Authors Posts by Chris Seepe

Chris Seepe

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Chris Seepe is a published writer and author, ‘landlording’ course instructor, president of the Landlords Association of Durham, and a commercial real estate broker of record at Aztech Realty in Toronto, specializing in income-generating and multi-residential investment properties. Call (416) 525-1558, send him an email, or visit his website.

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Ontario’s recent “Rent Fairness Act” continues the brutal, gratuitous, dystopian, anti-landlord legislation meted out by short-sighted, vote-pandering politicians who have persecuted landlords for decades.

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What few people realize is that many Ontario municipalities tax multi-residential rental properties anywhere from 50 per cent to 250 per cent as much as single-family homes or condominium units.

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The real estate business is a constant emotional and financial roller coaster ride, and it’s easy to forget how fortunate we are. The World...

Lighting return on investment

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Whether lighting a single family home or the common areas of an investment property, the difference in electricity cost between LED, fluorescent and incandescent light bulbs is astounding.

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CMHC states that a person who spends more than 30% of their income on shelter can’t sustain their residence. CMHC put 26.4% of Canada’s renters and 6.5% of homeowners in that category in 2011.

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What one word uniquely identifies an unethical, self-serving and/or negligent real estate professional? We’ve all met Realtors who we feel should not have been licensed...

Sandy Point Estate

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Marketing a luxury property is as different as marketing an oil refinery, farm or airport, and the owner and listing agent should be prepared for a potentially long sales cycle, possibly years.

Low cap rate

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Real estate investors must be very careful about purchasing an investment property with a low cap rate, at which many retail plazas and multifamily properties are currently trading, with a down payment of 25 per cent or less.

first-time homebuyers

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Organized real estate should be looking inwardly to find solutions for to substantially improve the quality of service and expertise of Realtors before spending resources encouraging consumers to use Realtor services that aren’t up to the public’s expected standards.

Disclosure and latent defects

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In a case important to how to handle the issue of disclosure and latent defects, an Ontario Small Claims Court judge awarded a judgment in favour of a buyer who alleged that the seller had not disclosed a defect that had repeatedly occurred over many years prior to the seller selling the property.