January 30, 2017 14

Houses

Co-Ownership Of Your Primary Residence: What Could Go Wrong?

With talk of how difficult it is to purchase a home in Toronto in 2017, there will undoubtedly come talk of alternatives.

Moving out of the city is one alternative, no doubt about it.  This is a topic we’ve explored before several times.

But I’m hearing a lot about “co-ownership,” and I don’t mean buying a co-op as an alternative to a condominium, but rather the idea of, say, two young couples, pooling their money to buy a duplex.

The advantage is obvious: getting into the market, and owning real estate.  But today I want to look at the disadvantages, and what could go wrong…

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January 27, 2017 10

MLS Musings!

More MLS Musings!

The 2017 Toronto real estate market is just crazy, folks.

I need a breather.  You need a breather.

It’s like when you go home after a long day of work and decide to watch an episode of Black Mirror.  Then after feeling even more down, you ask yourself, “Why am I watching this?”  Then you go to Netflix and find 22 Jump Street.

Well, enough Black Mirror.  Bring on the antics of Jonah Hill…

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January 25, 2017 46

International

What Would That Cost…….In London?

London, Ontario?  Oh, probably just a fraction!

But alas, I speak not of the wee town by day, hockey hotbed by ‘knight.’

I speak rather of a world-famous, world-class, historic, beautiful, and expensive city that is home to our Monarch.

Just humour me, and look at this…

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January 23, 2017 19

Business

What Can You Get Away With In This Market?

A lot, apparently.

And with every passing day, sellers and listing agents are pushing the boundaries more and more, and getting both more creative, and more brave.

It’s a seller’s market, and it’s red hot, so buyers have to make some concessions.  But let me give you three examples of where I think enough is enough…

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January 20, 2017 10

Stories!

A Job Worth Doing, Is Worth Doing Well (Pt2)

Let’s pick up on the topic of conversation from Wednesday, and discuss the “right” way to sell real estate in this market.

I’ll often lay out a theoretical, “What you could do” to the sellers, which represents a road they’re not interested in walking down.  But then when they hear the price they could get if they were to do so, suddenly, they seem a lot more willing.

I had another listing last fall that took over a month to bring to market.  Let me explain…

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January 18, 2017 9

Stories!

A Job Worth Doing, Is Worth Doing Well

The stakes are high in this real estate market, and I would vehemently argue that they’ve never been higher.

What I mean by that is there has never been more fluctuations between sale prices of similar properties, and there have never been more buyers paying “crazy” prices for houses and condos.

I’m not going to turn this post into an advertisement for “why to hire an experienced, full-service agent,” but I am going to tell you about two listings I had late last year where we took our time, did things right, and smashed records in the process… Read More