December 10, 2014 17

Condos

How The Heck Do You Put A Price On THAT?

In Monday’s blog post, we talked about the idea of pricing raw land, and how difficult that can be in certain circumstances.

Today, let’s talk about putting a price on something even more difficult.  No, I’m not talking about some intangible, such as love, or happiness.  And I don’t think we can put a price on somebody’s life, although I believe they do in some countries…

Let’s talk about features of condominiums, which many buyers value differently, and the sellers who possess these features definitely value differently!  As for agents, many of them have no clue where to start…

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December 8, 2014 12

Development

How Do You Price Raw Land?

Easier said than done.  It depends on a multitude of factors, and it’s not a question that can be answered in a sentence or two.

The primary factors would be location, size, and most importantly: highest and best use.

Of course, it also depends on the views and objectives of the potential buyer and potential seller in a transaction, so let me tell you what I’m currently spinning my wheels with, and perhaps you folks can offer some insight…

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December 5, 2014 3

Leasing/Renting

Should You Buy The Property You’re Currently Renting?

If you think this is a rare, one-off situation, that doesn’t deserve its own blog post, think again.

I come across this time and time again, and at the risk of spoiling the ending, I’d say that this works out well half the time, and ends in regret the other half.

If you’re renting a property, and the landlord tells you he or she is going to sell it, do not have a knee-jerk reaction and immediately think, “I have to do everything in my power to buy this place.”

Believe it or not, that’s what most people do…

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December 3, 2014 4

Business

Stealing Home!

I don’t care if you’re buying lunch off a food truck, a pair of designer jeans, or a new home – it always feels amazing to get a great deal!

But what about the next level up from a “deal.”  What’s better than a deal, and what does that look and feel like?

In a word, it’s a “steal,” and it rarely, if ever, happens in the Toronto real estate market.

But every once in a blue moon, I work on a transaction that makes me feel like I got away with highway robbery.  A true “steal” in every sense of the word…

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December 1, 2014 8

Toronto Politics

Pan-Am-Mania?

Last week, mayor-elect, John Tory, gave his “State of the City Address,” and outlined seven key challenges that the city has to face head-on, notably: transit, gridlock, housing, infrastructure, basement flooding, poverty, and fiscal sustainability.

And then in a related interview, he commented on the 2015 Pan-Am Games, and told Torontonians to “get behind the games.”

In a bizarre, unintended, ironic kind of way, I can’t help but notice that almost all seven of his “challenges” have become more challenging, because of the Pan Am Games!

Oh, and in case you haven’t seen the promotional video, take a look below…

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