Hello everyone. I’m pleased to announce that my new booklet entitled “Live for Free, to be free to live” is finally here. This book is a very handy guide for anyone looking to purchase a duplex, triplex or multiplex in the G.T.A., and is especially beneficial for live-in investors and first-time buyers. I have taken…
This month I’d like to look at a segment of the Toronto real estate market that I haven’t discussed too much in the past. As you know, at Plex we are very active with duplexes, triplexes and multiplexes as well as “fixer-uppers” that may have profit potential. One other area that I have also done…
Happy New Year everyone! I’d like to personally wish and your family all the best. May all your hopes and dreams come true in 2008 and may you have a truly memorable year. This month’s newsletter is in two parts. The first part is my annual prognosis for this New Year and what we might…
Here’s some good news after the approval of the new Toronto Land Transfer Tax in October. According to the National Post, the Canada Mortgage & Housing Corp. (CMHC) has decided to let Canadians buy investment properties with no down payment. Apparently they have quietly introduced changes that lower the down-payment threshold for an investment property….
Last month I addressed the mortgage crisis in the U.S. and how it may ultimately affect our real estate market. I made the point that although certain American cities have been experiencing serious downtowns, up here in Toronto we are still seeing record-breaking months. In September I was involved in six multiple offer situations which…
Happy Labour Day everybody. I hope you all enjoy this last long weekend of the summer. It’s then back to work, back to school and back to a lot more income properties coming up for sale. The Toronto market has enjoyed a great summer with August being another record-setting month, so there’s no reason to…
Wow, is it hot! We’re heading into the August long weekend and there’s no mistaking that we’re in the middle of the summer. There’s been so much talk lately about climate change and how weather patterns are becoming more erratic. It’s supposed to be hot in August, but it seems like the past couple of…
Happy Canada Day everyone! This is one of my favourite long weekends as it signifies that the prime summer months are upon us and that we are at the half-way point in the year. It gives you pause to reflect on the year thus far as well as give yourself time to think about what…
The Toronto real estate market continues to chug along as we head into the warmer months. There was a 2% reported drop in year-on-year activity for March but without knowing the final numbers yet for April, it seems like this great five year spike in Toronto prices is still holding. Quality income properties, where the…
Spring is in the air. This next quarter is traditionally one of the busiest times for the real estate business and the income property business specifically. As the weather gets warmer, more and more folks turn their attention to potentially moving or getting renovations done for a future sale. People always like to move in…
This month I’d like to start by announcing some exciting changes at Plex Realty Corp. Over the next few months I will slowly be transitioning our operation to the downtown core, much closer to our client base and most of the available income property inventory. As of March 1st, we will be moving our office…
The Toronto real estate market has roared back to life and sales of income properties in the Central core are hopping once again. After an early slow down in December and a bit of a late start in January, the amount of trades have steadily rose back to up to levels that we’ve become used…