April 29, 2014 40

Business

What Everybody Is Talking About

If you haven’t heard about this yet, I’m actually quite surprised.

It was on Facebook all last week, every Realtor, buyer, seller, and likely even their mothers were talking about it.

A house in Toronto was listed at $699,000, received 72 offers, and sold for $1,365,888.  That was 195% of the asking price, and the house was priced at only 51% of the eventual sale price.

Let’s examine exactly what happened here…

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April 28, 2014 20

Business

Acceptance!

I’m always advertising that I’m an honest, no-nonsense Realtor who shoots from the hip, and tells it like it is.

So for that reason, I feel I owe it to prospective buyers to tell them EXACTLY what to expect when looking to buy a single-family home in Toronto, whether they want to hear it or not.

Maybe it’s harsh, and maybe it’s dream-crushing, but I figure I’d better tell them sooner rather than later, otherwise, I’d just be coddling them and stringing them along like any other salesperson.

If you are looking to buy a single-family home in Toronto today, you have to accept current market conditions for what they are…

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April 25, 2014 9

Business

Holding Back Offers On……Condos?

Oh yeah – it’s happening.

And what’s even more alarming, is that it’s happening with increasing frequency.

I’ve blogged about the notion of holding back offers on a condo in 2014, previously saying that I thought it was ridiculous, and misguided.  And while I still think it’s ridiculous, it seems that the red-hot housing market is spilling over into the condo market, and sellers and listing agents are feeling good about their options…

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April 23, 2014 11

Condos

“Waterfront” View Often Comes With Waterfront Noise…

I couldn’t help putting “waterfront” in quotations, since many “waterfront condos” either aren’t on the water, don’t have a view of the water, or worse – both.

I shot this video a few days ago from a new waterfront development that has rave reviews, but I’m going to let you guys judge for yourselves.

Not only is it so windy on the balcony that the glass rattles, but there’s so much noise from the Gardiner and the GO Train that you can hear it even with all the doors and windows closed.

You have to see this train – watch as it basically goes right underneath the building…

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April 21, 2014 9

Houses

Making It Fit!

You wouldn’t believe what I see in “renovated” houses these days.

Or sadly, maybe you would…

I shot this video recently, trying desperately to show just how ridiculously-designed this bathroom was, by a “developer” who I can guarantee has no experience, and certainly doesn’t know how to draw up blueprints.

We’re not building a house out of LEGO here, folks.

Remember the saying, “measure twice, cut once?”  Well, I have to wonder what they did here…

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April 18, 2014 2

Stories!

Happy Easter!

Yeah, I’m taking today off, and thus this very short post about Easter.

The first 3 1/2 months of the year have been a grind, and I’m sure many of you are looking forward to a 3-day weekend, or 4-day, if you consider Monday a holiday.  I’m looking at you, public service workers!

Here’s a quick story about what Easter was like growing up in a non-denominational family…

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