The line between a condo and a rental building

By Michelle Ervin, February 24, 2014

Consumer advocate says condo boards should be allowed to restrict tenancy levels

Those who brush off concerns about the Toronto condo market’s ability to absorb the record number of completions expected this year point out that many of those units will supply Toronto’s rental market.

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Does it make more financial sense to own a condo or rent an apartment?

The Condo Bible book excerpt chosen by The Globe and Mail to accompany Rob Carrick’s article (see my previous post). Published by The Globe and Mail on Monday, January 13, 2014

From The Condo Bible for Canadians, Everything you must know before and after buying a Condo, by Dan S. Barnabic. Copyright © 2013 by Dan S. Barnabic. Reprinted with permission of Neon Publishing Corp.

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What you need to know before, and after, buying a condo

By Rob Carrick, January 13, 2014

Your life as a homeowner will likely include some time in a condo. Condos suit young adults, and retirees who want to downsize. As houses rise in price, more people in between those extremes may opt for condos. Given the strong foundations for condo demand, there are surprisingly few resources available to help people make smart buying decisions.

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A Look at U.S. and Canadian Real Estate

Updated: January 2014

From the year 2000 onward, U.S. and Canadian real estate markets experienced an incredible boom in the construction of residential real estate.

However, most people seem to have forgotten – and more important, seem not to have learned their lesson – from the previous horrific real estate crash of the late 80s and early 90s, where due to oversupply, the market popped in both countries, sending real estate prices on a free fall of up to 50 percent of their previous values. Exceptionally hard hit were condos.

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The U.S. Economy in Layman’s Terms

Updated: September 2013

The U.S. economy as reflected in its national budget may not be easily understood as it contains too many zeros and the very terms by which the huge, unfamiliar numbers are represented may not ring a bell to the average person.

In order to bring light to people’s minds, I make an analogy of the U.S. budget to a family budget, which leads into an insightful discussion of the U.S. economy.

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Troubling Thoughts on Foreign Buying of U.S. and Canadian Real Estate

Updated: January 2014 

Reports from Miami indicate that certain investors from South America, namely, Brazil, started to buy into empty Florida condominiums. This may be seemingly encouraging news, as it is a well known fact that the record sales of condos in Canadian cities, such as Toronto and Vancouver, are being mostly, if not solely supported by Chinese and other foreign investors, who have been buying Canadian real estate on an exceptionally large scale for quite some time now.

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