September 29, 2009 3

Condos

Sad Silo Sight

Good news from City Hall….for a change.

The City of Toronto has abandoned a plan to turn these God-awful silos into a museum, and instead will raze the site which serves as a massive eyesore for residents of 650 Queen’s Quay.

So will our outgoing mayor, His Uselessness David Miller, give us a beautiful greenspace?  Or another condo…

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September 28, 2009 2

Condos

Pricing Games!

Two identical units are listed for sale in the same complex, priced $20,000 apart.

The cheaper one is better, and they are both holding back on offers and reviewing them one day apart.

This situation is primed for one person to get screwed, and one person to get a great deal…

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September 27, 2009 3

Condos

Festival Tower On A Lighter Note

Yesterday, I trashed the new project by Daniels Corp simply because of their ridiculous marketing brochure which features sexy bodies by the poolside in an attempt to sell condos to Toronto’s single, social elite.

Today, I’d like to re-visit the project from it’s launch, and see how you could have made over 100% per annum on your money…

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September 23, 2009 6

Condos

Festival Tower Redux!

One of the first blog posts I ever wrote back in the spring of 2007 was a sarcastic look at the movie-star names for each unit at Festival Tower.

A little over two years later, I’m astonished to see how much prices have risen for the Nicholson unit!

Don’t worry – my sarcasm hasn’t fleeted in the past two years!  I still have some cynical observations to make about the marketing used for this project, but I’d also like to analyze the on-paper return on investment for the last 25 months…

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September 22, 2009

Business

Kiss of Death

There are many “wrongs” in real estate and they get a lot more attention than the “rights.”

One of the biggest mistakes I think that a seller (and the listing agent!) can make in any market is refusing to sell for the asking price, and then re-listing the property at a higher price.

Doesn’t it sound ridiculous?  Allow me to explain…

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September 20, 2009

Houses

Cheating!

Sure, real estate CAN be a dirty business, but it isn’t always.

Many if not most of our membership are straight shooters who play by the rules and seek to promote integrity and honesty.

However, there are some Realtors out there that make their own rules, and the following account is an extremely common example…

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