Monday Morning Quarterback: The Ludicrous “Home Equity Tax”
Toronto Realty Blog
by David Fleming
2h ago
TorontoRealtyBlog Remember when a reader asked, earlier this year, if we had seen the death of the “Friday Rant” blog feature here on Toronto Realty Blog? I had honestly never considered that until a reader posted, and yet I am, looking for a dance partner, but with no place to dance… The “Monday Morning Quarterback” feature has always, in case you’re not familiar with the term, been meant to explore a topic after the fact. And last week, many of us spent time exploring and abhorring an idea that our esteemed Prime Minister, Justin Trudeau, seems to be in favour of: A tax on home equity ..read more
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What Happens When Rental Listings Flood The Market?
Toronto Realty Blog
by David Fleming
3d ago
TorontoRealtyBlog Do you want to accompany me on a walk down memory lane? Not so much in terms of my memories and experiences, but rather conversations and explanations that we had many, many years ago about the utterly ridiculous system of “occupancy” that occurs in the pre-construction world. Many of you understand and many of you have no clue what I’m talking about.  Then there are those that think they know, but regardless, I think a very thorough refresher is in order… Condominiums in Toronto are sold before a shovel is ever put in the ground.  In fact, and while ..read more
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June TRREB Stats: School’s Out For Summer
Toronto Realty Blog
by David Fleming
1w ago
TorontoRealtyBlog June was an absolute slog.  I’ll be the first to admit that. And if you had asked me coming into today how I feel the GTA average home price for the month of June would fare, I would have suggested that it would decline significantly. It’s amazing to witness how quickly the market can change, and after nearly four months of working in a seller’s market where “offer nights” and multiple offers were the norm, the picture really changed when we hit June 1st. Now, whether or not this affected price remains to be seen, but the process of selling real estate became a ..read more
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How Modern Is Too Modern?
Toronto Realty Blog
by David Fleming
1w ago
TorontoRealtyBlog Tastes and preferences can change over time, right? When I was a child, every time we went to McDonald’s, I insisted on getting a plain hamburger. But the traditional McDonald’s hamburger came with ketchup and mustard automatically, so my parents were always forced to “special order” and I had to wait at the side of the counter for a burger in blue-and-white wrapping, with a yellow sticker, to come down the chute and be presented to me. Geez, times have changed. Now everything is a special order!  Vegan, gluten-free, non-GMO, vegetable-free, meat-free, air ..read more
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Don’t Overplay Your Hand!
Toronto Realty Blog
by David Fleming
1w ago
TorontoRealtyBlog I’ve never been much of a card player. This might come as a surprise to you (that was sarcasm) but I simply don’t have the patience for it. A while back, my friend Aimee told me, “I’ve been crushing it lately in online poker.  I think I’m going to make this a career!” I told her that she, like millions of other people, were no different than the scores of pretty and handsome young folk that arrive in Los Angeles every single day, thinking they’ll be the next star on the Silver Screen. But she challenged me on this.  She said he had real talent. So I told her ..read more
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Selling Your Parents’ House: The Trials & Tribulations
Toronto Realty Blog
by David Fleming
3w ago
TorontoRealtyBlog Here’s a topic that I don’t think we’ve ever explored before! Then again, perhaps the reason why we’ve never explored it is because we’ve never needed to? Sure, people sell their parents’ houses all the time!  But to the extent that we’re experiencing today compared to, say, when I started this blog in 2007? No way.  It’s not even close. It’s no secret that Canada’s population is aging, and as a result, there are likely to be more Canadian seniors selling their homes today than in years’ past. Just look at the Baby Boomers, for example. It’s generally accepted that ..read more
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Does Real Estate Investing Advice Go Out Of Date?
Toronto Realty Blog
by David Fleming
3w ago
TorontoRealtyBlog Can a book go out of date? I would certainly think there are examples. Surely an old medical textbook could be out of date due to advances in the medical world that take place each and every day. But what a work of fiction?  How about something like, say, George Orwell’s 1984? Published in 1949, the story took place in an imagined, dystopian future, presumably the year 1984 since that’s the name of the book.  And while this wasn’t intended to represent a forecast or prediction on behalf of the author, I might cynically suggest that the book is out-of-date. I mi ..read more
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Condo Terraces: Considerations & Questions Abound!
Toronto Realty Blog
by David Fleming
1M ago
TorontoRealtyBlog I was browsing MLS today, looking at new listings in the downtown core, and something really jumped out at me: an 850 square foot condo priced at $1,450,000. But this wasn’t at The Four Seasons Private Residences, nor was it in the Ritz Carlton. This was in Corktown, and the unit was priced at $1,706 per square foot! So I clicked on the listing to investigate a little bit, and what did I find? A one-of-a-kind terrace that’s over 2,000 square feet, open air, and west-facing with absolutely no obstructions whatsoever. It was simply gorgeous.  A rare gem in a city ..read more
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The First Rate Cut; Now What?
Toronto Realty Blog
by David Fleming
1M ago
TorontoRealtyBlog My daughter told me the other day that the word “copying” is banned in her school. As in, “Jimmy is copying me.” Jimmy isn’t copying her answers on the test, aka cheating, but rather Jimmy is copying her. “I was doing this exercise where we have to draw what we’re looking forward to on the weekend, and I was drawing my family at a picnic, and then Jimmy saw what I was doing, and he started drawing his family at a picnic too!  He was copying me!” They’re not allowed to say “copy” or “copying.” They’re told instead to think, and to say, “Jimmy likes and appreciat ..read more
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May TRREB Stats: The Calm Before The Storm?
Toronto Realty Blog
by David Fleming
1M ago
TorontoRealtyBlog Hang on a second – I’m getting an email. And a text message. Two text messages, in fact.  Now three.  Now four.  Now another email.  And another. What just happened?  Is the world on fire? Nope. We just saw the first interest rate cut by the Bank of Canada in four years. And while I, like many others, was waiting to see what the Bank of Canada would do, I surely underestimated the response that an interest rate cut would illicit! Starting at 9:45am (and a few seconds) on Wednesday morning, my phone began to light up.  Phone calls, text messages ..read more
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