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You're missing the fact that by putting 20% down, you're essentially 5x leveraged. Buying a stock outright will not have any leverage. If you levered up 5x on a bank stock, utility, or whatever else you can buy, you can achieve the 11% you've quoted. The question is whether the risk assumed on a...

Being an accountant myself, I agree with you. I wanted to keep it simple since I wanted to ensure my concept was clear. My point was if you can't even beat a GIC with your condo investment (using the amount you can obtain from selling your condo vs renting it out), its clearly not a good...

I think what a lot of investors fail to understand is the concept of cost of capital. If you put 20%, 30%, 40%, etc. into your condo to get a positive cash flow, it doesn't mean you're making money. That deposit/downpayment needs to have a return as well. If big institutional investors are...

You're right. I got it mixed up with another mall. If the Sears space gets a better performer in there (and there is no reason why it wouldn't, or else CF wouldn't have paid out millions), the productivity of that mall will soar. Other contenders for the top crown such as Chinook and Rideau...

Pacific Centre is a much smaller mall than Yorkdale and Chinook. Thus, the mix of stores might be higher end, with less weaker players pulling down the average. It is a great mall nonetheless. Too bad it isn't bigger.

I ran into such a case in my last sale. The buyer low balled me, I wrote back saying I won't entertain such a low offer, because my property is worth more than that. I did not give a counteroffer, I just said no because of XYZ. He raised the price significantly. We got the deal done. Aggravating...

Both Eug and Interested seem to agree, albeit in a round about way, they will entertain counteroffers, even after a low ball, correct? I understand there is psychology involved. But sellers and buyers alike should try their best to take emotion out of the equation. I don't care if somebody...

Canadian malls are about $600/sf (all types of quality). Top malls will near $1000/sf, with the top 3 over $1000/sf.

That still doesn't answer my question as to why sellers aren't allowing people with "low" bids to re-bid. I think that both the seller and buyer agents are perpetrating the mantra "bid high or go home" way too far. Yes, you can have a closed bid system. But I don't see why past bidders, despite...

I agree. But what I don't understand is why agents are encouraging people to put in their best bid, because their bid may be thrown out and they won't get a chance to bid again. If I was the seller, I would update all bidders what the latest bid is, and encourage ANY of the past bidders to beat...

Makes sense. But as you stated, I think its unlikely it'll be a mobile store. Passed by the mall today. La Swiss' old space is becoming a Birks (Birk's old space is now a J Crew - under construction).

My agent told me that properties remain on MLS if they are conditional sold, to keep soliciting business in case the deal falls through. The consumer facing side of the site doesn't tell you its conditional sold, but the agent facing side does.

Its not that big. About the size of the Apple store next door. I'm interested in knowing what they are putting in the sliver of a space next to Juicy. I don't know who will want such a thin store.

Hording went up for Ann Taylor. Its going between Apple and Lululemon (where Feet First use to be).

I just know I bought mine for $3500 in 2007, and when I saw the sign in 2011, I was like @#$@ $1000 cheaper! But I don't think there is a point in talking about what it was selling at in 2011 or 2007. If it can't be bought in 2012 for that price, then its not valid. But the main message...

Then they raised the price. The notice was in the management only bulletin board, and it was posted July 2011 or there abouts. It was a Concord Adex contact, for $2,500 per locker. They probably had tons back when the building registered, now they are last to their last few, and raised the...

That is weird. But there were no price tiers when I bought, or during the subsequently advertised prices on the bulletin boards. The lockers I've seen in the building are all the same size. Parade is 10 Capreol Court and 15 Iceboat (podium and tower respectively). Perhaps you mean Luna next...

Well, you have a different experience than I did at Parade then. I owned an unit in this building until earlier this year. I bought the unit originally from the builder in 2007. I paid $3,500 for a locker. Come July 2011 (registration), posters went up next to all elevators saying lockers are...

It probably depends on the builder. Examples I know about: Lanterra - 22 Wellesley - the lockers are around 2 feet wide (literally). I saw empty lockers when I was down there a few days ago. Lanterra - Murano - extra lockers available. Advertised after registration. If I remember...

Most recently completed condos charge between $15-20 per month for lockers, and about $50 a month for parking. Pre construction is asking for even more now for parking. I saw one asking for $70 per month for parking maintenance. For locker sizes, I've seen some that are rectangular (about 3...