Twenty-Four

What do you think I'm going to write about today: 1) The action-packed TV show with Kiefer Sutherland. 2) The crummy Toronto newspaper that everybody reads on the subway. 3) The number of hours notice you must give your tenant...

Top Ten: Again!

I had a pretty good response to my Top Ten: Over-Used Real Estate Buzz-Words the other day, so I thought I'd pick up where I left off. The reality is, there are too many of these annoying catch-phrases or meaningless...

Hindsight!

Hindsight is a funny thing. Because now it all makes sense!  I mean at the time, I didn't have a second thought in the world about telling my girlfriend, "I think that dress makes you look really fat." It's a...

Devil’s Advocate

No, I don't mean that crummy movie with Keanu Reeves and Al Pacino, I'm talking about the act of taking a position opposite of what you actually believe just for the sake of argument. I'm talking about seeing both sides to...

Conditions, Conditions…

Conditional sales are not uncommon in real estate, but many of the conditions themselves are. There are a couple of conditions I have never seen in deals before, and there is good reason for it... (more…)

Plan A or Plan B?

This is the most interesting scenario I've seen in quite a while. Two units are for sale in the same building at 188 Redpath Avenue. What makes this so interesting?  The units are exactly the same, and are priced $100,000...

The September Effect

Most businesses are cyclical to some degree; very few industries are unnafected by the various pages on a calendar. We know that the summer is typically "slow" in real estate, or at least that most people deem it that way....

Pre-Construction Comes To Fruition!

For all the complaining I do about pre-construction; the delays, the lies, the failures---I thought it would be nice to talk about something that actually DID work out. But decisions must be made, and be made post haste! Let's explore...

Restrictions On Showings

Gaah!  It's so frustrating to see people shoot themselves in the foot! When you're in a highly competitive market place, why would you restrict the number of potential buyers for your product? People are getting lazy and arrogant when it...

Investment Horizons

As I logged into my online investment account today, I coudln't help but feel that uncomfortableness in the pit of my stomach. My entire portfolio is down over the last six weeks, and it hurts to see it up close...

Mortgage Industry Changes (Part II)

After almost a week, most stories would be considered "old news." But the debates, discussion, and analysis continues and will probably do so for some time. Today, I'd like to continue where we left off yesterday and look at the...

Changes to The Canadian Mortgage Industry

If you haven't heard already, you're going to need to read this. Last week, changes were enacted by the Canadian Finance Department that will revamp Canada's mortgage industry. Of all the decisions and changes our Canadian government makes, this is...

House or Condo?

The debate continues to rage on, and I'm sure I've covered this topic ad nauseam. But while we usually look at this issue in bits and pieces while dealing with other topics, I feel it needs to be addressed on...

Clean Behind Your Ears!

Your mother always told you to clean behind your ears. But the owner of this condo in the King West area forgot to clean in a few other places as well. The living room, the kitchen, the dining room....the bedroom,...

Flat Fee Real Estate

One of my readers raised this topic for discussion, and I am very happy to bring the issue to the forefront. I'll try to raise the pros and cons of this hot topic without sounding too biased, but that will...

Realtors Combat Money Laundering

There are some serious changes happening in the world of real estate; changes that have been discussed and scrutinized behind the scenes for years, and will now come into effect. The general public will soon become aware of these changes that...

You Can Make Numbers Say ANYTHING!

It bothers me when I hear misleading statements that are founded on the manipulation of numbers. That old adage, you can make numbers say anything you want rings true in many facets of life. Whether it's a news broadcast that's...

Phenomenon!

Amazing! A house listed at $499,000, sold for $499,000! A condo listed at $319,900, got ONE offer and sold for $319,900! Is this a phenomenon?  Is this a mirage?  No, it's just the new trend... (more…)