If you landed on this web page it is probably because you're looking for affordable real estate.
Housing affordability in Toronto?
Toronto has severely unaffordable housing and no matter what report you read it's certainly one of the least affordable cities globally in which to buy real estate. Whether ranked the second most expensive in Canada after Vancouver, or fourth in North America after Los Angeles, or maybe sixth in the world behind Hong Kong or Sydney, you get the point ... It's WTF expensive!
This is a real problem. On the rare occasion I find something worthy of being labelled 'Affordable' how do I choose with whom to share it from my thousands of waitlisted clients. Then how do I disappoint them when there are ten other offers - all willing to pay more than any price I believe I can honestly recommend?
So, after many years of promoting 'Affordable' real estate in Toronto it's time to say, ‘enough!’
I am no longer selling real estate, so I'm sorry I can't help you with that, but I am an expert in the co-ownership market.
I receive several calls every week from people asking for advice on how to create a home share or a co-ownership. Essentially a “Golden Girls” concept where a homeowner doesn’t have to downsize from a ‘now too large property’ but can share it (and get equity) by selling a percentage to like-minded people.
This concept is interesting, exciting and doable. It could be a big part of Toronto's real estate future.
But let’s be realistic. It's not easy. It is complex and each opportunity is unique.
I’m looking at a “How to” book on the concept and am available to consult on the issue. You can always reach me at vicki@vickiborenstein.com If you'd like to stay in touch via Linkedin or Facebook I welcome you to do so. Or, simply bookmark this page and check it out occasionally as I'll continue reporting my adventures at VickiBorenstein.com.
In the meantime, I am continuing as publisher of TravelindustryToday.com and encourage you to subscribe to the online publication for a free daily or weekly travel update by e-mail.
I'm convinced the art to having a happy life is working at what you love. Although I don't love the current real estate environment it's my first and last passion (with the business of travel in between.) I'll always be passionate about real estate and if purchased with common sense, it's probably the safest investment in the world.
I'll always be grateful to all the people who encouraged me to invest in real estate as well as those who entrusted me to sell or buy their real estate. Thank you.
So, I wish for you, as my good friend and spokesperson for my travel company, The Last Minute Club, the late Robin Leach said at the end of every ‘Lifestyles of The Rich and Famous’ television episode,
“Champagne wishes and caviar dreams.”
