The Thinning Toronto Rental Market

Despite the torrid pace of the resale real estate market in Toronto, today I choose to write about the ridiculous hoops one must jump through in order to secure a mere rental! I have stories a-plenty, but here are the...

You’re Fired!

Not all of my real estate tales are filled with jolly-good shows and happy endings. It's a very up and down business, so allow me to regale you with a story from my formative years. This is the story of...

Pricing A New Building

I just got home from a banner night of showing 2-bedroom condos to my aspiring lessee-clients. The building is so new that the top floors aren't even finished yet! So how do the prices at 18 Harbour Street compare to...

It’s Who You Know!

Have you ever heard the term "cooperating broker" in real estate? Some people joke that this term is an oxymoron since there is a perception that agents don't really work together, but forging relationships with brokers and agents outside your own...

Number Crunching

After my post on Wednesday about entry-level condos and the sub-$225,000 bracket, a reader commented and asked how this scenario would play out for investment purposes. I'm going to attempt to break down the numbers in what will result in...

“Must Assume Tenant”

Those three words can literally quash any hope a seller had of bringing an interested buyer to the table. In this market, or any market for that matter, a seller has to make his or her property as attractive as possible....

Brangelina’s House

All it took was a mere mention of the house that Brad Pitt and Angelina Jolie leased in my post yesterday, and I received a half-dozen emails from my readers who wanted to know MORE! Doesn't anybody care about important...

$53,500 Per Month

Wow!  And I thought the $7,000 per month that my client paid for his Hogg's Hollow mansion in 2005 was a lot of money! Here is a look at some of the most expensive properties for lease in the Greater...

Just When It Couldn’t Get Any Worse…

The following is a story of the most incredulous situation I have ever encountered with another Realtor and her client. Unfortunately, there is much preamble to the story, all of which details the trials and tribulations of my poor, innocent...

The Fundamentals of Renting

So you want to move out or move on, and you don't have the money to purchase a property right now. Renting will cure what ails you! But just because renting costs less than purchasing doesn't mean there are any fewer...

Where To Start?

Not everybody is a seasoned buying/selling veteran when it comes to real estate, and if you know absolutely NOTHING about real estate, how do you get in the game? Let's rewind....all the way back, and start from the beginning... (more…)

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...

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...

How To Pick A Tenant

Picking a tenant for your investment property is a lot like dating. You meet the person for the first time, and while you don't know right away if this is "the one," you surely know right away when this is...

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...