March E-Newsletter
In This Issue
Behind The Surge Of Bidding Wars
Understanding Condo Fees
Co-Ownership: The New Normal?

Perry Baria

Sales Representative

Royal LePage Real Estate Services

55 St.Clair Ave. W

Toronto, Ontario

M4V 2Y7


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Welcome To My March E-Newsletter!!

What's in store for Real Estate this Spring? 
As many of you may know, the Spring season in real estate is what we refer to as a "hot market" but this spring has proven to be on a whole new level! The combination of a pricey and unattainable (for many) freehold market along with new government regulations and mortgage rules has fueled this. See article below for more insight.

This month's e-newsletter also talks about Toronto's crazy bidding wars.  As more buyers step tentatively into the real estate market, an understanding of condos and their related maintenance fees are also highlighted.  Many think these fees  are just a cash grab...Not true!!  See my article below.

For those still looking to achieve their freehold dreams, some families are thinking outside of the box. Some  middle-income individuals and families are turning to co-ownership as an answer. 

I hope you find this months e-newsletter both enjoyable and informative!

As always thank you for your past and future business and any referrals you may have are always greatly appreciated..
Keeping my finger on the pulse of Toronto real estate,


The Surge of Bidding Wars
Never has the word "bonkers" been used so frequently in describing Toronto's real estate market! The following article has some jaw-dropping statistics about various neighborhoods and their bidding wars.
While these statistics are staggering, what is also relevant and important is an understanding of how and why this is happening... 

Unrealistically low listing prices? Desperate Buyers? Foreign investors? Lack of inventory? 

If you or someone you know are looking to get into the market, let's discuss!

Understanding Condo Fees
After sitting on my condo board for 6 years and also having 50% of my business come from condo sales, I can tell you these fees are anything but a cash grab. 

A well-managed building puts an appropriate amount of money into their operating account and reserve fund.  The funds in the operating account pay for day to day items like, cleaning services, concierge, elevator maintenance contracts, window cleaning, duct cleaning etc...
Money that goes into the reserve fund is there to fund future projects.  This is an essential part of any building, and if underfunded, can land the owners in trouble down the road, by means of a "special assessment".

Every condo fee includes different things.  If you're contemplating condo ownership or investment, I would be happy to have a more in depth discussion with you.

Check here for an interesting article on this topic.
 Co-Ownership: The New Normal?
The growing co-ownership trend: Prospective buyers are joining forces (and their wallets) to break into Toronto's red-hot real estate market allowing them buy homes they otherwise couldn't afford.

This unique living arrangement will have many of you cringing and running for the hills, while others will find this an interesting solution to tackle this market.

Click here to learn more about this interesting way of stepping foot in the  real estate market.  
Congratulations to my client, Boyan on the purchase of an amazing 2 bedroom, 2 bathroom corner suite at 25 Oxley, The Glas Lofts

This 16 storey boutique-style low rise is perfectly situated on a quiet street next door to the Entertainment District, and is the perfect fit for those craving downtown living. 

As always, I thank you for your past and future business and any referrals you may have are always greatly appreciated. If you know of someone considering buying or selling this year, 





Perry Baria 


Sales Representative
Royal LePage Real Estate