May 31, 2017 16

Investing

How Do You Evaluate A Multi-Plex For Investment?

Well first of all, if you’re looking at buying a multiplex for investment – good on you, you’ve clearly done something right!

But believe it or not, there’s serious competition for multiplexes – those properties with 3-or-more dwellings.

Cap rates are down, demand is high, and investors are accepting lower returns in order to get into the market.

Let me outline nine criteria that a would-be investor must consider, at the bare minimum, for any multiplex purchase…

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May 29, 2017 25

Business

What Is False Advertising, Anyways?

I’m about to open a can of worms here, but this can needs to be opened.

Then it needs to be examined by all the real estate bodies in existence, and active buyer-agents should have a look inside too in order to prepare themselves for what’s going on out there right now.

We all know that properties in Toronto are usually under-listed at a price that the seller won’t actually accept, with an unofficial auction we call “offer night.”

But what if there was no offer night?  What if the property was listed at a price that the seller would never, ever, consider accepting?

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May 25, 2017 50

Business

April, 2017: Transition Month, Or A “Blip” On The Radar?

The jury is still out on this one.

A lot of people think that the surge in inventory in April, combined with the lower-than-expected sales figures, signal the beginning of a transition to a more balanced market.

Others think that in the midst of an insanely hot September/October/November market, we’ll look back at April as a “blip.”

I want to revisit the month of April and present five major events that, combined with one-another, may have caused the market to pause, or as some have put it, cool.

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May 23, 2017 16

Houses

Listing & Re-Listing: Is THIS The Reason For The Surge In Inventory?

Last Friday, I brought up the topic of “listing and re-listing,” which seems to be real estate’s new plague.

I certainly don’t fault sellers for re-listing their properties at higher prices, when their “strategy” of under-listing, and holding back offers, doesn’t work.

But as May turns to June, and beyond, we might start to see more sellers simply (gasp!) list at fair market value to begin with.

Today, let’s take a sample area of the city, and see just how many properties have been re-listed…

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May 19, 2017 32

Business

Real Estate’s New Problem: Listing & Re-Listing

Just when you thought that the real estate market was at the maximum level of frustration, it’s as though Realtors found a new and improved way of pissing people off.

While the rampant under-listing of properties that led to multiple offers on every single listing was frustrating to no end for buyers, the new trend that’s resulted from changing market conditions may be bothering buyers even more.

I’ve never seen so many properties being re-listed at higher prices in my career.

Let me explain what’s going on, and how we got here…

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May 17, 2017 18

Houses

The Craziest House You’ve Ever Seen?

We all had that one friend growing up whose parents were odd.

Remember the first time you went over to that friend’s house?  It was like walking into one of the scary scenes from Alice In Wonderland, or Jacob Two-Two Meets The Hooded Fang (that one especially scared the crap out of me).  And all of a sudden, your friend’s demeanour at school made more sense.

I’m a big fan of crazy houses, but one exterior photo will simply not do.

Take a  look at the following house, and tell me how long you could live there before you’d feel the need to redecorate…

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