Through the window, I could see the sunlight glinting off of Lake Ontario below. A lone hot dog stand sat close to the water’s edge. Next to it, cars whizzed down Lake Shore Boulevard.
To the left of the building, cars and trucks sped along the Gardiner Expressway. Just beyond it was a smaller body of water – likely Grenadier Pond.
I was standing in a condo that was up for sale, on the 7th floor of a building that had been registered for a year.
You entered by way of key card – not a key. There were hardwood floors and double closets. The kitchen, bathroom and bedroom was a decent size for one person. It had a small balcony. Even the size of the living space wasn’t terribly tiny.
It was, quite literally, the nicest unit I’d seen so far, since resuming my real estate search a month ago.
Yep, you heard me.
That talk back in January about sucking it up and getting on with it? Well, I guess I was lying to myself. Again.
I HAD been looking at rental listings, trying to get a feel for I could expect for less than three zeroes. In fact, I still am.
But it was a phone call in March, to an agent I’d spoken to last fall, which set the wheels in motion again.
So, about the nice condo near the water: it was close, but no cigar. I did seriously consider it. But the location was the issue. If I was a driver with a car, there’d be no problem. But as a pedestrian, commuting would be a bit awkward. Plus the only thing immediately in the area was the low-rise hotel next door. And as a single woman, I had my reservations, especially travelling after dark. So my search continues.
I’ve been at this newest attempt for just over a month. I’ve seen eight units so far this time around. Not surprisingly, the prices of properties have jumped in the six months I took a break, and they continue to climb.
I fully realize what I’m getting into – a seller’s market, where people are listing and selling for as much money as they can get. So “tiny” now applies to square footage, not cost. I’m not kidding myself by any stretch of the imagination.
Do I think I’ll be successful this time? I’ve got absolutely no clue. But I’m trying to prescribe to a slightly different philosophy.
I’m trying to be more proactive in telling my agents which units I’m interested in looking at. But I’m trying to treat this as the search for my first place as an adult, rather than an investment. Perhaps that’s a foolhardy way to look at it. But that’s frankly how people are treating their houses and condos – as investment properties that are used to try and make large monetary gains.
And prices aren’t going to be like this forever – they’ll take a drop. But then again, experts of all stripes have been saying that for at least the last six years.
And frankly, I really don’t want to spend the remainder of my young adulthood, living with Mom and Dad, waiting for this to happen.
Yes, I could rent. But I’d rather give this option another spin of the wheel than putting this quest on hold.
The truth is, I’m cautiously optimistic at best, realistic/pessimistic at worst. I’m keeping my expectations very low and give this latest go-round until June or July. And then I’ll re-evaluate.
But for now, I’ll put the condo near the water out of my mind, continue to exercise some patience … and hope that when the time is right, I’ll pounce and hit my target.