Time For A Refund?

I've received this phone call a dozen times so far this year: "I bought a pre-construction condo two years ago, and I'm worried I'm not going to make money when I close." Realization is a good first step.  Second: ask for a...

Illiquid Assets

Here's a new way of looking at pre-construction condominiums, which continue to be shown in a negative light. The best assets are those that are liquid, yet a pre-construction condo purchase is one of the most immovable assets there are......

Is Park Place The Next City Place?

Rumors are swirling about the new "Park Place" development by Concord Adex that draws obvious comparison's to Concord's previous crack-baby: CityPlace. Guess how many units here are actually owner-occupied?  Nope, guess again.  Nope, still too low... (more…)

(Yet Another) Conflict of Interest

I hope I'm not opening a can of worms here, but I think the Realtor-haters will have a field day with this one. I've always thought pre-construction condo sales commissions represent a conflict of interest when they pay more money...

Is “Flipping” Dead?

It's been a great seventeen years in the Toronto real estate market, and all the players have made money.  But is flipping actually viable anymore? Market conditions aside, flipping properties for profit has become very difficult... (more…)

Investing In Education

No, this is not a political announcement from Premier McGuinty. This is a calling to all investors who should be looking at rental properties right next to a University campus... (more…)

The Redstone “Community”

Here's a visual depiction of what I was talking about during Wednesday's blog post. This short video shows both the gorgeous, sprawling community of Redstone, as well as the thousands of acres of farm land right next door... (more…)

Land, Ho!

On Tuesday afternoon, I drove through my old stomping grounds in Park City, Utah and saw what has become of the city I last visited in 2001. The real estate market boomed, then crashed, and now they're still left sifting...

The “One Bedroom Effect”

It's a new term, in fact, I just thought of it now. But there are a ton of new developments in Toronto that consist mainly of one-bedroom units, and this points to one, clear, identifiable buyer pool: INVESTORS. If you...

Real Estate As A Derivative?

The finance geeks will love this post!  I hope... For the rest of you, don't let the math below dissuade you.  It's complete gibberish to me as well. I've always thought of pre-construction investing much like derivatives in the financial...

$900 Per Square Foot At Festival Tower?

Ridiculous. Insulting.  Pathetic. I can't believe that this worked.  I can't believe that labelling units with "DiCaprio" and "Jolie" has resulted in $900 per square foot for slightly-better-than-average condos in an overbought building in the downtown core. Is our society really...

Can You Beat The Market?

Friday's blog video was about the pre-construction condo marketand how I am of the opinion that there is no longer any money to be made. One reader commented, "People keep buying because the market keeps going up!" He's completely missing...

X-Condos: Before & After

Now that there have been a good four months worth of resales at X-Condos, I feel it warrants a look back at what these investors (okay, okay, I'm sure some of these people were actual users) paid for their units...