Tag: affordability
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Crystal Balling: Back and Forth
Many insiders sense that Toronto real estate prices are going to soar in 2020. If December 2019 is an indicator, then things are trending in their direction. Toronto home prices saw a nearly 12% jump and with fewer days on market (compared to 2018.) The market is clearly showing what I’ve been saying to clients…
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Getting in bed with family and friends
Although I often speak about multi-family properties from the perspective of an investor or landlord, I am currently working with 2 separate clients who have a different reason for seeking these properties. These clients are also looking at creative solutions, that don’t involve becoming a landlord, but that have many upsides none-the-less. With both the…
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Rising costs and Slowing hammers
With current construction costs creeping higher by 4-5% year-over-year, property prices are of course going to move higher. And justifiably, builders are going to pass down those increases onto us buyers. Strikingly though, these increases do not even include the increases to land values on which these structures are built on. So it should not…
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Headlines: the Media’s 3 Card Monty.
Certain words stand in or attempt to disguise themselves or their meaning. Affordability is one of these words. We hear it a lot in terms of rental supply and new build developments. Housing is rarely affordable, as it is in high demand and currently in low supply. Affordability is usually standing in for a less…