The eternal question, n’est-ce pas? In all seriousness, the older one gets, the less black-and-white most decisions become; most options must be weighed not only by the virtue of their (competing) merits but in the context for the lens of motivation that might favour a particular outcome over another (and what that might say about […]
In real estate circles, there’s an old maxim that says: “Buyers are liars”. Now that I’ve inadvertently offended 50% of potential real estate clients, permit me to explain to calm the waters. To be clear, I do not think this of most people; however, in my own work, I have witnessed some suspicious behaviours and
Old Maxims Exist for a Reason Read More »
Remember bidding wars?! Yeah, me too. That was so ‘early 2022’. But what’s going on, now? There doesn’t seem to be much movement… or many new places being listed. It does feel like that, doesn’t it?! Well, you aren’t the only one who might think so. Traditionally, the last couple of weeks of August are
The residential real estate doomsday-ers are certainly having their moment in the limelight right now, aren’t they? Certainly no shortage of hyperbolic statements bemoaning the recent ‘crash’ in prices.
What are people doing right now? OK, do the opposite. Read More »
Do unto others as you’d have them do unto you. Ah, the Golden Rule. Treat others as you would like to be treated. A thread common to all the world’s religions. Tough to argue with it, then. … or so you’d think. And yet, people are greedy. Some sellers cling on to their properties and
I’m not trying to be glib or minimize the hardship suffered by many when the economy retracts and job losses abound; rather, I’m attempting to provide a helpful reminder of a (harsh) reality; if you can afford to buy a property between now and over the near future (a year?!), it is my opinion that
Recessions Are When Fortunes Are Made Read More »
In case you’ve been living under a rock – or are just back from a year’s unplugged trip around the world – residential real estate prices have fallen precipitously from their peak in February. We’re now looking at a price correction somewhere in the region of 15-20% from where they were at their apogee.
Be the change you want to see…what are buyers waiting for?! Read More »
The word is out. There’s a price correction going on in residential real estate; with mortgage rates rising (although still lower than the rate of inflation… just want to point that out) and lots more supply coming to market (in roughly a 5:1 ratio of new listings to sales), there is considerable downward pressure on
There is always opportunity Read More »
I don’t wish to sound like a euphoric clown, spouting sunshine-and-rainbows while the rest of the world is focusing on the troubling news of higher inflation and rising mortgage rates, but at the risk of swimming against the current, I wanted to highlight that there are still opportunities. If you’re willing to keep an
Window of Opportunity Read More »
The streets are lined with gold for anyone willing to work and take a long-term perspective. With prices coming down in residential real estate both locally and across the province, prospective buyers are being granted the opportunity they’ve been awaiting. With more inventory coming to market and available from which to choose, and properties taking
Turn That Frown Upside Down – There Are Always Opportunities Read More »
