Today I would like to talk about Furnished Rentals. I myself work with a lot of athletes and find myself constantly searching for high end furnished. As the years have gone on there seems to be less and less inventory for high end furnished options. When I say high end most of these clients are looking for A) Luxury buildings (ie. St. Regis, The Ritz, Shangri La, Four Seasons etc.) or B) It can be in a regular building but the unit itself is outstanding (ie. completely high end renovations, PH units etc.) It seems most people that own these types of units either live in them themselves or they have a enough money that they dont care to lease them out and its not worth the headache.

In about another month the Fall market will be upon us. Typically the Fall is a great time of year for Sellers. We are hoping that this year isn't any different! Families really do control the housing market and when the families arent thinking about real estate it typically slows down. Once kids get out of school generally this is when the slow down begins which is the end of June. July it continues to slow and August is usually dead. People are going away to cottages, going on vacation, going to weddings and in general trying to pack in their summer for the few good hot months we have in Canada. As we inch closer to the end of the summer (August) things really slow. We find people

Toronto Downtown East is one of the most undervalued area's in all of the city, maybe in all of the province.   This is prime space that isn't nearly as developed as the west side. There are projects that still exist in the area, homeless shelters and the methadone clinics. These are just some of the reasons that the area hasn't developed. Several projects are scheduled to be torn down, therefore, it's only a matter of time before the shelters are moved as well. There are multiple land assemblies going on for future development that will improve the neighborhood. One of them being the relief line, which will cut right through the southern portion of Downtown

I have many clients that ask me the benefit of buying resale vs. pre construction and vice versa. I have never been a huge supporter of pre construction as a whole, but there are some projects that make sense. There was a time when pre construction was a no brainer. It was cheaper with significantly higher appreciation, this is no longer the case. I will do a quick break down. Price Pre construction has a higher price than resale within the same neighborhood, typically 100 to 200$ per square foot, however I have seen even higher. Closing costs Can be 4 to 5x higher (depending on the project) for Pre Construction vs. Resale. Down payment If you're buying your primary

During the 1st quarter we saw the market take off after towards the end of January. Homes and condos went into multiple offer scenarios quite frequently. A big reason we see multiple offers in a lot of winter months is due to the lack of inventory. The market has stayed steady for the last few months despite what the media reports. Homes are still going a couple hundred thousand over asking price, condos are going anywhere from $50,000-$100,000 over asking price consistently. The difference from first quarter this year compared to last year is that only the sought after buildings, condos and homes located in desirable neighborhoods are going into these multiple offer scenarios. If

Early Spring Market The spring market is upon us. With the weather to turn any minute now, the spring market should get started a little earlier than usual this year. Unfortunately, there wasn't that much inventory due to the fact that so many realtors hoard their listings for the spring time! This happens year in and year out, the exact same pattern. There were so many people looking during the winter, unfortunately due to the lack of listings resulted in extreme price wars. Not just in the freehold market, but also in the condo market. Coupled with the fact that interest rates were to rise in mid February so everyone was against the clock to get their deals in. The spring market

The Toronto market continues to stay strong, with this comes the high demand and limited supply . Due to the fact that there is no more room to build within the city. Housing inventory is declining daily, houses are being torn down to build more condos. There is always going to be a strong demand for houses, the problem we face is the shortage of supply and increasing demand. I believe that Realtors need to adjust to this and create a more efficient process for bidding wars. My team and I are dealing with this process on a daily basis. The one thing we have all noticed is that the system is very flawed. The process starts off with submitting an offer. The selling agent is not allowed