{"id":3071,"date":"2021-07-21T21:52:14","date_gmt":"2021-07-21T21:52:14","guid":{"rendered":"http:\/\/dev.thesesh.ca\/?p=3071"},"modified":"2021-09-28T16:50:41","modified_gmt":"2021-09-28T16:50:41","slug":"blog-template","status":"publish","type":"post","link":"https:\/\/peeragerealty.com\/blog-template\/","title":{"rendered":"Tight Supply Drives Condo Values"},"content":{"rendered":"

[et_pb_section fb_built=”1″ fullwidth=”on” _builder_version=”4.10.6″ use_background_color_gradient=”on” background_color_gradient_start=”#011c28″ background_color_gradient_end=”#023850″ vertical_offset_tablet=”0″ horizontal_offset_tablet=”0″ height=”500px” max_height=”500px” animation_style=”fade” box_shadow_horizontal_tablet=”0px” box_shadow_vertical_tablet=”0px” box_shadow_blur_tablet=”40px” box_shadow_spread_tablet=”0px” global_colors_info=”{}”][et_pb_fullwidth_header title=”July 21, 2021″ subhead=”Tight Supply Drives Condo Values” text_orientation=”center” button_one_url=”#our-model” button_two_url=”#our-team” _builder_version=”4.10.7″ title_font=”|300|||||||” title_font_size=”20px” title_line_height=”1.7em” content_font=”|300|||||||” content_line_height=”1.9em” subhead_font=”|600|||||||” subhead_font_size=”30px” subhead_line_height=”1.4em” background_enable_color=”off” custom_button_one=”on” button_one_text_size=”22px” button_one_text_color=”#ffffff” button_one_bg_color=”RGBA(0,0,0,0)” button_one_font=”|600|||||||” button_one_icon=”%%180%%” button_one_icon_color=”#42c0fa” button_one_on_hover=”off” custom_button_two=”on” button_two_text_size=”22px” button_two_bg_color=”RGBA(0,0,0,0)” button_two_font=”|600|||||||” button_two_icon=”%%180%%” button_two_icon_color=”#42c0fa” button_two_on_hover=”off” vertical_offset_tablet=”0″ horizontal_offset_tablet=”0″ module_alignment=”center” height=”500px” max_height=”500px” custom_margin=”||||false|false” custom_padding=”||||false|false” animation_style=”flip” animation_intensity_flip=”30%” z_index_tablet=”0″ title_text_shadow_horizontal_length_tablet=”0px” title_text_shadow_vertical_length_tablet=”0px” title_text_shadow_blur_strength_tablet=”1px” content_text_shadow_horizontal_length_tablet=”0px” content_text_shadow_vertical_length_tablet=”0px” content_text_shadow_blur_strength_tablet=”1px” subhead_text_shadow_horizontal_length_tablet=”0px” subhead_text_shadow_vertical_length_tablet=”0px” subhead_text_shadow_blur_strength_tablet=”1px” content_link_text_shadow_horizontal_length_tablet=”0px” content_link_text_shadow_vertical_length_tablet=”0px” content_link_text_shadow_blur_strength_tablet=”1px” content_ul_text_shadow_horizontal_length_tablet=”0px” content_ul_text_shadow_vertical_length_tablet=”0px” content_ul_text_shadow_blur_strength_tablet=”1px” content_ol_text_shadow_horizontal_length_tablet=”0px” content_ol_text_shadow_vertical_length_tablet=”0px” content_ol_text_shadow_blur_strength_tablet=”1px” content_quote_text_shadow_horizontal_length_tablet=”0px” content_quote_text_shadow_vertical_length_tablet=”0px” content_quote_text_shadow_blur_strength_tablet=”1px” button_one_text_shadow_horizontal_length_tablet=”0px” button_one_text_shadow_vertical_length_tablet=”0px” button_one_text_shadow_blur_strength_tablet=”1px” button_two_text_shadow_horizontal_length_tablet=”0px” button_two_text_shadow_vertical_length_tablet=”0px” button_two_text_shadow_blur_strength_tablet=”1px” box_shadow_horizontal_tablet=”0px” box_shadow_vertical_tablet=”0px” box_shadow_blur_tablet=”40px” box_shadow_spread_tablet=”0px” box_shadow_horizontal_image_tablet=”0px” box_shadow_vertical_image_tablet=”0px” box_shadow_blur_image_tablet=”40px” box_shadow_spread_image_tablet=”0px” box_shadow_horizontal_button_one_tablet=”0px” box_shadow_vertical_button_one_tablet=”0px” box_shadow_blur_button_one_tablet=”40px” box_shadow_spread_button_one_tablet=”0px” box_shadow_horizontal_button_two_tablet=”0px” box_shadow_vertical_button_two_tablet=”0px” box_shadow_blur_button_two_tablet=”40px” box_shadow_spread_button_two_tablet=”0px” text_shadow_horizontal_length_tablet=”0px” text_shadow_vertical_length_tablet=”0px” text_shadow_blur_strength_tablet=”1px” global_colors_info=”{}” button_one_bg_color__hover_enabled=”on|desktop” button_two_bg_color__hover_enabled=”on|desktop”]<\/br>
\nBy Barbara Lawlor<\/p>\n

