Inventory of Toronto condos and lofts in the downtown core is shrinking, and rental rates are going up. Specifically, chances of finding a decent condo for rent under $1300/mo. are slim. For now, I am still at the opinion that careful buying is a reasonable option. Here is an MLS counts I ran on September
Toronto Condo Rentals are Expensive and Small 2/2 Read More »
Renting a Toronto condo or Toronto loft is about to get a lot more expensive. As purchase prices of Toronto Real-Estate seen significant increases, so do the monthly costs for your typical investor, who purchased a 600 sq. ft. condo in a new downtown building, and now rents it out. For example, a couple of
Renting a Toronto Condo – Part 1/3 Read More »
I was surfing around and discovered this article that claims that condos are the source of all evil in the world, that they are environmentally unsustainable and that “they build too much”. Check this pearl out: Downtown Toronto is stretching to its breaking point with new condominium developments sprouting up like weeds. On and on
It’s the Economy, Stupid! Read More »
THE SEVEN DEADLY SINS OF CONDO BUYERS #2 – ENVY (and Johnny Depp’s House) © 2007 Yossi Kaplan So, couple of summers ago I’m hanging out at this amazing 1920’s Mexican-style Hollywood hills 3-bedroom, 4,000 sq ft house. Yes, it’s that one in the picture on the left. Click to enlarge. To my right lives
THE SEVEN DEADLY SINS OF CONDO BUYERS #2 – ENVY (and Johnny Depp’s House) Read More »
THE SEVEN DEADLY SINS OF CONDO BUYERS: PRIDE The original and worst of all Seven Deadly Sins, Pride tops our list. Wikipedia states: “It is identified as a desire to be more important or attractive than others, failing to give compliments to others though they may be deserving of them, and excessive love of self”
THE SEVEN DEADLY SINS OF CONDO BUYERS: PRIDE Read More »
Sapphire Tower cost investors $28 million dollars in bad debts. Sapphire (planned) and 1 King West (completed) are two projects gone belly up this past week, taking with them a lot of investor’s money that was not properly protected. Doubt if they will ever see their hard-earned bucks back. So here’s what I want you
How to Lose $28 Million in Real Estate Read More »
So the date went pretty well and she obviously likes the amenities, especially the easy access and everything else lookin’ good, neat and in working order. The swanky condo comes complete with three star coffee and breakfast right in bed. Or maybe it’s not the weekend and someone is waking up in horror of being
Dating and Condos: The Morning After Read More »
You scored a super hot date and you’re contemplating these choices: spa treatment for two, private film screening, ashtanga yoga or hot yoga class, roof top drinks and bbq, an open bar friend’s birthday at the party room, go for a swim, the jacuzzi, playing scrabble at the library in front of the fireplace. Perhaps
My Amenities or Yours? Read More »
There’s something in common between Toronto downtown condo living and dating. First, it’s about the size: “how big is YOUR condo?” – don’t tell me you never asked or were asked this question… ok then… a few more pearls: “How is the view?” “Does it look good from the back? or just the front?” “Are
VIP Registration click here Episode II of the saga is written as recent changes in the market require highlighting. New Developments are fueling the market with injections of new, sexy, ultra-modern architecture, replacing older structure with desired ones. Buying from plans is still the cheapest way to get into new buildings, although expect to pay
Keys To The VIP – Vol. II Read More »
“Timing is everything” especially when it comes to selling. “Off-Loading” occurs when a new residential building nears completion. Investors who pre-purchased bulks of condos start to “Off-Load” their inventory to the private market (NOT on MLS). Buyers who are now in position to buy into nearly-completed projects can take advantage of inventory not available before
Off-Loading: Buying and Selling Investor Stock / Part 1 Read More »
Many of us think of purchasing a condo in this fashion: save for downpayment, find a condo, pre-qualify for future mortgage, buy the condo, wait till it’s built, move in and own. But in reality it’s not that easy to save for downpayment, and prices increase faster then one can accumulate savings, eroding your savings
“August 2, 2007 — TREB Members reported 8,912 total sales in July, 26 percent ahead of the 7,082 sales recorded in July of 2006, and an all time record for the month.” as reported by TREB. Downtown East (C08) concluded 1,248 transactions averages selling at $336,500 with 24 Days On Market. Downtown West (C01) 2,415
July Breaks More Records – WHY? Read More »
550 Wellington West and 650 King Street West now command $500 PSF. Expect similar values around the King/Spadina to King/Bathurst corridor.For $250,000 expect 500 sq. ft. with no parking or locker. For the same amount you’ll score approx. 20-25% more space at Liberty On The Park, and that’s why we like it: combination of location,
King West vs. King West West Read More »
Downtown Toronto is seeing a positive price correction, and it’s happening fast: from the beginning of 2007, prices of downtown condos (and homes) increased 10% – 15%. Bidding wars are everywhere. Your downpayment and your income erode so quickly, that if you do not make your move now, your future condo will be getting smaller
Why You Need To Buy Now Read More »
