Search results

Nope, that is not the only issue. The other issue has to with the parking garage. My client is holding on to his unit until the lawsuit is settled before he sells it. I spoke to the property manager, who explained that there is an issue that needs to be rectified in the parking garage, before...

Actually, both 5 and 35 Mariner Terrace are quite nice. Something to know about a lot of the Concord developments, is that there are two active lawsuits at the Matrix (361-373 Front) and Optima (81 Navy Wharf). Both buildings will require 20% down, because CMHC will not insure until the lawsuits...

I agree with you Interested. It is so surprising that buyers pay the bare minimum and think nothing of it. I think when they renew their mortgage the reality of the situation will put them in check. I find with first time buyers (not all) think 25-30 years of paying a mortgage is perfectly fine...

The best way to know the numbers is to use a yoy approach, NOT a month to month approach. You are not factoring the seasonal fluctuations. I would be more interested to see what July 2012 vs. July 2013 were, considering July last year was a slow month. Once again your numbers are skewed by your...

Well, that must mean a crash is occurring. Go back to your meaningless self serving charts.

Yes that always needs to be disclosed, in a separate agreement attached to the listing. One issue about FSBO's is that there is a stigma attached to their listings. I don't have a problem showing FSBO's to my clients. The problem sometimes is that my clients, especially first time buyers are...

Older buildings 10 years plus tend to be more owner occupied than newer condos. If you don't want younger residents than stay away from buildings that are the cheapest in that area, and stay away from schools. Take a look at units in west St. Lawrence Market for a more mature demographic Check...

Don't bite the hand that feeds you.

Azureray, what is wrong with resale? Your basing your decision on speculation. At least you know now what the interest rates will be, how the economy is performing, the rental rates...etc. There are some good options right now. Although Great Gulf is a reputable builder, I am sure you will be...

Ha! Good thing I am one. What I say is true--no need for me to "sell" you on anything. Most of you have very strong opinions, so anything I say won't sway your point of view. Remember I am comparing to last summer onward. During that time, there were the first signs of a crash, bubble...

Yes you are right, I was being a bit dramatic. Of course there are rental buildings being built, but not to the supply that is needed. Close to 30,000 people move into the core every year--the rental market has been performing quite well this year. Although I do notice in C1, prices are flat so...

Recharts, I don't understand what you are trying to accomplish with all these balnket statements that have no merit. Yes sales are down, but new listings are down. I still believe condo sales will be higher this year over last year.....wait to the end of the year. There is more inventory now...

I take the TREB stats with a grain of salt. They like to spin every story making it look as the market is on fire. To be honest there could be many reasons for the 5.9% increase, but it is such a small sample that I think the market will be at best by the end of the month be flat compared to the...

Actually there has been quite a spike from November to now, but from last spring to this spring, I would say there has been a slight drop. The best time to have bought would have been October-Decemeber, because people who tried to sell in July-September did not want to accept the condo market...

Underpricing a property seems to be the easy way to sell a house, where the Agent can say look at how much I got you! In realty the public will set that price. Who is to say that house couldn't sell for more, I think it could of. Holding offers on an house doesn't necessarily mean you get the...

Again, I don't have any numbers to specify anything but what I am saying is that I think the younger generation do have more of a cushion if they run into financial problems because they either have money coming to them, or their parents will help them out in a time of need.....Just a theory.

Yes personal debt should be a concern. I would be curious to see the debt of specific age groups, because I would be certain that the under 40 year old age group has acquired more debt. I find a lot of people aged 25-40 do have more debt than they should, but get so much money from their...

You are right Cdr, my apologies. What I meant to say was that you started the debate after Mike was talking about selling his condo. UD.....we are talking about resale. In regards to pre-construction, yes you are right that some developers have put their projects on hold probably to market them...

Renderporn isn't a key factor determining market conditions. All I see in your above post is I feel, I hear, I think......sorry, that is not enough evidence to support your stance.

First off, this little rant came from Cdr's comments to Torontomike (who cares about the dollar signs in his name) that type of attack is truly childish. UD, every real estate cycle you have been predicting a crash, so do your self a favour, DON'T pat yourself on the back, because if I had made...