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Recent content by MarcFromOttawa

  1. M

    Baby, we got a bubble!?

    The rental does not generate 8% cap rate. You can't compare the purchase price of 10 years ago vs today's rents to calculate a yield. He should calculate the cap rate based on today's valuations and opportunity costs for the equity and compare that to other assest classes to see if it's...
  2. M

    Starbucks is not a freak'n library!

    Your first mistake was going inside a Starbucks. But seriously he was "looking at you"? Grow a set.
  3. M

    Baby, we got a bubble!?

    Here are details for the BMO Low-Rate Mortgage: ■5 year fixed term ■Only 10/10 pre-payment privileges (vs 20/20 on other BMO products) ■Maximum amortization period: 25 years ■You can’t refinance or switch to another mortgage lender before the 5 year period is over ■Not available on...
  4. M

    How would you decorate this unit?

    I'd put a small 2 seat dining table near the kitchen. The TV in the far corner. A 2 seater couch against the bedroom wall. Maybe another small bench with coffee table or decoration.
  5. M

    Baby, we got a bubble!?

    Of course not, it's different this time. In 1989 a Toronto SFH went down 25% over 4 years and took 12 years to recover in nominal prices. Prices in Toronto are down 40,000$ since May 2011 http://www.mississauga4sale.com/avgprices.JPG Prices are still up year over year.
  6. M

    Modern Condos, The (Empire Communities) - Real Estate -

    When you spend hundreds of thousands of dollars for a promise to buy a concrete box in the sky you have to understand all the risks before you make your decision (including possible delays). I'm sorry about the pee in your cornflakes.
  7. M

    Design Opinion

    Erin start your own thred. Carturo I would leave the unit as is.
  8. M

    Modern Condos, The (Empire Communities) - Real Estate -

    That's one of the risks with buying off floor plans. On the other hand it's been almost 2 years since your purchase so it must have increased in value.
  9. M

    Mortgage opinions required, help!!

    http://www.ratesupermarket.ca/best_mortgage_rates/ You may also PM mortgage brokers in the following thread. They seem to be offering good rates for GTA only. http://forums.redflagdeals.com/official-mortgage-rates-thread-351105/943/ Originally Posted by Geese_Howard 1 year 2.09% 2...
  10. M

    Baby, we got a bubble!?

    http://www.torontorealtyblog.com/2011/08/the-most-over-saturated-condos-in-toronto/
  11. M

    Victory Condos (BLVD Developments, Lifetime Developments) - Real Estate -

    http://www.torontorealtyblog.com/2011/08/the-most-over-saturated-condos-in-toronto/
  12. M

    M5V Life Condos (TAS DesignBuild, Lifetime Developments) - Real Estate -

    http://www.torontorealtyblog.com/2011/08/the-most-over-saturated-condos-in-toronto/
  13. M

    300 PSF Still Available?

    You know this thread is 2 years old right?
  14. M

    condo in ottawa

    You can get to the balcony from either living room or bedroom. There's also a pillar in the corner.

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