Not surprisingly, the Toronto income property market continued to soar throughout the month of August. With July numbers spiking up, the sales continued well into August and when the warm weather finally broke, even higher price levels were being attained. Contrast this to a year ago, when we were at the crest of what looked…
Wow. Has it ever been busy out there! When the June numbers came out we all breathed a collective sigh of relief. Up 18%, the market seems to clearly have rebounded from where we were a year ago. The reason: interest rates. When the buyers realized that prices in fact were not falling from the…
Happy Canada Day everyone! We’re at the midway point of 2009 and the Toronto real estate market continues to hum along. Quality income properties are still in high demand as the best ones still seem to attract multiple offers. Last weekend I had three central triplexes on my radar for clients and all three sold…
I think that the worse may be over folks. After news of doom and gloom over the past twelve months or so, it seems like things are really picking up. I have been showing income properties to clients every day, so there is certainly no demand shortage. The real news though is that people are…
This month I’d like to reprint a couple of articles from April that I was featured in. One is a story from Toronto Star reporter Tony Wong, where he talks about the benefits of buying real estate and quotes Canadian investment guru Don Campbell and myself. If you’d like to read the original article as…
Where are all the great deals on duplexes and triplexes that everyone is waiting for? As we head into April in the midst of a recession, I’m still combing the market daily, waiting for all these great opportunities with Toronto investment properties. Well it’s not happening folks. When the dust settles and the economists determine…
As news of economic doom and gloom continues, I can safely say that the Toronto Income Property market hasn’t experienced a serious downturn … yet! Quality duplexes and triplexes are continuing to trade and it doesn’t seem to me that there has been as big a price decrease as in single family homes. Realtors that…
The Toronto income property market continues to be in a holding pattern. For duplexes and triplexes, the inventory is very spotty at the moment. There are a few properties on the market that are quite nice, but they still reflect 2006 prices. Then there are others that require a lot of work, which many folks…
Happy New Year everyone! I’d like to personally wish and your family all the best for this upcoming year. May all your hopes and dreams come true in 2009. This month’s newsletter is in two parts. The first part is my annual prognosis for this New Year and what we might expect to see in…
Happy holidays everyone! This will be my last newsletter for 2008, so I won’t be checking in with you again until after Christmas. In early January I will do my annual wrap-up and analysis of this year. 2008 certainly saw a long-expected downturn finally occur in the Toronto real estate and income property markets and…
I don’t want to sound like a real estate agent or anything, but now’s the time to buy! I guess it seems like we’re always saying that, so it’s a bit of a “cry wolf” scenario when the market really does start to offer some opportunities. Well folks, the last few weeks have seen a…
So where are all the deals? After this past week of financial turmoil in the U.S., many of the experts are warning us that we are in for a rough ride in real estate. The cover of Macleans this week features the headline: “Canada’s Looming Real Estate Crisis” and shows a house that’s about to…