Maintenance Fees: The Breakdown

Last month, I reviewed 30 Toronto condos to adjust the maintenance fee per square foot/month in order to make an apples-to-apples comparison.  The average came to be $0.64 per sf/mth.  This month, we’ll take a closer look of the operating costs and complete the maintenance fee trilogy next month with a closer look at the reserve…

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One Size Fits None

Condos sales now make up more than half of Toronto’s resale transactions.  I believe that there would be even more condos sold if not for monthly maintenance fees which are a detraction for owners of freehold properties who would otherwise happily downsize. One metric buyers use when comparing condos is the monthly maintenance fee per square…

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4 Perspectives on Buyer Behaviour

“Thank you March weather.  I can’t wait to wake up every day and play the age-old game: pleasant Spring Day or full blown Arctic apocalypse.” Jimmy Fallon, The Tonight Show As I write this, the mercury measures 2C and I’m looking forward to Spring in just 9 days. Since January, two comprehensive reports were issued…

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Save Money Without Feeling The Pinch

As I write this newsletter, Toronto is experiencing epic snow and freezing rain. After all the shoveling, I feel like Han Solo’s tauntaun in the opening scene of Empire Strikes Back.  I say this every year but I’m really tempted to purchase a snow blower. https://www.youtube.com/watch?v=CXmp1hLK0tY  Speaking of cold weather, your heating systems are likely running at…

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Look Back, Leap Forward

Happy New Year!  I hope this newsletter finds you refreshed and excited at the prospects for 2019. The 2018 Toronto real estate market was less volatile than in 2017. Last year, the weak Canadian dollar, volatile oil prices and international trade wars dominated the headlines. Aside from three Bank of Canada interest rate increases, the…

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