January 29, 2016 12

Houses

How Much Is That 3rd Bedroom Worth?

The world is growing.  The population is growing.  People seem to be taller and bigger than they were a century ago.

And yet, our domiciles are shrinking, more and more, every year.

Much of this has to do with the growing cost of real estate, but perhaps it’s in tandem with a societal shift in “wants” as they relate to “needs?”

The market for 2-bed, 2-bath houses in Toronto is on steroids right now, so let’s take a look at the cost of that coveted third bedroom, and whether or not it’s necessary…

Read More

January 27, 2016 15

Business

How To Get Rich Quick, And FAST!

Here’s something you don’t see every day!

First of all, a house being sold via auction in Toronto is rare!

But you also don’t see a $4.9 Million house being sold in the same forum as diamonds, watches, and cars, all for, apparently, low-low prices.

Do you know why?  Because they don’t.  Because this won’t.

Rich people don’t get rich by selling assets for pennies on the dollar.  Remember that famous quip, “I didn’t get rich by writing a lot of cheques!”

Read More

January 25, 2016 31

View Other Posts

Just How Crazy Is Your “Crazy Neighbour?”

I can’t believe I never posted this video before!

I suppose the green grass and sunshine would have been a dead give-away that I did NOT film this video last week.  I actually took this last summer while looking at houses in the east end, and it never made its way into a blog post…..until now!

I’ve done a few blogs on “crazy neighbours” before (that house on Bertmount in Leslieville comes to mind), but this made me laugh.

Take a look…

Read More

January 22, 2016 7

Business

Toronto Average Home Price: When Is The “Best” Time To Buy?

On Wednesday, I mentioned an article from 2015 that said January 20th is “the best time to buy a house,” based on average home price statistics.

I decided to switch gears and look and the inventory that’s available during each month in the spring market, and compare the number of sales to both new listings, and overall active listings.

Today, I want to go back and look at “average home price,” which seems to be everybody’s favourite stat.  Only I want to take a much longer, deeper look at the numbers…

Read More

January 20, 2016 27

Business

Today Is The Greatest, Day……To Buy a Home!

I love that play on words.  But then again, part of me is stuck in the ’90’s…

January 20th.  That’s the day.  It’s almost science!

That’s the best day of the year to buy a home, and I’m not just saying this because, well, today happens to be that very day!

Does anybody remember the article that showed up in Toronto newspapers one year ago?  Let’s take a look at it, and discuss the pros and cons of buying a home in January…

Read More

January 18, 2016 15

International

Monday Morning Quarterback: Capital Controls & Foreign Investment

“Foreign Investment” has become a buzz-term of sorts, and it often leads to an overblown conversation about a non-existent evil in our marketplace.  Although, I suppose it depends on who’s talking…

In today’s blog, I want to discuss the idea of free-flowing capital between countries, and how this has helped boost the Canadian real estate market, but I’d be remiss if I didn’t examine the incredible disdain among the “average Canadian” for foreign ownership in our major cities.

I’m not one for reading anonymous online comments, but even still, the comments from last week’s CBC piece are eye-opening…

Read More