News   Apr 19, 2024
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    Baby, we got a bubble!?

    who do you think bought all the pre-construction condos in the early 2000s....foreign buyers. When most of the Cityplace buildings don't include the number 4, it is clear who they were marketing too. Foreign Buyers have always been active in Toronto, now we can start to blame them, which this...
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    Carnaby Row and The Carnaby (Streetcar Developments) - Real Estate -

    Looks like all 3 buildings will be registered at the same time. The expected resgistration date is sometime in September/October, well at least that is what they hope
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    Carnaby Row and The Carnaby (Streetcar Developments) - Real Estate -

    Has anyone received confirmation about building registration?
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    Roncesvalles, Seaton Village or St. Clair West?

    dupont and ossington to christie
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    Loft

    shenanigans like what?
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    New buyer, downtown condo market

    I think Etobicoke is a great option if you want parking. I think like Ric said, lake shore and park lawn is a "value trap"Agreed. Might as well go downtown and buy a unit without parking. If you want a good building and location in Etobicoke, I would look at Network Lofts at 2 Fieldway (next to...
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    Cautious Investor: Insight into THEHUB by Empire Communities

    The Hub will be in a transitional neighbourhood that should be improving over the next few years, especially with the arrival of Crosstown. It all depends on what the pricing is. I remember not liking the floor plans that much, although, I am sure there are some good options. For this area I...
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    Baby, we got a bubble!?

    Agreed! Basement apartments that are roach motels will be close to 1000 a month. I doubt anything like this exists to level that makes life enjoyable.
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    Baby, we got a bubble!?

    There are better options nearby. That is quite a lot for this area, but people are buying them. The east end is the only available option that still remains "affordable", and still close to downtown. Prices will continue to get out of control here.
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    Baby, we got a bubble!?

    Many resale deals out there, over pre-construction with insane closing costs. If anyone is deciding between the two.........BUY resale. Cinema tower is not selling very well. And TIFF with maintenance fees hitting over 90 cents a square foot has lost its value. Very dangerous buildings to buy...
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    Baby, we got a bubble!?

    And unlike rob ford, I am willing to admit the mistake I made was from 2011 to 2012. Hope that makes you feel better.
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    Baby, we got a bubble!?

    From 2011 to the end of 2012 there was an increase of 19.8 percent as shown 2011/2112 graph. Depending on what quarter report you use there is evidence that at one point it was 15%. Again, this supports the notion that rents did increase at one point 20%, which is what I stated from the...
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    Baby, we got a bubble!?

    http://www.torontorealestateboard.com/market_news/release_market_updates/news2011/pdf/nr_rental_report_09-12_10.pdf http://www.torontorealestateboard.com/market_news/rental_reports/pdf/rental_report_Q4-2012.pdf...
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    Baby, we got a bubble!?

    I ran the numbers from TREB. The increase was at 15 percent in C1 from the start of 2012. I only looked up C1-1 bedrooms for the time being. The numbers are quite substantial considering rents were flat for the 15 years prior.
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    Baby, we got a bubble!?

    Considering rents increased in the core 20 percent, if not more since 2012 does not mean there will be a downturn. If rents are increasing at a lower rate than inflation, well....that is not a bad thing. On the flip side, there is always a correlation with rental/resale market The condo resale...
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    CBC: Fears that shoddy Toronto condos could become future slums

    Actually the Matrix still has a pending lawsuit that the Condo corporation launched in 2007. CMHC won't insure the building. To purchase in the building you will need a minimum of 20 percent down. 81 Navy Wharf now has the same problem.
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    Baby, we got a bubble!?

    What i am saying is, these are only guidelines to look for when purchasing a condo investment. Again, there are many variables to look at, but this is the blueprint that I use to help people understand the numbers. I have had many clients who might not be seasoned investors find this approach...
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    Baby, we got a bubble!?

    Plenty of affordable bachelors around the Fort York neighbourhood that give you $200-$300 cash flow every month with a 20-25% down payment. I usually tell my clients to look at a unit that can be purchased for $600 a square foot or less, that can rent for at least $3 a square foot. This usually...
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    Baby, we got a bubble!?

    There is no reason to price it that low......and no reason to call this news when it was priced so poorly. Might as well have priced it at one dollar.
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    Baby, we got a bubble!?

    I checked how many actually sold......TREB claims 582 condos sold.....from October 1st-14th my list showed 540. So there is a slight discrepancy. I would be curious to know why. Also TREB claims 1381 total sold properties during the first 14 days in 416. My MLS sold claims 1223 total...

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