Season’s Greetings everyone. I would like to wish all my friends and their families a very safe and happy holiday season. We’re on the verge of a new decade so I hope that all your dreams and aspirations come to pass.
This has been another year of high prices and lower cap rates for investment property purchases. Relative low interest rates coupled with a lack of overall supply and a larger buyers pool have continued to make Toronto very much a Sellers’ market. It has become increasing difficult for buyers to get the upper hand and as result cap rates can often slip below 4%.
Next month I will do my yearly wrap-up of income property sales and look forward to what 2020 might have in store for us.
- P.A.
yA friend of mine posted the following letter on Facebook last week. Please give it a quick read:
Read the full article:
Best Landlord Ever
yRead the full article:
New AirBnB rules coming to Toronto
Go Raptors Go. I think that this is the first time in my many years of writing these newsletters that I am cheering for our basketball team. Hey, playoffs are playoffs and that’s something we don’t get that often in this town. It’s great to see all the people in the square cheering on our…
This month we are going to address three different topics. First, I will be looking at the proposed changes to Ontario’s Tenant Protection Act. Now that parliament is back in session, I expect that modifications to the Act will soon be addressed by our Liberal government. As a landlord these suggested changes to the Act…
I’d like to start this month by thanking all of our clients and friends who came to see us at the 2006 Financial Forum. I’d all also like to welcome all the new folks that we met at the show that will be reading our monthly newsletter for the first time. This year’s show was…
Spring is here. This is traditionally our busiest time of the year as folks start making their real estate moves so that they can be situated by the end of the summer. Since the income property market was so robust in the first quarter of 2010, I can only predict that the demand and excitement…
I’m sure that everyone is as happy as I am that spring is almost here. I think we’ve seen the last of the heavy snow and the biting cold. It couldn’t have happened quickly enough as the bad weather slowed down the business for the months of February and March, particularly with income properties in…
This Month:Is There a Housing “Crisis” in Toronto? + Spring Maintenance Checklist