Last week, I had the opportunity to attend the Toronto Real Estate Board’s Annual General Meeting. Benjamin Tal, the chief economist for CIBC, was the guest speaker. I heard him speak before and have always been impressed with what he had to say. This time was no different and he didn’t disappoint. He blew my mind with his facts, figures and insights and I literally tried to take as many notes as my hand would allow. In fact, by the time he finished speaking, my hands hurt. Continue reading
The new mortgage rules and stress test come into effect soon. How can it be beneficial to help someone find a mortgage to invest in property?
Attention first-time buyers! This spacious 3-bedroom bungalow with separate entrance to the basement and 2 Bathrooms, Located at Victoria Park & Lawrence Ave is your opportunity to own a home in the city and it’s a short walk to Parkway Mall, Metro and restaurants. You can enjoy bike rides and walks at Parkwoods Trail. Close to the mouth-watering Mediterranean gourmet grocery store; Arz Fine Foods. Easy access to the DVP, 401 and the new Eglinton LRT.
Located in the Junction, This bright, South-facing 1-Bedroom with balcony offers a beautiful view. Open-concept kitchen, living and dining space ideal for entertaining. Close to buzzing new restaurants and coffee shops that the junction has to offer. Near Keele and Dundas subway stations, High Park, bike trails and Hwy 400. Includes locker.
Located in Davisville Village. This spacious 2 bedroom & 2 bathroom condo faces south and has a large balcony. The supersized master with ensuite and 2 closets include a W/I. The open-concept kitchen, living and dining space is ideal for entertaining and has a convenient breakfast bar. Steps away from Davisville Station, Starbucks, Tim Horton’s, grocery stores, restaurants, Summer Farmer’s Market, beltline, ravine trails and parks.
Here’s a list of tips on what makes a good condo for resale.
I started to study the value of 1 & 2 bedroom condos along the subway line. After I completed my initial research, my next question was how much have the values changed between 2017 and 2016 at each subway station. My analysis was even surprising to me. It does matter which subway station is the closest to your condo in determining how much your condo will increase year over year.
I pulled the numbers from the Toronto Real Estate Board statistics based on condos that were within a 0.3km radius or 394 steps from a subway station. Some stations don’t have any condos built within the 0.3 km distance and some had few sales reported during the period of Jan. 1 to July 24th making some of the sample sizes rather small (ie. less than 4 condos).
I’ve been there, done that, and bought the t-shirt.
When I say that, what I mean is that I purchased my first pre-construction condo in 2001. It was on Merton St and I lived there for a few years before I purchased my first house. While I lived at 194 Merton St, I was part of their initial board of directors taking on the roles of Secretary, Treasurer & President over the years. Let’s just say I learned a lot about condo management being an owner and sitting on the condo boards. Continue reading