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There has been a lot of talk lately about opening up the bidding war process for houses because people feel the current process isn’t fair to them.
It sounds like the kids who were given participation badges when they were young instead of first, second and third place badges like the rest of us want to ruin the housing system too.Continue Reading
As a real estate agent and seasoned real estate investor, I’m always asked the question.
”Where should I invest?” I would usually say, “Anywhere you can afford to so that you can obtain positive cashflow.”Continue Reading
What percentage of detached homes in Toronto are selling for more than $1.7 million?
You’ve seen the headlines. Housing prices are on the rise. Buyers are getting frustrated with the high prices and the bidding wars.
Given the low interest rates and the need for more space, we don’t see housing prices going down anytime soon. In fact, it seems as though the only way is up. As much as we might complain about the high prices of housing right now, in 5 years, we’ll be saying, “Do you remember when a detached house was only $1.7 million?” I know this sounds hard to believe.Continue Reading
Last Thursday, I had the opportunity to attend the 14th Annual Post City Real Estate Roundtable – “Real Estate 2021: City vs. Suburbs” hosted by University of Toronto’s Rotman School of Management.Continue Reading
Are the current increases in real estate prices unsustainable? What we are seeing is a tale of the haves and have-nots playing out before our eyes in the economy and in the housing market. It’s as if we’ve entered the domain of the movie The Hunger Games which featured volunteers from various districts fighting for their survival while the wealthy watched.Continue Reading
How many semi-detached houses are selling for more than $1.4 million?
Over the last few weeks, I’ve noticed a trend with the prices of semi-detached houses in the core (C01, C02, C03, C04, C08, C09, C10, C11, E01, E02, E03, E06, W01, W02, W03 – see below for map) of Toronto. Pricing trends in the real estate market tend to be gradual but what I’m noticing seems like a more drastic trend. It’s an upward trajectory on the prices of semi-detached houses in Toronto. Many home buyers will now be shut out of the semi-detached housing market and more likely to buy condos.
I was on Arlene Bynon’s show on AM640 talking about how the pandemic has affected Toronto’s condo market.
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