https://www.podbean.com/media/share/pb-yerg9-e2a8b7
Norma Walton discusses the changing retail landscape in Canada and provides four predictions for how retail real estate will change over the next two years.
https://www.podbean.com/media/share/pb-yerg9-e2a8b7
Norma Walton discusses the changing retail landscape in Canada and provides four predictions for how retail real estate will change over the next two years.
I predict that the price of houses in towns and cities that are within one to two hours of Toronto will skyrocket in value over the next two years, outpacing the average price appreciation for all residential real estate in Ontario. There are three reasons I make this prediction.
First, with the onset of COVID, a lot of employers have been forced to permit their employees to work from home. This is a trend that is here to stay. Even bankers and lawyers are working from home. That flexibility and the concept that you may only need to attend the office in person two to three days a week removes the need for people to live in or near the big city. Commuting a few days a week is not as onerous as commuting every single weekday. This provides flexibility and opens up a much larger radius around the city for purchasing a home. The smaller towns are far more affordable than Toronto. A colleague of mine recently bought a brand new home in Bracebridge for less than $500,000. That is an attractive metric for many people who currently live in the city.
Second, there are so many condominium dwellers and apartment dwellers who are sick of waiting 45 minutes or more for the elevator due to social distancing. They are also tired of heading up and down the emergency exit stairs trying to keep their distance. They are desperate to breathe the fresh air and spend some time outdoors given the state of emergency orders that have been in place. Many condominiums and apartments have no outdoor space. Those feelings of having been cooped up in a box will drive many of those condominium owners to sell their condominiums and purchase houses that they can afford…and those affordable communities are typically at least an hour outside of Toronto and often as far away as two hours away.
Finally, the price of houses in the city of Toronto remains incredibly high. The prices are completely unaffordable for most families. Anyone coming into the city from elsewhere in Canada cannot afford to buy in Toronto. That lack of access to affordable houses in the city will drive people who want a backyard and their own house further and further outside of the city limits.
Those three trends support my prediction that homes in the surrounding communities within one to two hours of Toronto will skyrocket over the next two years. We’ll see if the prediction comes to fruition.
https://www.podbean.com/media/share/pb-jsryk-e26557
Norma Walton walks most mornings. She described the physical benefits to her of walking along with the mental, emotional and spiritual benefits she derives.
https://www.podbean.com/media/share/pb-6iitd-e2654a
Norma Walton discusses how her personal shopping habits have changed since the COVID 19 pandemic began; how she feels about the changes; and as a result what she foresees for the retail landscape going forward.
https://www.podbean.com/media/share/pb-i6dpn-e24edd
Norma Walton discusses how Charles Dickens’ financial management advice from 1850 is still relevant today, particularly the wisdom of Wilkins Micawber from Dickens’ novel David Copperfield.
https://www.podbean.com/media/share/pb-t3e43-e24ed0
Norma Walton discusses four examples of how you can increase your income to ensure earnings are greater than expenses. She also gives some suggestions so you can create your own list of potential income earning activities.
https://www.podbean.com/media/share/pb-djeyd-c02c48
For the first time since criminal charges were laid in April 2016, Norma Walton comments publicly on her conviction and sentencing. She reviews the facts concerning the acrimonious civil and criminal litigation that has occurred with her ex-partner Dr. Stanley Karl Bernstein. She shares the context and history of the business relationship in the hope that viewers, readers and those that are interested can analyze and form their own views of the situation once they know the facts.
https://www.podbean.com/media/share/pb-u6fwx-c02bd5
For the first time since criminal charges were laid in April 2016, Norma Walton comments publicly on her conviction and sentencing. She reviews the facts concerning the acrimonious civil and criminal litigation that has occurred with her ex-partner Dr. Stanley Karl Bernstein. She shares the context and history of the business relationship in the hope that viewers, readers and those that are interested can analyze and form their own views of the situation once they know the facts.
https://www.podbean.com/media/share/pb-yyg9p-af9485
On this episode of Norma Walton Talks, she talks about talking the high road.
https://www.podbean.com/media/share/pb-pf439-a2b7d9
Norma Walton is really enjoying the holiday season and excited for Christmas tomorrow and relaxing into the New Year with her family and friends. Today she’s sharing the 5 ways she intends to spread joy this holiday season. Enjoy and have a very merry Christmas and a happy, healthy, and safe new year.