Categories for Business Matters

January 31, 2014

Reason for Optimism


     A friend of mine was recently relocated from Boston to Dallas for employment purposes. Having visited him in both locations, my observation of the difference in home prices is startling.  One need only acquire a window seat in the airplane and a rudimentary understanding of the concept of supply and demand to get a general understanding of why Dallas provides far more bang for your home buying buck.  Land supply in flat, sprawling Dallas is comparatively unlimited.  When... View Article

January 1, 2014

Process Your Goals

In my spare time I coach my daughters midget age hockey team. As all who have been involved in kids sports will understand, coaching is my part time job with full time hours. Fortunately in my particular case, the group of parents involved with our team are reasonable people appreciative of the amount of time not only myself, but the entire team staff devote to their kids development. Nonetheless, occasionally parental expectations and a coaches vision will differ. And so it... View Article

December 1, 2013

Silent Thief

Most of us, look at our property taxes as a necessary evil. We have our annual moan of outrage at the property tax hike proposed by the city, then a sigh of relief when the proposed increase is cut in half. Forgot in the process is that property taxes are still rising, and in the process diminishing the average households spending power. What has offset that increase in the last 15 years or so, is a decline in lending rates,... View Article

November 1, 2013

Stickin’ To My Knittin’

    While travelling through the States recently I took the opportunity to read the business section of the local paper. The pieces that I find myself gravitate towards are personal help columns written by financial planners. The Globe has such a piece each Saturday, replete financial advice that often includes a warning not to be too heavily invested in Real Estate. It’s a form of professional self torture to read these pieces, but all the same it is interesting to... View Article

October 1, 2013

The Pendulum Swings Both Ways

   A mortgage broker friend of mine and I were recently observing how often folks ask us about “where the market is heading.” In his case, they mean interest rates, in mine, real estate prices. However, the questions are really one and the same. So are the answers- “We don’t know,” “If we were that smart, we would be retired!” While I am extremely bullish on Guelph, and our prospects for continued prosperity, I am also a realist. We do... View Article

September 1, 2013

Collateral Damage

A good friend of mine is in the process of overseeing the sale of his parents’ home in an area of Toronto known as Hogs Hollow.    I’ve never been there, though they tell me it’s nice. In his words, it’s a ‘tear down,’ in an area sought after for its location and the prevailing size of lots in the neighbourhood. The list price? $2.2 million.    Scarcely 60 miles west of there, it is difficult to imagine a home in Guelph selling... View Article

July 1, 2013

Just Let Me Buy The Hat

Salespeople, at least good ones, have always been thought of as good talkers – at least by non sales people. A person blessed (or cursed) with the ‘gift of the gab’ – is often stereotyped as someone that ought to consider a career in sales. Yet, salespeople generally talk themselves out of more sales than they may realize. Last week, on what was to date the hottest day of the year, I was scheduled to participate in a golf outing.... View Article

June 1, 2013

Guelph’s Changing Rental Landscape

This past month the Ontario Municipal Board granted approval for an 1100 room facility at the corner of Gordon street and Stone road on the  site of the current Best Western. At first blush, the ruling may appear to be a game changer for the student rental market in the City of Guelph. With many of the recent medium density, mid-rise accommodation buildings sprouting up in the south end of the city having been snapped up by investors and parents... View Article

May 1, 2013

Keep On Picking

PHOTO CREDIT: NENUSKA My uncle used to lament ‘too soon old and too late smart’ when I was too young to appreciate how true the words were. That’s the paradox of youth – when you’re young – you think you’re smart. Gradually, life changes both and you begin to realize you’re not so young, and not so smart. The wonderful thing about real estate ownership, is that you don’t have to be too smart to acquire it, and just smart enough... View Article

April 1, 2013

A Rising Tide

A good friend and sometimes business partner of mine is, like myself, a second generation Canadian born into a real estate family. Mark’s father, like mine, turned to Real Estate to forge a better life for him and his family. Years ago, (beginning in the early 1990’s) when life did not seem nearly as busy as it does today, I used to tag along with Mark as he had coffee with his father at the old Co-op Diner on Speedvale... View Article