The Return of The Bully Offer??

Like the oversized, hideously ugly pimple faced punk terrorizing the schoolyard and stealing milk money, bullies have always been present.  Likewise, during just about my entire time in the real estate industry, bullies (ie bully offers) have been wreaking equal havoc and crushing would be buyer’s dreams and wallets.  It seemed this would never change, and I even wrote an entry on the bully offer way back in 2015 in the infancy of this humble blog. In case you missed [...]

September 20, 2022|Categories: Houses, My Two Cents, Neighbourhoods|

Fall Market Musings

With the kids back to school, and the social media deluge of first day photos mercifully over (who started that trend anyway?), we are entering the time of the year when the real estate market typically awakens after the sleepy summer months.  I stress typically because recent times have been anything but atypical, but I’m writing this entry with an eye on both the past 12 months and the 12 months to come. Looking both ways is making me dizzy, [...]

September 9, 2022|Categories: Condos, Houses, My Two Cents|

Quick Cuts

Some quick cuts and random thoughts from the cottage dock, as we sit in the dog days of August with the Fall market and sub zero temperature rapidly looming. The Real Estate Market Has Hit Rock Bottom Like the hopeless alcoholic chugging cough syrup at 7 am in the Shoppers Drug Mart parking lot, I believe the real estate market has hit rock bottom. The average GTA price came in at $1.074,000 for July, down from the peak of $1,334,000 [...]

A Tale From The Trenches

For most of the past decade, real estate stories on the sale side have been nothing but an endless party. Wild tales of out of control bidding wars, sales stratospherically over the asking price, houses selling within an hour, and 20 plus offers on even the shittiest of properties. 2022 rolled in and the party raged on, only weekend long bender harder. We were drinking it up and boy did it taste good. The Ides of March brought record prices. [...]

July 19, 2022|Categories: Houses, My Two Cents, Neighbourhoods|

Opportunity Knocks?

In life we spend so much time, effort and mental real estate chasing elusive “opportunities”. Some opportunities are relatively easy to identify and define - think of a career advancement or promotion, or an athlete getting called up to the big team. Other opportunities are much more elusive, or “unicorn like”. Think of hitting on the next big crypto project, or the Chess Club Captain scoring with the Prom Queen in high school. Without a doubt, however, the biggest “unicorn” [...]

May 10, 2022|Categories: Condos, Houses, My Two Cents|

What’s In A Name?

“What’s in a name? That which we call a rose by any other name would smell as sweet.” - William Shakespeare. I’ve always been fascinated by names, for as long as I can remember. More specifically, bad or funny names, certainly not ones that smell like a rose. I still laugh out loud at the scene from The Wedding Singer where Drew Barrymore realizes her married name will be Julia Gulia, and her tool of a fiance can’t see why [...]

April 12, 2022|Categories: My Two Cents, Real Estate Fails|

“Runaway Train Never Going Back”

“Wrong way on a one-way track.” - The legendary Soul Asylum. One of the most surprising developments of the Pandemic has been the unstoppable price growth of GTA real estate. Imagine fire on a gasoline trail with some kerosene thrown in for good measure, and that’s how fast prices have gone up.  With the benefit of hindsight we now know why and how we got here, but I can tell you that on the ground level this unprecedented price growth [...]

The Letter To The Seller

In this entry I want to explore one of the more treacly, and in some instances controversial, practices in real estate. I’m referring, of course, to the good old letter to the seller from the hopeful buyer. These letters almost always are essentially the same (and I’ve read dozens of them). A nice couple gives a bit of background information about themselves and their jobs, rave about how much they love the house, and then conclude by saying how excited [...]

February 2, 2022|Categories: Condos, Houses, Lifestyle, My Two Cents|

The Zen Of The 2022 Buyer

“The best fighter is never angry.” - Lao Tzu “Do or do not. There is no try.” - Yoda 2021 wasn’t kind on many levels, and that was particularly evident if you were attempting to buy real estate in the GTA. It often resembled a piece of meat being dropped into a loaded piranha tank, a frothing stew of blood and guts. That’s what happens when you put 10 people in a bar with only a single beer available. It [...]

January 20, 2022|Categories: Condos, Houses, Lifestyle, My Two Cents|

Holy Bungalow!! Redux

I was going through some of my old blog archives the other day, and I came across an entry from September of 2016 that caught my eye. Entitled “Holy Bungalow!!”, it detailed the meteoric rise in sale prices of bungalows on Lankin Ave in East York. I had made this the topic of a blog at the time because we had just had a hugely successful sale on the street, and to top it off the sale was for the [...]

November 24, 2021|Categories: Houses, My Two Cents|
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