February 29, 2016 16
Well, how was your weekend?
I’m sorry if I soured your Monday morning with a headline like what you see above, and a photo like the one you see below.
But I don’t want to sugarcoat anything, and given what a client told me last week, I figured I’d use his quote directly as the impetus for this post.
“David, I’m not buying real estate with a gun to my head.” I don’t blame you, but in this market, you often have no other choice…
February 26, 2016 13
A couple of weeks ago, I posted a video about the new Freed Developments project underway at 150 and 155 Redpath Avenue in the Yonge & Eglinton area.
That was a classic example of a true “land assembly,” and if you look further, you’ll see even more land assemblies on surrounding streets, as Yonge & Eglinton is undergoing a rapid transformation.
Let’s look at another land assembly today, but along with the video, let’s look at the prices paid for the properties…
February 24, 2016 5
That question could lead to a whole slew of topics, and different applications of the term “second chance.”
But for the purpose of this blog, I want to look at “second chances” as they pertain to a buyer looking at a property, watching that property sell, and then seeing the property come back onto the market, thus giving the buyer a second chance.
How common do you think this is? How many times do you think I’ve experienced this?
I have a feeling you’ll be absolutely shocked by the answer…
February 22, 2016 38
Given the tagline, you might argue that I’m overstating things, or overreacting.
I mean, there’s people out there “living in perpetual fear” about their health, or their war-torn country, or the person stalking them like in some bad movie with Jennifer Lopez…
But as I explained to my wife on the weekend, and subsequently a couple of clients, the 2016 Toronto real estate market has me living in perpetual fear. Every minute, and every day. The worst part is – it’s rubbing off on my clients.
Let me explain what I mean…
February 18, 2016 13
I’ve long been of the opinion that flipping is dead in Toronto, given the high price of real estate, the transaction costs, and the fact that most properties that are candidates to be renovated and flipped end up selling for more than they “should.”
Last week, I took a serious look at a property that could have made a fantastic project.
Let me guide you through the process, from start to finish, with all the evaluation criteria that we used.
February 16, 2016 13
Or is it simply a slow news day?
Monday marked the first day that buyers will have to make a minimum down payment of up to 10% on the price of houses over $500,000, but as those of us who read beyond the headlines are aware, that’s a sliding scale, that sounds a lot worse than it is.
I’m of the opinion that the new 10% minimum won’t have as much of an effect as other people might suggest, and that the hot January market cannot be attributed to buyers “hurrying up” to get ahead of the new mandatory minimum…
