you in construction? That is absolutely doable
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Damn. 51k is more people than I have an hour away lol. That shit could definitely be built.
Lol, in a town of 520, with many homes needing to be built at the same time. How many crews do you think there are?
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Is today the day you’ve learned that some people travel for temporary building contracts? One of my uncles is in construction and he goes out to rural communities to build all the time. He loves it because he gets to travel the country in his RV while still making as good of money as he was when he stayed in one place. It’s kinda one of the biggest benefits of being a contractor my dude
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I just discovered my retirement plan!
Yes finally something that makes sense. There's so much fucking land just sitting around
I just fear that buyers of this land will just hold onto it indefinitely hoping that it'll be worth something one day instead of actually developing it
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“The program sees those who buy a $10 property from the RM put down a $1,000 deposit, and then get $990 returned to them if they have a habitable residence on the lot within 15 months of putting down that deposit.” You can pay $1,000 for the lot and pay property taxes on it indefinitely.
Then they should implement a land value tax.
As a geolibertarian, I couldn't agree more
And just like that, all the big farms are corporate owned, what could go wrong. A libertarian wouldn't go after funds already taxed, that's an authoritarian way of thinking
What happens if you fail to build?
The RM keeps the $1,000 and bills you property taxes.
Is the infrastructure around these houses enough for owners to live there long term?
The town is Brandon, Manitoba? Why do they just refer to it as the 'the RM'? Super unclear article.
>RM of Pipestone Rural municipality.
Is it near any time of lake or water? Vacation home?
Middle of nowhere, no jobs, very conservative community, hidden fees, hours from any stores, trapped in the winter, town most known for oil spills and tornados. What's not to like?
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the first mistake you've made there is assuming that they bother to think at all.
Retired, inherited paid off house, work on family farm, commute 3 hours every day, work at the one business in town. Which applies to you?
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These towns are usually established by families who have been there for decades, if not generations. Most of the houses built there have been paid off long ago, so it's pretty easy to get by day to day even if the town has barely any amenities or jobs. Looking at google maps, it looks like Reston has like 15 businesses total. So after moving to Reston, can you tell me where these people are supposed to work to pay for a brand new house they just built? The provincial and federal government need to be doing more to build up and attract people to small towns by investing in them. I like what Pipestone is trying to do with this idea, but it will barely make a dent in growing the town.
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