Toronto Income Property Newsletter – September 2014
Back to school. Back to work. And back to selling income properties. The Toronto real estate market will roar back to life this week as many agents start listing properties for sale this fall. There were fewer houses for sale this summer as we expected, although prices and demand held steady. Last week two semi-detached…
Toronto Income Property Newsletter – August 2014
I trust that all of you are enjoying the summer. The real estate market generally gets a little slower in July and August, with more properties being offered for sale after Labour Day when summer holidays finish. The residential income property market generally tends to follow the trends of the overall housing market. I have…
Toronto Income Property Newsletter – July 2014
Happy Canada Day. I hope you all enjoy your day off today, and take a moment to reflect on how lucky we are to live in the best city and country in the world. I arrived in Toronto when I was six years old from the UK, and have called Canada my home ever since….
Toronto Income Property Newsletter – June 2014
It’s World Cup Time! Opening kick-off is only now ten days away. I know I should be talking about real estate and plexes in my opening ramble, but this is more exciting. Who are you going to cheer for? Spain – since they have won the last three major tournaments? Germany – because they look…
Toronto Income Property Newsletter – May 2014
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…
Toronto Income Property Newsletter – April 2014
Well it looks like spring is finally here. It might seem like an April Fools’ joke, but we’re supposed to get several days in a row of nice warm weather. It’s about time. The Toronto real estate market could use a jolt of spring time air as we need more people to list their homes…
Toronto Income Property Newsletter – March 2014
And away we go. Two weeks back we saw the first real spate of quality new inventory hit the market for the first time this year. Prior to that the listings were scant and there were very few attractive investment properties to consider. With such a limited supply, the majority of downtown properties were exceeding…
Toronto Income Propery Newsletter – February 2014
The downtown Toronto housing market has picked up exactly where it left off a few weeks before Christmas – not enough inventory and sale prices going well in excess of the asking price. Many of you read about the house in the Junction this month that had 32 offers and went for almost $300K over…
Toronto Income Property Newsletter – January 2014
I’d like to take this opportunity to wish you and your family all my best wishes for a very safe and prosperous new year. I hope that you and yours came out of the ice storm and the subsequent deep freeze unfazed. We were very lucky to not lose power but I know unfortunately that…
Toronto Income Property Newsletter – December 2013
Happy Holidays. I’d like to wish you and your family a very safe and enjoyable Christmas season. I’d also like to especially thank again all of our clients who bought properties with us this year. Thanks for your patience in this competitive market (most of you had to write a lot of offers along the…
Toronto Income Property Newsletter – November 2013
Get out your winter coats – leaves are falling and the cold weather is upon us. We are nearing the end of the year which means only another five or six weeks before the real estate market slows down as we get into the Christmas holidays. This year has very much been a Sellers’ market…
Toronto Income Property Newsletter – October 2013
The number of properties for sale in September increased as expected after a slower July and August. Not surprisingly, the market picked up right where it left off before the summer. In most cases, multiples offers with no conditions and sale prices over asking continue to define houses in downtown Toronto. Quality income properties remain…