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  1. Addy

    Selling your house by yourself

    I love this thread. There are over 66000 agents with Toronto real estate board. 80% of the business done in Toronto is done by the top 20% of the agents in the city. More than 60% of these agents didn't register a transaction last year If you are dealing with a part timer, there are things...
  2. Addy

    Quit our jobs, sold our home and everything in it, gone riding...

    Keep motoring guys... Happy belated birthday gene :) Sent from my iPhone using Tapatalk
  3. Addy

    Grand Prix de Mud 2016

    Sounds like fun but i'll be in sudbury that weekend riding dirt... Will have to keep this in mind for next year... :)
  4. Addy

    Ask me anything about Real Estate

    Wood structures are only allowed in Apartment and Office building structures with stringent focus on fire code... This doesn't apply to condo buildings... Here's an article from 2014 that is a good read...
  5. Addy

    Ask me anything about Real Estate

    Such listings usually happen when there is a property that has multiple uses such as a restaurant and retail... they are two different categories depending on how buyers search. Same can happen with residential such a detached and duplex... Such property can be both depending on the buyers...
  6. Addy

    Ask me anything about Real Estate

    Doesn't look like a bad project... 92 units in total... I haven't had experience with the builder and they are smaller developer that has done townhouse projects in the past and is venturing into low rise... The price point looks pretty good... I would recommend doing some more research on...
  7. Addy

    Ask me anything about Real Estate

    Looks like it's in the process http://www.stinsondevelopments.com/ Looks like some people are selling it and others are looking to rent them now... http://www.kijiji.ca/b-real-estate/hamilton/stinson-lofts/k0c34l80014 Must be completed...
  8. Addy

    Ask me anything about Real Estate

    He is still working on a project in Hamilton... Call school lofts or something... Remember seeing him at couple of tradeshows
  9. Addy

    Ask me anything about Real Estate

    I don't agree with the $1 listing but do see value in underpricing properties but not every property deserves it... I'm working with two clients right now that both had very specific needs in what they were purchasing (older parents living and need bedroom on main floor with washroom) and it...
  10. Addy

    Ask me anything about Real Estate

    I don't deal a lot in simcoe or Barrie but have agents that do and can refer you to a good agent. PM me and il get you the info... In terms of selling expense, you would have to pay commission, lawyer fees (1000) plus any misc expense relating to your move When buying, you would have land...
  11. Addy

    Ask me anything about Real Estate

    A very good question: Price appreciation are based on income and population factors. If you're looking to invest, you should be paying attention to areas that are growing in population. I would look for areas where there are larger lots and properties are being demolished for newer in fill...
  12. Addy

    Ask me anything about Real Estate

    It's an interesting question because the property was a primary residence, then changed to investment property... As mentioned, you would need to talk to an accountant that handles capital gains... Based on the limited knowledge I have, it's calculated along side the income you had for the year...
  13. Addy

    Ask me anything about Real Estate

    1. I specialize in income producing assets which can be residential or commercial properties... I work regularly with apartment buildings, plazas, condo buildings, development lots, senior homes and executive rental market. 2. The resale condo market is softer than it's been over the past...
  14. Addy

    Ask me anything about Real Estate

    Anyone actually have a real estate question that I can help them with? :)
  15. Addy

    Ask me anything about Real Estate

    Correction... Not all are even chasing... read some stats here... http://realtylaboratory.com/2012/03/07/agent-statistics-the-top-1-of-toronto-real-estate-board/
  16. Addy

    Ask me anything about Real Estate

    Commissions have always been negotiable and the end amount is set is usually agreed between the seller and agent. Higher priced properties usually attract a different set of marketing but it's not always the case with all agents... For example, when listing a smaller condo, an agent might be...
  17. Addy

    Ask me anything about Real Estate

    Just so you know, if you have 20% equity in your current property and are looking to purchase your primary residence, you DON'T need to have 20% down as your current property would be classified as your investment and new purchase as your primary! Food for thought... :)
  18. Addy

    Ask me anything about Real Estate

    None taken... and frankly, they haven't been wrong in the past 14 years but are bound to be wrong at some point... Regarding your comment about purchasing at 20% down, that only applies if you're purchasing a second/investment property while still owning one. If you're a first time buyer or...
  19. Addy

    Ask me anything about Real Estate

    I've never had dealings with "punch" but I wonder how many times he got punched...:) Regarding the market, I'm going to be interviewing Don Campbell this weekend about his predictions for the market and will be posting it on my blog. In the meantime, here are my opinions: The interest rates...
  20. Addy

    Ask me anything about Real Estate

    Back to the top... Spring is here... Anyone have any questions that need answering?
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