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All these Toronto malls could be getting redeveloped

by Helena Sedlak· August 24, 2017· in Buying, Houses, People, Places· 0 comments tags: bully offers, buying real estate, condominium, downsizing, downtown, financial incentives, first-time buyers, land transfer tax, mortgage, new construction, new homes, places, preconstruction, selling, tax, toronto
A redevelopment deluge is hitting shopping mall properties across Toronto not only because of rising land values but also the threat online retailers are posing to bottom lines, an industry expert suggests. “I think that one of the big redevelopment waves right now are shopping centres,” Craig Patterson, founder and editor-in-chief of Retail Insider, an online trade publication, tells BuzzBuzzNews. “As real estate prices have gone up and developable land has become less available, I’m seeing shopping centre landlords looking at their shopping centre real estate as being prime land for intensification,” he adds. BuzzBuzzNews has identified eight Toronto shopping mall sites currently slated for such intensification, and that total doesn’t include properties in the nearby surrounding GTA, such as the Promenade Mall. SEE ALSO: Application for 7 mixed-use towers submitted to Vaughan for site beside Promenade Mall, north of Toronto Patterson says malls are a “gold mine” for redevelopment because of the GTA’s level of population growth as well as the fact that they are so often sitting on large, well-located sites to begin with. “Cadillac Fairview, Oxford, Ivanhoe Cambridge: these landlords are already getting in on the residential game — or they’re partnering with residential developers,” says Patterson. “A natural […]
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Bullies - Helena Sedlak, Sales Representative

Bully offers: Should you accept one?

by Helena Sedlak· March 10, 2017· in Buying· 0 comments tags: bully offers, buying real estate, selling
Buyer beware. Or in this case: seller be wary. Bully offers are a common tactic in the booming Toronto real estate market. Just like those boastful “sold over asking” signs we see dotting neighbourhoods, both receive mixed reactions yet both seem here to stay. The question is: would you accept one? What is a bully offer? When a new property listing goes up, there’s often a note that the sellers are holding back on accepting offers until a specific date. Buyers and agents are still free to submit offers beforehand, but this is referred to as a “bully offer” or, more gently, a “pre-emptive offer”. Why would a buyer give a bully offer? For a buyer, making a bully offer often makes sense. You’re navigating one of the country’s most competitive housing markets, and yes, that can feel as scary as it sounds. You find your dream house, and then realize it has a set offer date, in which your offer will be compared to the to those of other serious buyers. In some cases, your offer can be sent back for revisions. It’s an environment that creates anxiety – and a bully offer is a reaction to that. The […]
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Helena Sedlak

Helena Sedlak

Sales Representative

Royal LePage Real Estate Services Ltd.,
Brokerage
3031 Bloor Street West,
Toronto, ON M8X 1C5
Telephone: 416-236-1871
Cell: 416-821-6964 | Send SMS
Fax: 416-239-5394
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Royal LePage Real Estate Services Ltd., Brokerage


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