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Recent content by Lucy

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    Illegal Suites

    What have been reading and what's in your emails?
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    Toronto`s Real Estate Bubble

    Our economy is one steaming pile of debt. I already posted the links to the evidence. Please don't think there isn't a snowball of corruption and greed happening at CMHC, BANKS and GOVERNMENT levels.
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    Toronto`s Real Estate Bubble

    Our Canadian Politicians are being recless and irresponsible by allowing this to get to this point and perhaps beyond to satisfy the banks greed to sustain their lending. To cool things off, Canadian banks need to take a breather from their profits and aggressive lending...
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    Toronto`s Real Estate Bubble

    No Worries Maxim..... I am with you. Rickson professes to be an know it all internet keyboard warrior. Supply and Demand is only relative to the market at a given time. This absolutely does not give any indications whether a commodity is overpriced or in a bubble. over the long...
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    Illegal Suites

    The cap rates on the newlyconverted illegal plexes is 60% better. They yield caps as high as 8-9%. The property taxes are less too since they are taxed as a single family home. This is why It's big business. What's the incentive to buy a legal plex and pay a high price for a lower return to...
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    Illegal Suites

    Wow! You are not really looking then. Just look at the MLS! Downtown Torionto is full of illegal 3 & 4 plexes. I would say 99% of what is listed and sold are illegal. If it does nor say it's legal, it is because illegal! I spent a year looking for a legal one and know foe a fact the majority...
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    cap rates

    I will never agree with Thomas and his likes on this. I was investing and selling commercial/investment real estate when interest rates were 13% and quite the opposite occurs. Rents do not go up they go down. It's astonishing for one to believe that rising rates ONLY affects the few who are...
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    Illegal Suites

    I am shocked at how few people actually complain. I can't imagine owning a $700,000 dollar home in downtown Toronto and some investor buys next door and chops the house up into an illegal 4 plex contradicting the bylaws. Yet, this must be exactly what's going on all the time. Canadians are...
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    Illegal Suites

    Their belief is they cannot be shut down (at least in downtown Toronto) because of the shortage in rental accommodations. I tend to agree as I don't see a way out of the rental shortage situation. These chopped up houses are one step up from illegal rooming houses.
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    Tell me the Canadian people are smarter than this

    JohnS; if your favorite party can provide all these entitlements and balance the budget while not increasing taxes an preferably lowering taxes I am all for it. They have enough to work with would you not agree? Trim the fat, cut out the corruption and there will be enough to satisfy your...
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    Tell me the Canadian people are smarter than this

    Liberal MP  Glen Pearson admits that his party has no plan to get Canada out of deficit and balance its budget. Again the liberal show their true colors as tax and spenders who rather transfer money from your pocket to the government coffers...
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    Tell me the Canadian people are smarter than this

    It's not that it's easier, it's that it happens to be accurate. Just like you did silly or stupid things like vote NDP they are doing the same thing. Money does not fall from the NDP or the LIBERAL sky. Canadians for the most part, are well taken care of and overly taxed by our governments...
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    Tell me the Canadian people are smarter than this

    I feel Canadians are socialist suckers who continuously want the guvmt to take care of them. Yes very low IQs.
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    Illegal Suites

    I have friends and clients who are adamant that the City of T.O. Cannot and will not shut them down.
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    Illegal Suites

    Landlord licensing may be a good idea in Ontario to curb the illegal suite epidemic. Rewarding the good and legal landlords. It's only $1.50 per month per suite.
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