CEO Baker Real Estate Ltd.
\n[\/et_pb_fullwidth_header][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.10.7″ _module_preset=”default” max_width=”1280px” module_alignment=”center” border_width_right=”1px” border_color_right=”rgba(0,0,0,0.05)” border_width_left=”1px” border_color_left=”rgba(0,0,0,0.05)” global_colors_info=”{}”][et_pb_row _builder_version=”4.10.7″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.10.7″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.10.7″ _module_preset=”default” text_font=”|300|||||||” text_text_color=”#3c3e3d” text_font_size=”18px” text_line_height=”1.6em” global_colors_info=”{}”]<\/p>\n

Don\u2019t talk to Barbara Lawlor about condominium apartment investments that have negative cash flow or don\u2019t pay for themselves with rent. She said that doesn\u2019t mean the boom is anywhere near over. The chief executive of Baker Real Estate, which has sold more than 100,000 condos since 1983 and is perhaps greater Toronto\u2019s most prominent broker in the presale business, said demand could keep going, based on a formula that bets on appreciation. We are definitely in a market where demand is exceeding supply,\u201d Lawlor said in an interview, adding investor appetite is driven by a belief that capital appreciation will grow even as rents slowed during the pandemic. \u201dPrices will continue on the upward trend,\u201d she said. In truth, condo prices in Toronto have been disconnected from income since well before the pandemic, based on a belief there will always be another buyer, which critics claim is pure speculation. Lawlor pointed to demand drivers such as increased immigration and family money backing purchases by young adults, with developers unable to keep up.<\/p>\n

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Baker Real Estate is the broker of record on the M4 project in Mississauga, Ontario. (Baker Real Estate)<\/p>\n

