Bank of Canada pause soothes the real estate market lolita, 08/09/2025 Open this photo in gallery: 33 Lombard St. features a renovated unit with 1,400 square feet of living space and two parking spaces.ReMax Hallmark Bibby Group Realty March has brought renewed life to the Toronto-area condo market on the heels of a flurry of single-family home sales earlier in the year. But while buyers seem to be more optimistic in all segments of the market, they are keeping a close eye on their finances. Christopher Bibby, broker with Re/Max Hallmark Bibby Group Realty, says condo sales have been lagging the broader market so far in 2024, but the tempo suddenly shifted in early March. Over the course of 10 days, Mr. Bibby sold three of his condo listings, helped four buyers purchase units and had two more deals in negotiations. In the condo market, units with asking prices above the $1.5-million mark are seeing more action after a lengthy stall. “Suddenly it seems that price point is starting to click.” Mr Bibby says the sudden turn appears to be partly a delayed spillover from the rebound that began in late December in the freehold segment. As tales of bidding contests for houses became more common, some downsizers felt more … Continue Reading
Real estate agent defends ‘parasitic’ listing lolita, 01/08/2025 A rental property raised eyebrows last week when it was listed at a modest $375 per week for a large family sized home with two bathrooms. Upon closer inspection, the listing was advertising individual rooms for the low price — with larger rooms on offer for $450 with a total of five rooms available. The listing sparked controversy with the real estate agent forced to defend what some have labeled a “parasitic” listing in a desperate rental environment. “She’s basically clickbaiting people,” director of Perth-based Contessi Properties Paulette Contessi said in a TikTok video. She said a five bedroom, two bathroom home in that suburb should probably rent for about $900. “There is nothing illegal about it, but it is extremely unethical,” Ms Contessi told news.com.au. She said renting individual rooms was “very unusual and it is not the job of a property manager”. “We don’t run boarding houses,” she said. She said a “desperate” rental situation in Perth resulted in these “parasitic and unethical” rental listings, and referenced other extreme examples including a woman leasing out her veranda and a man putting his shed up for rent. The property in the family friendly suburb of Gwelup, Perth was listed … Continue Reading
Boost Juice Queen’s decadent new $17m Byron home lolita, 28/03/2025 Boost Juice founder Janine Allis is believed to be the new owner of a Byron Bay beauty on a 948sq m block at Wategos Bay. Picture: Supplied The Hemsworth family has a new neighbor, and this one may just tie into their healthy lifestyle. Boost Juice founder Janine Allis is believed to be the new owner of a Byron Bay beauty on a 948sq m block at Wategos Bay. Byron Bay Real Estate agent Liam Annesley marketed the property, which was described as a “meticulously crafted”. MORE: Inside Mark Wahlberg’s $100m Aussie mansion One of five bedrooms. MORE: ‘Arms race’: billionaires battle for Oz’s richest home The property has five bedrooms and three bathrooms, and views of the iconic Cape Byron Lighthouse. There is a sleek gourmet kitchen and BBQ, a decadent master retreat with a private balcony, a large robe and an opulent ensuite with views, a pool and spa, landscaped gardens, a private gym, outdoor office, parking for five with a two- car garage, two storage bays and an elevator providing convenient access to all levels. MORE: Prize homeowner’s amazing win changes her life Mandatory view from the bath, Boost Juice founder Janine Allis. Just a short walk … Continue Reading
Luxury real estate company CEO floats possibility that Trump could sell Mar-a-Lago to help pay bonds lolita, 25/03/2025 The CEO of a luxury real estate firm claimed in an interview Thursday that former President Trump’s home of Mar-a-Lago could potentially be sold for hundreds of millions of dollars as he tries to pay a nine-figure bond in his civil fraud case. “Mar-a-Lago, potentially, that could be something that could be sold quickly,” Brown Harris Stevens CEO Bess Freedman told CNN Thursday. “I think the valuation is something in the hundreds of millions and I think there could be a buyer for something like that.” “There could be plenty of international people who want to buy that property,” Freedman said, explaining that there would likely be great interest in buying Mar-a-Lago from Trump. “There’s properties that are priced at $150 and $200 million that are near that.” NY AG ASKS COURT TO IGNORE TRUMP CLAIM THAT POSTING $464M BOND IS ‘PRACTICAL IMPOSSIBILITY’ The CEO of a luxury real estate firm told CNN Thursday that former President Trump’s home of Mar-a-Lago could potentially be sold for hundreds of millions of dollars. (CNN screenshot) “And Palm Beach is like the Nvidia of real estate,” he said. “It’s just shot up like a rocket. And people do want to live there, they’d … Continue Reading