#9947098 - 11/11/20 09:41 AM
Re: I started a blog (real estate)
[Re: Riskhe Business]
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JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29176
Loc: Toronto
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The office or at least the idea of working and collaborating in a space will not go away. The team building, people interaction and soft skills will still be needed and doesn’t exist to the same capacity with remote working.
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#9947483 - 11/11/20 04:29 PM
Re: I started a blog (real estate)
[Re: Hatorade]
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f22b-dohc
Post Master Supreme
Registered: 09/09/05
Posts: 11227
Loc: canadia
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^this. Plus old school management mentality still exists. Gotta watch over them lemmings!!!
this is the time to let the useless people go.
i honestly do not think i will be going back to the office - wait; i dont have one 
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#9947606 - 11/11/20 06:49 PM
Re: I started a blog (real estate)
[Re: SharpSpoon]
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Riskhe Business
Provides a Great Work Environment.
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Registered: 05/17/10
Posts: 45654
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Office leasing is down 85% in the GTA.
What does this even mean? 85% of companies with offices no longer have offices?  This 'stat' is meaningless without context....so let's start there so we aren't pushing headline click bait here.
The story is very different between all the different asset classes. Office and retail are under pressure, but Class A office is still in decent shape, but renewals are sketchy. Retail is getting crushed, Class B and lower office/retail also getting crushed. Industrial space is fucking CRUSHING in the GTA, can't get shit everything is getting scooped up.
Have a client, we've been aggressively looking at moving him into a larger place as his dealership is growing exponentially, can't get a damn thing in Toronto/York. We've even considered places and to apply for rezoning ourselves. There are literal micro wars going on in terms of competition for specific real estate, covid only accelerated it. Want final mile industrial fulfillment space? Another gong show.
It will come back, remote work is temporary...but at least it will force companies to create hybrid work environments where hopefully people aren't chained to cubicles 5 days a week, maybe it's just 2-3.
Like mentioned earlier, you can't build culture remotely. I suppose you can, but it's difficult to scale. If you aren't working next to the decision makers (aka the C level who are all on site) you've just wiped out any opportunity for career progression.
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#9948861 - 11/13/20 08:34 AM
Re: I started a blog (real estate)
[Re: Riskhe Business]
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f22b-dohc
Post Master Supreme
Registered: 09/09/05
Posts: 11227
Loc: canadia
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[quote=SharpSpoon]
It will come back, remote work is temporary...but at least it will force companies to create hybrid work environments where hopefully people aren't chained to cubicles 5 days a week, maybe it's just 2-3.
when is your prediction of said comeback?
it's sad when i drive around and see so many places just boarded up.
and this isnt even near over yet.
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JB weld is your friend
Chewbacca makes me yawn *Yawn*
"rolling -----on my 2.0, with the rag top down so my hair can blow..."
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#9948963 - 11/13/20 09:34 AM
Re: I started a blog (real estate)
[Re: f22b-dohc]
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Riskhe Business
Provides a Great Work Environment.
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Registered: 05/17/10
Posts: 45654
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I have no idea for downtown, a lot of offices in the 905 are already back on rotating schedules/hybrid work plans.
Downtown core is a big unknown, some started rotating in this September, but the elevators remain the biggest issue and there is no solution. It will probably remain a ghost town for the next 6 months for sure, who knows what happens after.
Funny enough a lot of the C level/Exec teams in downtown are working out of their offices.
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#9949412 - 11/13/20 03:17 PM
Re: I started a blog (real estate)
[Re: Senor Eduardo_82]
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Riskhe Business
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Registered: 05/17/10
Posts: 45654
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I've heard of them, initial reaction was they were trying to copy opendoor, was wrong.
Looks like a service that provides bridge financing so you buy first, sell later, but you get charged full pop for the commission. Usually if you sell/buy with the same realtor you will get a break on the commission, not with these guys, but the 'convenience' is they provide the bridge loan...but this is something you can do on your own if you have a pulse/can breathe. Not sure who their target demo is...