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Seen It Before<\/h1>\n

Lawlor since the 1990s has worked for Baker Real Estate, founded by Pat Baker in 1993. That\u2019s a tenure spanning the Great Recession, and she points out she has experienced a significant market correction. \u201cEverybody took their toys and sat around, and then they came back,\u201d said Lawlor, who added that these days record immigration to Canada expected under a federal Liberal government can do nothing but put pressure on the market. Lawlor said about 70% of a building is typically presold before a developer can even get construction She said the federal government\u2019s 1% annual tax on foreign owners of vacant residential real estate is not hurting sales.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row custom_padding_last_edited=”on|desktop” _builder_version=”4.10.8″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” vertical_offset_tablet=”0″ horizontal_offset_tablet=”0″ custom_padding=”50px||50px||true|false” custom_padding_tablet=”||0px||false|false” custom_padding_phone=”” z_index_tablet=”0″ box_shadow_horizontal_tablet=”0px” box_shadow_vertical_tablet=”0px” box_shadow_blur_tablet=”40px” box_shadow_spread_tablet=”0px” global_colors_info=”{}”][et_pb_column type=”4_4″ module_id=”baker” _builder_version=”4.10.7″ custom_padding=”10px|10px|10px|10px|true|true” border_radii=”on|5px|5px|5px|5px” box_shadow_style=”preset1″ global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”Baker Real Estate Inc.” image=”https:\/\/peeragerealty.com\/wp-content\/uploads\/2021\/09\/Baker-Logo-4-Col-New.jpg” image_max_width=”55%” module_id=”baker-real-estate” _builder_version=”4.10.8″ _module_preset=”default” vertical_offset_tablet=”0″ horizontal_offset_tablet=”0″ text_orientation=”center” z_index_tablet=”0″ header_text_shadow_horizontal_length_tablet=”0px” header_text_shadow_vertical_length_tablet=”0px” header_text_shadow_blur_strength_tablet=”1px” body_text_shadow_horizontal_length_tablet=”0px” body_text_shadow_vertical_length_tablet=”0px” body_text_shadow_blur_strength_tablet=”1px” body_link_text_shadow_horizontal_length_tablet=”0px” body_link_text_shadow_vertical_length_tablet=”0px” body_link_text_shadow_blur_strength_tablet=”1px” body_ul_text_shadow_horizontal_length_tablet=”0px” body_ul_text_shadow_vertical_length_tablet=”0px” body_ul_text_shadow_blur_strength_tablet=”1px” body_ol_text_shadow_horizontal_length_tablet=”0px” body_ol_text_shadow_vertical_length_tablet=”0px” body_ol_text_shadow_blur_strength_tablet=”1px” body_quote_text_shadow_horizontal_length_tablet=”0px” body_quote_text_shadow_vertical_length_tablet=”0px” body_quote_text_shadow_blur_strength_tablet=”1px” box_shadow_horizontal_tablet=”0px” box_shadow_vertical_tablet=”0px” box_shadow_blur_tablet=”40px” box_shadow_spread_tablet=”0px” box_shadow_horizontal_image_tablet=”0px” box_shadow_vertical_image_tablet=”0px” box_shadow_blur_image_tablet=”40px” box_shadow_spread_image_tablet=”0px” text_shadow_horizontal_length_tablet=”0px” text_shadow_vertical_length_tablet=”0px” text_shadow_blur_strength_tablet=”1px” global_colors_info=”{}”]<\/p>\n

Brokerage<\/p>\n

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\n

Locations\u00a0<\/strong><\/p>\n

Canada<\/p>\n

USA<\/p>\n

.<\/span>
.<\/span><\/p>\n<\/td>\n

\n

Services<\/strong><\/p>\n

Project Sales and Marketing<\/p>\n

New Construction<\/p>\n

Resale<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/et_pb_text][et_pb_toggle title=”Read More” open_toggle_text_color=”RGBA(0,0,0,0)” open_toggle_background_color=”#ffffff” closed_toggle_background_color=”#ffffff” icon_color=”#42c0fa” _builder_version=”4.10.7″ _module_preset=”default” title_text_color=”#000000″ title_level=”h3″ title_text_align=”right” title_font_size=”14px” body_font=”|300|||||||” body_text_align=”left” body_text_color=”#000000″ body_font_size=”16px” body_line_height=”1.8em” vertical_offset_tablet=”0″ horizontal_offset_tablet=”0″ custom_margin=”-20px||||false|false” custom_padding=”0px||10px||false|false” title_text_shadow_horizontal_length_tablet=”0px” title_text_shadow_vertical_length_tablet=”0px” title_text_shadow_blur_strength_tablet=”1px” closed_title_text_shadow_horizontal_length_tablet=”0px” closed_title_text_shadow_vertical_length_tablet=”0px” closed_title_text_shadow_blur_strength_tablet=”1px” body_text_shadow_horizontal_length_tablet=”0px” body_text_shadow_vertical_length_tablet=”0px” body_text_shadow_blur_strength_tablet=”1px” body_link_text_shadow_horizontal_length_tablet=”0px” body_link_text_shadow_vertical_length_tablet=”0px” body_link_text_shadow_blur_strength_tablet=”1px” body_ul_text_shadow_horizontal_length_tablet=”0px” body_ul_text_shadow_vertical_length_tablet=”0px” body_ul_text_shadow_blur_strength_tablet=”1px” body_ol_text_shadow_horizontal_length_tablet=”0px” body_ol_text_shadow_vertical_length_tablet=”0px” body_ol_text_shadow_blur_strength_tablet=”1px” body_quote_text_shadow_horizontal_length_tablet=”0px” body_quote_text_shadow_vertical_length_tablet=”0px” body_quote_text_shadow_blur_strength_tablet=”1px” border_width_all=”0px” box_shadow_horizontal_tablet=”0px” box_shadow_vertical_tablet=”0px” box_shadow_blur_tablet=”40px” box_shadow_spread_tablet=”0px” text_shadow_horizontal_length_tablet=”0px” text_shadow_vertical_length_tablet=”0px” text_shadow_blur_strength_tablet=”1px” global_colors_info=”{}” icon_color__hover_enabled=”on|hover” icon_color__hover=”rgba(0,141,229,0.25)”]<\/p>\n

