by Shawn Lackie A client called me recently, asking about the benefits of land leases. I had to choke back on this one but I did carry on. I asked, why on earth would they be asking about this. Strictly a personal opinion here, but a Land Lease is very similar to a condo purchase, and I have NOT been a fan of condo purchases, for my clients. For a myriad of reasons. In short order, you are buying the air space you live in, and really nothing more. You are subject to monthly m

by Shawn Lackie Over 20 years ago, I finally decided I wanted to make Real Estate (RE) my life. I had worked in television, in a multitude of capacities, and then transitioned to a VP job with the Canadian Football League. At the time, I considered it to be my dream job. Yet, in the back of my mind, for many of the previous 10 years, I had always wondered what the world of RE held. I would call a friend, every spring, and ask how the market was and what process I would follow

by Shawn Lackie It’s that time of the year again, when all the best and worst end of the year lists come out. So I thought, hey why not? Except this isn’t a list, it’s a collective look at what has happened and maybe some crystal ball gazing in what might happen next. Please don’t hold me to any of this. These are merely my thoughts on what might happen. The past year provided many people with a more realistic look at the Real Estate market. We know this market is like all ot

DARRYL KNIGHT, Local Journalism Initiative Reporter for The Standard KAWARTHA LAKES: Concerns over housing affordability and tenant stability prompted local elected officials to call on the provincial government to rethink proposed changes to rent control legislation which could further strain the rental market. At a recent meeting, council supported a resolution, after receiving a memorandum from Councillor Pat Warren, regarding rent control. The resolution endorses a moti

by Shawn Lackie It’s that time of the year again and I always want to send my list to Santa for things to wish for. Against all logic, I thought I would share here: 1. Awesome clients, like I have had in the last few years. It makes the job a joy and really NOT a job. These people have dreams and wishes, and being able to fulfill some of their aspirations is inspiring to me. Especially when they find THAT place. Especially first-time buyers. Matt, Hannah, Sarah and Anujan, An

By Shawn Lackie It’s easy to take cheap shots at a person or a situation. We seem to be overrun with bad news or salacious stuff we just can’t turn away from. Train wreck anyone? So I thought, what about talking about the positives in this profession. There are lots of them, but it would seem, it’s easier to turn over rocks and see the slime underneath and make a big deal about that. Trust me. There are many good people in this business. People who care, people who want to ma

By Shawn Lackie I had to laugh at a recent headline, in one of the on-line, so-called expert, sites, regarding Real Estate. The BIG NEWS was, “Underbidding” was back and prevalent in many GTA neighbourhoods. Underbidding? Since when did THAT become an issue? Like, when someone is asking $1.2 Million for a property and you have the temerity to offer them $1.1 Million? Excuse me, but isn’t that what used to be considered the norm? A seller lists a home for X dollars. The buyer

By Shawn Lackie I was recently reading a monthly report on a local internet news site about house prices in the Durham Region. It got me thinking. I read those as do thousands of others, but what are we really to believe? The reason I ask is that I mentioned this before in a piece I called "Tell Your Numbers To Shut Up" in October. And it made me wonder. What DO people believe? Many real estate boards would have you believe what they say is the gospel truth. I think some coul

By Shawn Lackie The Real Estate landscape has certainly changed in the last two years (yah think?). What used to be a crazy ride for buyers and sellers has almost died out completely. High interest rates and seller greed finally caught up with the market. Buyers who were once throwing money at sellers with no thought about it are now sitting back and patiently waiting for the next shoe to drop. Or at least interest rates. We had one drop in September, and more are on the way.

by Shawn Lackie Nobody said it would be easy. But it’s all a matter of perspective. By it I mean finding a good and reliable mortgage broker. In many instances the decision can be an extremely simple one. You have a relative or a very close friend who you trust implicitly to give you the best quality service and really look out for your best interests. Even these scenarios come with a certain level of risk. As long as you ask the right questions and stay engaged in the proces

by Shawn Lackie I was sitting with some close friends, the other night, and we got to talking about needs in a home purchase. Now, I have always believed there is a vast difference between a need and a want. Most times buyers confuse those two, so called, priorities. A need is something you absolutely MUST have, based on necessity: number of bedrooms; good sized living area; large or small lot, depending on your needs; access to schools and transportation; and hospitals, if y

DARRYL KNIGHT Local Journalism Initiative Reporter for The Standard KAWARTHA LAKES: When Cheryl Faber and her team, at the City of Kawartha Lakes Human Services Department, stood before Council, on October 21st, they weren’t just presenting another report, they were outlining a vision for how the community can work together, to ensure everyone has a safe, stable, and affordable place to call home. The presentation, led by Ms. Faber, Housing Manager Michelle Corley, and Jesse

by Shawn Lackie I know the title sounds like a bit of a joke, to many, but there ARE realtors out there who care, and they carry themselves and their business with honesty and integrity; really. However, too often we hear about the “bad apples,” and there are more than a few of those. Recently, a brokerage was in the headlines for all the wrong reasons. Their trust account was audited and there was a $10 million dollar shortfall. The case is still under investigation but may

by Shawn Lackie The title of this week’s piece comes from a classic baseball book, written in 1970, by then Seattle Pilots pitcher Jim Bouton. It is a CLASSIC. If you have never read it, do yourself a favour and set aside some time to do so. What he was saying was loosely based on a line from a Peanuts comic strip which said, “Tell your statistics to shut up.” At any rate, it was credited to his manager, at the time, Joe Schultz. Now, there was a character. What this is all l

by Shawn Lackie I was perusing the listings, the other day, and came across something I have seen far too often in the last 20 years. An agent not doing their job properly and clients dictating what they feel the market should be doing. That, folks, is a recipe for disaster, no matter how you cut it. A good agent, or at least a semi-competent one, will do their homework, prior to going to a listing appointment. Armed with pages of data which are recent, the agent can pretty m

by Shawn Lackie Events over the past few weeks have led me to some navel gazing and asking just what IS the role of a Realtor. Actually,...

By Shawn Lackie This is a question I get asked from time to time and ask my self more times than I care to remember. How DO you build...

By Shawn Lackie All we seem to be reading about in the real estate market, are three things. Lack of sales, all the new listings, and...

by Shawn Lackie Lately, I have been seeing more and more AI (Artificial Intelligence) articles being posted. Note, I didn’t say written,...

By Shawn Lackie When someone decides to sell their home and chooses a Realtor to list their home, after some good research, there are a...