Some personal thoughts on how to think about downtown as an investor based on personal experiences. The downtown core as per The Toronto Real Estate Board is split into 2 Municipalities: CO1 (South of Bloor, West of Yonge, East of Landsdowne) and C08 (East of Yonge). For this discussion I will only focus on C01, west of Yonge. The C01 Municipality has 9 communities, of the 9, there are 3 where the...
I recently took over a listing from another Realtor that had 9 showings over 60 days, it did not sell. Upon relisting the home and adjusting the buy side commission, 7 days later the property was sold. CBC Marketplace recently did an expose on how some real estate agents behave in relation to lower than expected commissions. This segment generated a lot of heated engagement, it highlighted...
One of the nice things about purchasing a condo unit is that they are relatively straight forward to value. Your standard downtown condo will have a couple of hundred units with sales occurring with regular frequency. Comparables are readily available and standard adjustments to finalize valuations are based on floor, layout, condition, status certificate, views, etc. In this post I will highlight two...