Using a buyer’s agent is not for everyone. Even though I constantly preach on this blog that having a buyer’s agent is absolutely necessary I recognize that not everyone agrees with me. Some buyers prefer to go directly through a seller’s agent, or in the case of new construction-directly through the developer. Everyone has their […]
From 10,000 feet, the Fort York neighbourhood is booming. Hard to believe that 10 years ago if you went to the corner of Bathurst and Lakeshore, you wouldn’t see a single condo abutting that intersection. Now there are several completed buildings like 219 and 231 Fort York, 600 Fleet Street, and the nearby 38 Dan […]
So you just bought a pre-construction condo. Well, you haven’t actually bought anything yet, you’ve just signed the paperwork, dropped off a deposit cheque, and your 10-day cooling off period has begun. You hired a good buyer’s agent to represent you, therefore you already know that it is imperative to have a lawyer review your […]
We are bordering on a buyer’s market right now. I wouldn’t say we are quite there yet, but with the Sales:Active Listings ratio hovering around 35% for downtown condos, buyers certainly have choices when they go out looking for condos this summer. But I don’t want to talk about buying for a change, I want […]
For the first time in 16 years, sales of new condominiums in Toronto were lower in the second quarter than they were in the first quarter. This, according to the latest stats in from Urbanation. So what? Well, real estate is highly cyclical (at least it used to be), and the busiest months of any […]
Buying a pre-construction condo takes guts. It takes vision. It takes money. It’s not for everyone, but for those who understand the game and play it well, the rewards are huge. Those who are fearful, lack vision, and have no access to capital will continue to sit on the sidelines and wait. And wait… Every […]
In contrast to yesterday’s post, “Losing Mentality“, I wanted to present to you some observations about the people who are successful condo investors. Those who buy (and sometimes sell) multiple condos over years and understand that condos as a great way to accumulate long term wealth. They are entrepreneurial. Either they run their own businesses, […]
There has been such a crush of new condo launches in the past 6 weeks that developers are now actually being forced to compete with each other for buyers! Who’da thunk it! There have been so many launches (or at least soft launches to the Realtor community), representing thousands of units of inventory that even […]
At the risk of sounding trite, do you work for your money, or does your money work for you? Is your money sitting around collecting dust in a savings account at 1% interest, or worse – going up and down like a yo-yo in the stock market? Have you been thinking and talking about buying […]
Insights
Client Service Is For Clients
July 2, 2010 / by Andrew la Fleur / Insights
Using a buyer’s agent is not for everyone. Even though I constantly preach on this blog that having a buyer’s agent is absolutely necessary I recognize that not everyone agrees with me. Some buyers prefer to go directly through a seller’s agent, or in the case of new construction-directly through the developer. Everyone has their […]
Read more
Fort York Neighbourhood: Boom or Bust?
September 2, 2010 / by Andrew la Fleur / Insights
From 10,000 feet, the Fort York neighbourhood is booming. Hard to believe that 10 years ago if you went to the corner of Bathurst and Lakeshore, you wouldn’t see a single condo abutting that intersection. Now there are several completed buildings like 219 and 231 Fort York, 600 Fleet Street, and the nearby 38 Dan […]
Read more
6 Things Your Lawyer Should Advise You On During Your 10 Day Cooling Off Period
October 13, 2010 / by Andrew la Fleur / Insights
So you just bought a pre-construction condo. Well, you haven’t actually bought anything yet, you’ve just signed the paperwork, dropped off a deposit cheque, and your 10-day cooling off period has begun. You hired a good buyer’s agent to represent you, therefore you already know that it is imperative to have a lawyer review your […]
Read more
Defence
July 20, 2010 / by Andrew la Fleur / Insights
We are bordering on a buyer’s market right now. I wouldn’t say we are quite there yet, but with the Sales:Active Listings ratio hovering around 35% for downtown condos, buyers certainly have choices when they go out looking for condos this summer. But I don’t want to talk about buying for a change, I want […]
Read more
Tipping Point?
August 3, 2010 / by Andrew la Fleur / Insights
For the first time in 16 years, sales of new condominiums in Toronto were lower in the second quarter than they were in the first quarter. This, according to the latest stats in from Urbanation. So what? Well, real estate is highly cyclical (at least it used to be), and the busiest months of any […]
Read more
Losing Mentality
September 29, 2010 / by Andrew la Fleur / Insights
Buying a pre-construction condo takes guts. It takes vision. It takes money. It’s not for everyone, but for those who understand the game and play it well, the rewards are huge. Those who are fearful, lack vision, and have no access to capital will continue to sit on the sidelines and wait. And wait… Every […]
Read more
Investor Mentality
September 30, 2010 / by Andrew la Fleur / Insights
In contrast to yesterday’s post, “Losing Mentality“, I wanted to present to you some observations about the people who are successful condo investors. Those who buy (and sometimes sell) multiple condos over years and understand that condos as a great way to accumulate long term wealth. They are entrepreneurial. Either they run their own businesses, […]
Read more
Developers Rolling Out Incentives
October 28, 2010 / by Andrew la Fleur / Insights
There has been such a crush of new condo launches in the past 6 weeks that developers are now actually being forced to compete with each other for buyers! Who’da thunk it! There have been so many launches (or at least soft launches to the Realtor community), representing thousands of units of inventory that even […]
Read more
What is Your Money Doing for the Next 4 Years?
November 9, 2010 / by Andrew la Fleur / Insights
At the risk of sounding trite, do you work for your money, or does your money work for you? Is your money sitting around collecting dust in a savings account at 1% interest, or worse – going up and down like a yo-yo in the stock market? Have you been thinking and talking about buying […]
Read more