January 31, 2014 56

The Friday Rant

The Friday Rant: Don’t Believe Everything You Read

Don’t believe everything you read,” said one commenter on Wednesday’s blog about 201 Carlaw Avenue.

I agree.

Don’t believe everything I say, and don’t believe everything he says.  Do your own research, gather facts, educate yourself, and make an informed purchase decision.

Not that I want to fuel the fire, but I believe a follow-up post to Wednesday’s blog is in order.  If ever a blog post could serve as a cautionary tale, I think buyers can learn a lot from this experience…

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January 29, 2014 156

Condos

Problems At The Printing Factory Lofts?

In this business, you truly learn something new every day.

And last week, I encountered a situation that I had never seen before, with a building that is now in major financial peril, and where the sale of existing units has massive hurdles.

I love this building, and I’ve been pumping up this area for quite some time, but if 201 Carlaw Ave is now on the “don’t insure” list by the three major Canadian mortgage insurers, it means buyers have no choice but to stay away…

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January 28, 2014 10

International

King Of The Castle!

Let’s play a game…

You have $699,900 to spend on a piece of Canadian real estate.

I’m going to give you five options, and your job is to pick one.  Sound easy?

Alright, alright fine – I’m leading you all toward picking the 5th property, and the first four are just for comparison purposes, and to drive home the insanity of buying a CASTLE for $700K…

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January 27, 2014 17

Business

“Marketing” Your Assignment Sale

I know, I know – you’re way ahead of me.

You know that I put “marketing” in quotations because I don’t believe most people put any effort whatsoever into marketing, advertising, or actively selling their assignments.

So let’s take a look at a “new listing” that came out on MLS this week, and the “marketing” that went into it.

You’ll laugh, then you’ll sigh, and then you’ll shake your head.  But what else is new?

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January 24, 2014 33

Business

The Friday Rant: What’s It Going To Take?

“What’s it going to take to make this market turn the other way?” I was asked last week by a reporter from the Wall Street Journal.

There are several ways to answer that question.

Cynically, figuratively, literally; with empirical evidence and economic data, or with anecdotal evidence from working in the market each and every day.

This post is sure to stir the conversation.  So: what’s it going to take?

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January 23, 2014 34

Houses

What Everybody’s Talking About: 325 Perth Avenue

One house.  Thirty-two offers.

And 33% over the asking price.

By the time you read this on Thursday morning, the newspapers and Internet will be flooded with stories about 325 Perth Avenue, and for good reason – it’s just insane.

So rather than examining what happened, which is what everybody else will do, I’d like to tackle why this transpired…

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