The toughest part about my job is when things don’t make any sense.
You crunch the numbers, you look at a situation from the rational and logical viewpoints, and yet it still doesn’t add up.
A perfect example: when a seller carries a property for years at a time while absorbing the costs…
Last week, I attended the Annual General Meeting at a condominium for which I serve as Vice-President of the Board of Directors.
I sat in a half-empty room, and wondered how so many people could care less about the goings-on in their building.
It’s only your largest principal investment, after all, right?
Casa Condominium is a beautiful and breathtaking building.
It’s in a great area, it has great amenities, the layouts are fantastic, and the finishes are all upgraded.
Investors are likely going to make money, BUT, they have to sell their units first…
Is that even a question?
Every condominium resident has his or her own feelings towards what to spend the Corporation’s money on and why or when to take money out of the reserve fund.
But when it comes to preserving the value of the asset, I don’t think it’s a good time to be cheap…
Every investor is different.
Every investor has different risk tolerances, goals, objectives, and sensitivities.
But at some point, there has to be a minimum standard. Doesn’t there?
My recent experience with a west-end property has shown me that some investors don’t actually care about their return…
For any first time buyer, the idea of renting out the basement for $800 per month to help pay the mortgage sounds like a fantastic idea!
But when you rent to that long-haul truck driver who won’t pay his rent and won’t leave, then you’re in trouble.
The one thing that buyers never consider: the legal ramifications of the basement apartment…
At the risk of being black-listed by developers in the real estate industry, I’m going to tell you what I think about the “special broker’s preview” that took place on Tuesday at Sync Condos.
It was a freaking joke, and I can’t believe I expected anything different…
Egad! This makes no sense!
This condo down the street from me has been “FOR LEASE” now for a total of three full months and the seller/landlord has yet to reduce the asking price. The condo is vacant and he is losing money.
Sense. This situation makes none…
There’s been some awesome feedback and comments on my blog in the last couple days about the future of real estate in our city.
So let me add some more fuel to the fire.
Fashion House condos are selling in pre-construction for an average of $550 per square foot, and as high as $632.
But if the market is going up forever, then who cares….right? 
Financing an investment property is as easy as 4, 5, 6…
That is to say that four is easier than six, but still not easy.
Sounds difficult? It’s easy to follow…
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