January 30, 2015 16

Condos

Renting Your Furnished Condo

It sounds like a great idea!

Kill two birds with one stone: get more money for renting the property furnished, and save money by not having to move and/or store the furniture.

In practice, however, there are drawbacks, headaches, losses, and of course – the idea of somebody else sleeping in your bed…

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January 28, 2015 20

Business

Does “Sale-To-List” Ratio Matter?

If you’re a prospective seller, and you’re interviewing listing agents, do you care what their “list-to-sale” ratio is?

You constantly see these signs that read “sold over asking” but in a market where houses are deliberately under-priced to sell for over the asking price, is this really something worth advertising?

“Breathed Air Today,” says the button on my lapel.

It’s just the same, is it not?

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January 26, 2015 16

Business

Bank Of Canada Interest Rate Cut: Are We Overreacting?

Maybe I’m not, and maybe you’re not, but there’s a LOT of people who are!

I know the BOC announcement last week was shocking, and caught us all off guard.

But is it really going to have an effect on the real estate market?  Are buyers really going to enter the market now who weren’t going to enter the market before?  It sounds ludicrous to me, and the overreaction is fierce.

Since when does ten basis points alter one’s life?

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January 23, 2015 74

Business

So You Want To List With A Discount Brokerage, Do You?

This is a contentious topic to some, but personally, I welcome it.

We’ve heard a lot in the past few months about “new real estate business models” popping up, both for sellers, and for buyers, and while I can’t exactly give you my entire thought process in less than 50,000 words, I can tell you about a situation I had recently that I think sums up with the “lesser” brokerages do for their sellers.

This isn’t opinion, and it’s not rhetoric.  This actually happened…

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January 21, 2015 28

Condos

Should Toronto “Force” Developers To Build 3-Bedroom Condos?

This has been rumoured now for quite some time: the City of Toronto has contemplated amending the Official Plan to essentially “force” condominium developers to construct 10% of units in buildings with 100+ units as 3-bedroom condos.

While this is meant to address a glaring problem – that of affordability, and lack of options for growing families, a lot of people, myself included, don’t believe that the results would be anything near what was intended.

Take a look at a 3-bedroom condo downtown, and you’ll see that it’s better suited for three International students, renting and making a landlord money, than an actual family of four…

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January 19, 2015 18

Houses

How Much Does A “Busy Street” Affect Value?

To some people, a house on a busy street represents an opportunity to get into a particular neighbourhood and school district at a substantially discounted price.

To others, it’s a non-starter, and a complete deal-breaker.

Let’s talk about how we value a house on a busy street compared to the same house around the corner, and how the decision-making process would play out for either somebody looking to buy on that busy street, or somebody already living on the street – who wants to get out

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