What I don't like about it is that it does the typical real estate tactic of putting you in a deal first (buy first) then sell your home later. I am not a fan of this at all (I am sure many will argue with me over it, please don't - let's agree to disagree).
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#9950409 - 11/16/20 08:37 AM
Re: I started a blog (real estate)
[Re: Riskhe Business]
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f22b-dohc
Post Master Supreme
Registered: 09/09/05
Posts: 11227
Loc: canadia
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Funny enough a lot of the C level/Exec teams in downtown are working out of their offices.
that's because they want to get away from their significant other
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JB weld is your friend
Chewbacca makes me yawn *Yawn*
"rolling -----on my 2.0, with the rag top down so my hair can blow..."
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#9950534 - 11/16/20 10:23 AM
Re: I started a blog (real estate)
[Re: Big Tasty]
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Riskhe Business
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Registered: 05/17/10
Posts: 45654
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Sounds about right, they bought at the bottom.
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#9952588 - 11/18/20 09:47 PM
Re: I started a blog (real estate)
[Re: Riskhe Business]
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furball
Post Master Sr
Registered: 09/24/03
Posts: 9534
Loc: Toronto, ON
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#9952711 - 11/19/20 10:04 AM
Re: I started a blog (real estate)
[Re: Big Tasty]
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Riskhe Business
Provides a Great Work Environment.
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Registered: 05/17/10
Posts: 45654
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Are we simply confirming that their home appreciated in line with GTA real estate? Trying to understand if there is more to the story that I am missing.
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#9974560 - 12/29/20 08:22 AM
Re: I started a blog (real estate)
[Re: Riskhe Business]
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Big Tasty
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Registered: 02/10/02
Posts: 19938
Loc: Toronto
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#9974569 - 12/29/20 08:40 AM
Re: I started a blog (real estate)
[Re: Big Tasty]
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Riskhe Business
Provides a Great Work Environment.
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Registered: 05/17/10
Posts: 45654
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I saw a listing recently where the agent parked a blue maclaren in front of an old shitty condo in Malvern as part of 'staging'. Marketing savants 
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#9974768 - 12/29/20 12:10 PM
Re: I started a blog (real estate)
[Re: Big Tasty]
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Senor Eduardo_82
miataist
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Registered: 01/09/03
Posts: 38036
Loc: Ca�ada
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Looks like they got a great deal on grey paint.
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#9974771 - 12/29/20 12:17 PM
Re: I started a blog (real estate)
[Re: Senor Eduardo_82]
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Senor Eduardo_82
miataist
Post Master Supreme
Registered: 01/09/03
Posts: 38036
Loc: Ca�ada
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#9974786 - 12/29/20 12:36 PM
Re: I started a blog (real estate)
[Re: Senor Eduardo_82]
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Riskhe Business
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 45654
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I like that house, lifestyle videos are picking up, i guess they must work  They look FANTASTIC on your IG feed when you buy the place.
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#9975016 - 12/29/20 08:30 PM
Re: I started a blog (real estate)
[Re: Senor Eduardo_82]
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A2B-Lexus
Post Master Supreme
Registered: 04/19/01
Posts: 45576
Loc: Raptors Land
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number 14. No thanks. 
$1.6M, I'd want at least a 2 car garage house.
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#9975053 - 12/29/20 10:54 PM
Re: I started a blog (real estate)
[Re: A2B-Lexus]
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Hatorade
pheggit
Post Master Supreme
Registered: 11/05/99
Posts: 26908
Loc: Toronto, ON
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number 14. No thanks. $1.6M, I'd want at least a 2 car garage house.
$1.6M in downtown Brampton? Wtf
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#9975867 - 12/31/20 07:02 AM
Re: I started a blog (real estate)
[Re: Hatorade]
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c2k
Post Master Supreme
Registered: 05/21/00
Posts: 19310
Loc: Wiesloch-Walldorf, Germany
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number 14. No thanks. $1.6M, I'd want at least a 2 car garage house. $1.6M in downtown Brampton? Wtf
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