This will be a short letter this month as it is summertime and many of you are enjoying your holidays and time with the family. I am very pleased to announce that our retail shop on the Danforth, formerly known as Wash Up & Brush Company, has been renamed Drysdale & Co. Since the business…
Happy Canada Day everyone! We’re halfway through the year so I hope you enjoyed your long weekend (or a strange day off midweek on a Tuesday) and celebrated to the upcoming months ahead. In most businesses, the second half of the year often outperforms the first, so I feel that we tend to work harder…
This month I’d like to examine the rental market in Toronto. Last year the City of Toronto’s Shelter, Support & Housing Administration released a report called “Rental Housing Facts & Figures”, which looked at the makeup of income properties. What follows are excerpts from this study which highlights how income properties are still a dominant…
It seems like the Toronto media knows something about the real estate market that we realtors don’t. I’ve taken quite a few calls from clients this past month who’ve been reading the headlines and think that they have to sell their property right away before the bottom falls out. If the market drops off, then…
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…
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…