Newsletter: August 2012 I’m starting to hear a lot of talk out there about the Toronto market finally starting to cool. Some experts think that the decline in the July numbers are indicative of the market finally starting to soften – something that many have predicted would happen and have been waiting for. My stance…
Happy Canada Day everyone! I hope that you are all enjoying your long weekend and are looking forward to taking some more time off this summer. It’s going to be hot out there so try to stay cool. We live in great province with plenty to do so make sure you take advantage of it….
The beginning of June is the traditional start of summer but it feels like we’ve had two months of summer time already. I suppose I shouldn’t complain but I think that we are in for some HOT months ahead. The real estate market generally slows down a little at this time of year, but as…
The Toronto residential income property market continues to be very strong for sellers. Duplexes, triplexes and multiplexes in the east, central and west districts continue to trade for record prices. Multiple offers are still the norm and prices in excess of$50K to $100K over asking are still quite common. Returns can be negligible so buyers…
This month I would like to welcome back Jay Snider to Plex Realty. Jay and I have been working together since way back in the CD manufacturing days, so for quite some time. I look forward to working a lot with Jay on the listing side as he is a consummate professional and a great…
This month I will address the fervor of the Toronto income property market over the past few weeks. There was some speculation that with more supply coming online as we approach the spring market the current hot demand would cool a little. Quite simply this hasn’t been the case. I haven’t seen any quality duplexes…
A few postings ago, I wrote about being patient if you are looking to buy an investment property in Central Toronto. I had no idea how true this would be for the start of this New Year. Demand is still greatly outpacing the current supply, and some of the recent sale prices have defied logic. …
Happy New Year everyone! I’d like to personally wish you and your family all the best. May all your hopes and dreams come true in 2012 and may you have a truly fun and memorable year. I look forward to seeing many of you in the upcoming months. I will continue to be your eyes…
Season’s Greetings everyone! I would like to wish you, your family and all your friends the warmest wishes for a safe and happy holiday season. I’m looking forward to taking some much needed down time over the upcoming break. For those of you who don’t know, I built an audio recording studio in my basement…
What is the key to success in the real estate investment business? One word: Patience.Many of my clients have endured a rough ride this year with the lack of too many good duplexes and triplexes. The key, quite simply, is to hang in there. I strongly recommend to my purchaser clients that you don’t get…
The fall real estate market is underway and now in full swing. I have been quite disappointed with the income property inventory over the past few weeks. Usually after Labour Day the number of listings increases from the previous summer months. While there have been more listings as expected, unfortunately very few of them have…
As we head into the Labour Day weekend, many of us are saying good-bye to summer and are getting ready to get back into our full-time grooves. There have been very few decent duplexes or triplexes over the past month, so I look forward to the new inventory that will hit the market in the…