The most common question I am asked by clients looking to buy an investment property is “what CAP rate can I get something for?” My answer is always the same. “What CAP Rate do you want to pay?” After a brief moment of silence, I am then asked, “what do you mean?” Here’s what I mean. The market is very efficient. It is rare to find a property that ...
Posted by William Karnasiotis
on January 17, 2012
September Rounds Out a Strong Third Quarter October 5, 2011 -- Greater Toronto REALTORS® reported 7,658 transactions through the TorontoMLS® system in September – a 25 per cent increase over September 2010. Sales during the first three quarters of 2011 amounted to 70,588, representing a 2.6 per cent increase compared to the first nine months of 2010. "We have experienced strong growth ...
Posted by William Karnasiotis
on October 20, 2011
OTTAWA—The Canadian economy stalled in the second quarter, contracting slightly as exports dropped amid the global economic slowdown, but economists and the federal finance minister say there’s no reason yet to believe another recession is looming.
Statistics Canada said Wednesday that Canadian gross domestic product shrank 0.1 per cent in the three months ended June 30, or at an annualized ...
Posted by William Karnasiotis
on August 31, 2011
Despite the fact that the average per capita income has generally increased, the gap between the poor and the rich in Canada remains un-bridged. The living standard of an average Canadian has improved but much of the gain has taken place in the richer sector. This is in spite of the fact that Canada has experienced a stable income inequality in the new millennium than in the 90s and the median income ...
Posted by William Karnasiotis
on July 21, 2011
Greater Toronto REALTORS Release Mid-July Release Market Figures
Toronto, July 18, 2011—Greater Toronto REALTORS has reported a raise in sales and the average selling price during first 14 days of July compared to the first 2 weeks of 2010. The sales increased to 35% i.e 3,609 this year compared to 2,672 last year.
President of Toronto Real Estate Board (TREB), Richard Silver said, “ ...
Posted by William Karnasiotis
on July 21, 2011
There is a serious need for the two-thousand daycare spaces in the city of Toronto to be reduced and the emergency medical services and fire departments be merged. This will help in minimizing the expenses and save millions of dollars. This is according to an independent auditor.
The fifty five-page review that was conducted by KPMG suggests very vital ways in which the skyrocketing expenditure of ...
Posted by William Karnasiotis
on July 21, 2011
Claims that Canada’s housing market is ready to pop are exaggerated, say economists at BMO Nesbitt Burns.
Instead, they say the market can more realistically be labelled “moderately overvalued” based upon a comparison of house prices with personal income. They also note that mortgage servicing costs for “typical” homebuyers are running near the long-term norm of 34%. ...
Posted by William Karnasiotis
on July 20, 2011
A closer look at "For-Sale-By-Owner" (FSBO) data from NAR's 2006 Profile of Home Buyers and Sellers.
Each year a small army of home sellers throw caution to the wind and “go it alone” — without the assistance of a licensed real estate professional.
This ever-decreasing band of risk-takers, ventures into the land of pricing, marketing, screening, scheduling, ...
Posted by William Karnasiotis
on June 22, 2011
Commercial Realty Watch
Over 500,000 square feet leased in February March 3, 2011 -- TREB Commercial Members reported 524,741 square feet of leased space in February 2011 – down 13 per cent from the 606,076 leased square feet recorded in February 2010. "The number and size of commercial real estate transactions can be quite volatile on a monthly basis. Recent economic reports, including ...
Posted by William Karnasiotis
on March 28, 2011
Attention: William Karnasiotis
How Do Surge Protectors Work
A surge protector could be compared to a sponge that absorbs dangerous and excess voltage which prevents most of this excess voltage from reaching electronic equipment. A good surge protector must be UL rated on response time (where lower clamping voltage is better), and surge rating (where the greater the surge ...
Posted by William Karnasiotis
on March 24, 2011