For over 20 years, Baker Real Estate has set the benchmark in Canadian real estate \u2013 providing exemplary services to a broad range of clients with integrity, expertise and passion. With nearly 2 billion dollars in annual new home and condominium sales,\u00a0Baker is one of Canada\u2019s most successful real estate companies, specializing in project marketing and sales of new home and condominium communities, including condominiums, townhouses and single-family homes as well as hotel condominiums and resort properties.<\/p>\n

The company provides pre-construction sales and marketing expertise to prestigious projects\u00a0throughout Canada and the United States\u00a0and has particular expertise in turning around challenging projects.<\/p>\n

Baker has incorporated their vision of global breadth with local depth into the international real estate market as well. Today, the company\u2019s e-sales offices around the world offer\u00a0up-to-the-minute sales and client information that is unparalleled in the industry.<\/p>\n

\"\"<\/a><\/p>\n

[\/et_pb_toggle][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.10.7″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.10.7″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.10.7″ _module_preset=”default” text_font=”|300|||||||” text_text_color=”#3c3e3d” text_font_size=”18px” text_line_height=”1.4em” global_colors_info=”{}”]<\/p>\n

\u201cWe saw some impact in Vancouver [from municipal and provincial tax measures] but not anymore,\u201d said the Dublin-born executive. \u201cFirst of all, what are foreign buyers? Mostly we are talking about multicultural buyers. International buyers make up 4% to 6% of our buyers, and that\u2019s looking back over many years of data.\u201d The Canadian Real Estate Association\u2019s most recent statistics show the average house sold for $688,000 in May, up 38.4% from a year earlier.<\/p>\n

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1325 Lawrence Avenue East, Suite 200, Toronto, ON M3A 1C6<\/p>\n

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Peerage Realty Partners is a subsidiary of\u00a0Peerage Capital Group.<\/p>\n

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Our Team<\/a><\/span><\/p>\n

Our Partners<\/a><\/span><\/p>\n

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Insights<\/a><\/span><\/p>\n

Statistics<\/a><\/span><\/p>\n

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By Barbara Lawlor CEO Baker Real Estate Ltd. Don\u2019t talk to Barbara Lawlor about condominium apartment investments that have negative cash flow or don\u2019t pay for themselves with rent. She said that doesn\u2019t mean the boom is anywhere near over. The chief executive of Baker Real Estate, which has sold more than 100,000 condos since […]<\/p>\n","protected":false},"author":2,"featured_media":3098,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[153,160],"tags":[],"_links":{"self":[{"href":"https:\/\/peeragerealty.com\/wp-json\/wp\/v2\/posts\/3071"}],"collection":[{"href":"https:\/\/peeragerealty.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/peeragerealty.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/peeragerealty.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/peeragerealty.com\/wp-json\/wp\/v2\/comments?post=3071"}],"version-history":[{"count":31,"href":"https:\/\/peeragerealty.com\/wp-json\/wp\/v2\/posts\/3071\/revisions"}],"predecessor-version":[{"id":3883,"href":"https:\/\/peeragerealty.com\/wp-json\/wp\/v2\/posts\/3071\/revisions\/3883"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/peeragerealty.com\/wp-json\/wp\/v2\/media\/3098"}],"wp:attachment":[{"href":"https:\/\/peeragerealty.com\/wp-json\/wp\/v2\/media?parent=3071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/peeragerealty.com\/wp-json\/wp\/v2\/categories?post=3071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/peeragerealty.com\/wp-json\/wp\/v2\/tags?post=3071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}