February 20, 2018 / by Andrew la Fleur /News, Videos
Click here to read the original article: https://www.theglobeandmail.com/real-estate/toronto/looking-for-the-best-return-in-the-condo-market-buy-old/article37872607/?utm_source=facebook.com&utm_medium=Referrer%3A+Social+Network+%2F+Media&utm_campaign=Shared+Web+Article+Links SHOULD YOU BUY AN OLD CONDO FOR INVESTMENT? This article is from The Globe and Mail and the headline is "Looking for the best return in the condo market? Buy old." Basically, it's talking about how they did a statistical analysis and the numbers were from Urbanation [...]
August 22, 2008 / by Andrew la Fleur /Insights, News
Interesting article in today’s Globe and Mail about more anecdotal and factual evidence that the Toronto resale market is slowing down. Agents are starting to see conditional offers more and more, negotiations are actually taking place, and sellers who price their property too high are getting a rude wake-up call to the new realities of […]
We are in the middle of a mini-bull market in the resale property market downtown. When TREB released their mid-month statistics last week, many people were surprised that they showed for the first time in a year that prices and sales were actually higher for the city of Toronto than they were a year before. Realtors […]
If you have been reading this blog and following the Toronto condo market for any length of time you know that sales are up, prices are up and generally everyone is feeling and acting very bullish on the market right now. Traditionally, this time of year is when the market starts to slow down and […]
Once upon a time in Toronto real estate, there was a rule that investors followed religiously – you only buy a pre-construction condo if the price is lower than that of a comparable existing resale condo. If the price wasn’t lower than existing resale condos of similar quality in the immediate area, then it just […]
Resale buyers, now is the time to get out there and shop for bargains. Historically, there is no better time to be a buyer than in December (and January to a lesser extent). This is when the market activity is usually at its lowest point of the year, and for sellers who missed out on […]
With the pre-construction condo market setting all kinds of sales records this year, and prices for quality product averaging well over $650 per square foot and higher downtown, I’m encouraging my investor clients to once again consider looking at resale properties. Top-notch resale properties in excellent locations can be had for $600 per square foot […]
I had a condo buyer email me recently and tell me they were looking to buy a resale condo with a 6-7% cap rate. This would be a somewhat rare but  achievable cap rate if you were buying a multi-unit freehold property in the core of Toronto, however, for a condo, this kind of cap […]
Should You Buy an Old Condo for Investment?
February 20, 2018 / by Andrew la Fleur / News, Videos
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Toronto Resale Market Slows; New Developments to Follow?
August 22, 2008 / by Andrew la Fleur / Insights, News
Interesting article in today’s Globe and Mail about more anecdotal and factual evidence that the Toronto resale market is slowing down. Agents are starting to see conditional offers more and more, negotiations are actually taking place, and sellers who price their property too high are getting a rude wake-up call to the new realities of […]
Read more
Supply and Demand
May 28, 2009 / by Andrew la Fleur / Insights
We are in the middle of a mini-bull market in the resale property market downtown. When TREB released their mid-month statistics last week, many people were surprised that they showed for the first time in a year that prices and sales were actually higher for the city of Toronto than they were a year before. Realtors […]
Read more
Condo Market About to Explode
November 9, 2009 / by Andrew la Fleur / Insights
If you have been reading this blog and following the Toronto condo market for any length of time you know that sales are up, prices are up and generally everyone is feeling and acting very bullish on the market right now. Traditionally, this time of year is when the market starts to slow down and […]
Read more
Pricing Starting to Favour Pre-Construction
December 2, 2009 / by Andrew la Fleur / Insights
Once upon a time in Toronto real estate, there was a rule that investors followed religiously – you only buy a pre-construction condo if the price is lower than that of a comparable existing resale condo. If the price wasn’t lower than existing resale condos of similar quality in the immediate area, then it just […]
Read more
It’s Christmas Time For Resale Buyers
December 2, 2010 / by Andrew la Fleur / Insights
Resale buyers, now is the time to get out there and shop for bargains. Historically, there is no better time to be a buyer than in December (and January to a lesser extent). This is when the market activity is usually at its lowest point of the year, and for sellers who missed out on […]
Read more
Time to Give Resale Another Look?
November 18, 2011 / by Andrew la Fleur / Insights
With the pre-construction condo market setting all kinds of sales records this year, and prices for quality product averaging well over $650 per square foot and higher downtown, I’m encouraging my investor clients to once again consider looking at resale properties. Top-notch resale properties in excellent locations can be had for $600 per square foot […]
Read more
Cap Rates and Condos
November 22, 2011 / by Andrew la Fleur / Insights
I had a condo buyer email me recently and tell me they were looking to buy a resale condo with a 6-7% cap rate. This would be a somewhat rare but  achievable cap rate if you were buying a multi-unit freehold property in the core of Toronto, however, for a condo, this kind of cap […]
Read more