Gridlock Warning Signs in Real Estate - Whats next?

Now here is a great use of city council time.  Today’s article in the Toronto Star about the city of North York putting signs up warning potential buyers of gridlock is surprising and a complete insult to our intelligence. Isn’t already common knowledge that we live in a major city? I just can’t see how adding more signs to traffic poles will help anyone.

What’s the next sign we’ll see posted??  Here’s a few ideas:
“Buy at your own risk, There are many raccoons in this area!” or even better “the house values here are too high”

Why not just install signs at every major street corner all the way to Lakeshore Blvd.  Please show me an area that has condos and office towers that doesn’t have a traffic and congestion problem.

I do support full disclosure to buyers and sellers and especially if they are buying in an area based on school enrollment.  A solution that I do support and recommend is builders/ developers inserting bold clauses informing buyers that ”they may not be able to enrol a child in an overflowing local school”.  These clauses or disclaimers should be initialled by any potential buyer as well. This could be a condition of the development approval from the city. Finally the city should be promoting public transit. They should be rewarding people that don’t drive with some type of other incentives with developers.  These type of actions are forward thinking and help the consumer.

Tim Syrianos
RE/MAX Ultimate Realty Inc., Brokerage

One Response to “Gridlock Warning Signs in Real Estate - Whats next?”

  1. I also heard that with one of Shane Baghai’s new Condo projects at Yonge & Sheppard,he is offering a free 1 year Metro Pass to any buyers.

Leave a Reply