-
More Homes Faster
More Homes Built Faster Act. The provincial government has passed some legislation that will allow three-unit homes to be built in any residential zoning. I am certain that there will be quite a bit of drama with neighbors objecting to the changes. These changes revolve around altering by-laws to allow more units on a property. Let’s look at…
|
-
Why didn’t my house sell? Thinking about what gets houses off the market
No question that the market today is not what it was in 2021. Not only that, it is not like it was in January of last year .. or in fact, July. We had a robust market where sold signs were popping up everywhere, and then, someone tuned the switch off. Showings are down, homes…
|
-
What can we expect for the Durham Real Estate Housing Market in 2023
Scrolling through predictions about the coming year the “experts” seem to be contradicting themselves. ” Toronto’s housing prices will likely climb even more in 2023.” “Steep price declines will restore sanity to Canada’s housing market in 2023.” Or still, “Canada Housing and Mortgage Corporation believes the national average home price in Canada will decrease by 14.3%.”…
|
-
Durham Region: Good Landlords. Good Tenants.
Good Durham Region Landlords. Good Durham Region Tenants. What makes a good landlord? Looking back over my life I have been both a tenant and a landlord, and funny enough I have been both at the same time. I purchased a condo from the father of a gal I dated through high school and made a few “newbie”…
|
-
Immigration, Inflation and Real Estate Cycles
Looking back to the late 1980s and some of the leaders in Real Estate I admired, one man constantly comes up. Guy Leblanc. Picture a chubby, bald, middle-aged man who wore a white suit and drove a white Cadillac. You get the picture. However, he was very wise. What I learned from him can be illustrated…
|
-
The Current State of Real Estate
Durham Region Real Estate November 2022. Last year the talk around water coolers, hockey rinks, and bars in Ontario was about how we could find out way out of the Real Estate crisis we found ourselves in. Jump to November/22 and guess what? The market has shifted, and we are still in a Real Estate Crisis. Real Estate is…
|
-
The difference between a Flipper and a Homeowner
Over the past decade, we have seen new home sites open their sales offices with long lineups and almost immediately install “sold out” signs. I remember walking around downtown Toronto and seeing long lines, finding out that a new condo building was selling condos that were not set to close for a couple of years.…
|
-
I’ve got a secret. Promise not to tell?
How important is confidentiality when it comes to the sale of Real Estate? For some, it is an “iron clad” rule never to be broken, and to others, well the lines are a bit blurry. Let’s go back to the market of the early 1990s and review a sale I had worked on. The Seller had his…
|
-
House prices are coming down, why are rents going up?
Housing prices have declined since February 2022 but guess what? The price of renting a home or apartment has jumped similar to how the values of homes increased during the pandemic. To help clarify why rents have risen it helps to look as an investor does when considering buying a property to offer as a rental. The average price…
|
-
Neighbours and Developers – A Love/Hate Relationship
A few weeks ago, I went to a local councillors debate here in Durham Region. It doesn’t matter which community as I felt the debate topics covered issues and talking points found in most towns. Especially, with candidates having limited or no knowledge of how the municipal act controls much of what goes on when it comes to, well…
|