Nonagenarian-in-waiting 'cut out for real estate' - The Kingston Whig-Standard | Canada News Media
Connect with us

Real eState

Nonagenarian-in-waiting 'cut out for real estate' – The Kingston Whig-Standard

Published

 on


Article content

They’ll be spinning stories 13 to the dozen at longtime local realtor Peter Davy’s upcoming 90th birthday bash, with the nonagenarian-in-waiting being the odds-on favourite to lead the tale-telling.

Advertisement

Article content

Davy, who turns 90 two days after the Oct. 3 private party at Queen’s University Faculty Club, is the undisputed elder in the Limestone City real estate agents’ lodge. When Davy sold his first house, the Dodgers were still in Brooklyn, Ike was in the White House and Rocky Marciano was heavyweight champion. Along with Etobicoke’s Daniel Gargarella — the Methusula of agents in Canada who is “still knocking on doors” at age 97 — Davy stands among the industry’s longest practitioners.

He’s also well liked and respected by fellow members of his profession and the city’s business community at large, a gentleman salesman whose reputation was forged through ardent dedication, care and commitment.

“A lot of people pick wrong careers,” Kingston lawyer and longtime Davy friend Geraldine Tepper notes. “Not Peter. He was cut out for real estate. He’s considerate; he’s there at the beginning of a deal and he’s there through its completion and even afterwards. He’s a true professional.”

Davy’s a splendid storyteller with an endless supply of material, as yours truly discovered during a telephone conversation the other day. Which means he’s sure to get a decent verbal workout once someone, at some point during the aforementioned shindig at Queen’s, asks the guest of honour how he got started in the business. At that, Peter will be off and running. He’ll begin with his usual, “Now that’s an interesting story,” before relaying a wonderfully detailed anecdote of how in his early twenties he’d dismissed the idea of ever following in the footsteps of his father, Henry Mowat Davy, a successful Toronto realtor. In the next breath, before he goes further, he’ll proudly point out that his father was born in the kitchen of the Davy homestead, which predates Confederation and sits above Millhaven Creek, near Odessa and next door to where Peter and his wife, Carol, still live. He’ll go on to explain that as the youngest of Henry and Irene’s six kids, he wanted no part of a career that demanded long, abnormal hours and adherence to duty. The story will continue with Peter leaving Toronto when he was 16 to live on the Davy farm with an elder sister. He would later enrol at Queen’s, meet Carol, marry Carol, and whisk her away to their matrimonial home — the Davy farm, which the groom had inherited. It wasn’t long, however, before the eager-yet-meagre farmer realized he was, as the saying goes, beating a dead horse.

Advertisement

Article content

“We’re going broke” were the gloomy words he spoke to Carol one morning a couple of years into the ill-fated experiment. At the ensuing farm auction, everything was sold except the buildings and the land: equipment, tools, feed, livestock, the works. “It was strange waking up the next morning and seeing everything gone, even the four horses,” Peter remembers.

Needing a job, the young husband obtained his real estate licence through his brother’s Toronto office, and in March 1955 he opened Davy Real Estate, a one-man outfit operating out of a tiny “on loan” office at 83 Clarence St.

An astonishing 66 years later, he’s still at it, working out of rented office space on upper Princess Street and dealing primarily with longtime clients. His business — at its zenith it included 16 salespeople, a secretary and office manager Carol — is back to a one-man operation. Only the pandemic, not Davy’s zest for his job, has slowed his schedule.

At some juncture during the Faculty Club soiree, someone might ask Peter if he has roots in this area. Peter, eyes widening, will likely begin with a teaser — “Yes, but only as far back as the early 1800s” — then slide seamlessly into the saga of his great-great grandfather and namesake Peter Davy. He’ll tell how the latter and his four brothers travelled up from the United States in the late 18th century along with other United Empire Loyalists. The story goes that Peter’s “double-great” granddad, a barrel maker by trade, was paddling up Millhaven Creek looking for a suitable lot on which to build. He spotted a large stand of white oaks and immediately envisioned hundreds and hundreds of oak barrels. He paddled no further. The pioneering Davy applied for and was granted a “piece of clergy reserve” — roughly a 100-acre plot — and got busy building what future generations of Davys have come to call the “homestead.”

Advertisement

Article content

No doubt a question will float from a wine glass as to how Peter and Carol met. The birthday boy, twisting his face into a warm smile, will exclaim, as he did to me: “Now that’s a REALLY interesting story!”

“I met her on a blind date,” the old-timer says, recalling university days when Davy also played alto sax in a pickup jazz and dance band. “A musician friend had made a date to bring this girl to a dance on campus, but he’d forgotten that his band was also playing the dance. He asked if I’d take her. I said sure; I’d seen her around campus and had already been trying to figure out how to hit on her. Instead, she fell right in my lap.”

The details of Date No. 1 remain a staple for a born raconteur like Davy, who celebrated 68 years of wedded bliss with Carol this past August. Throughout their lengthy union — the couple have two children, Carolynne and Chris, four grandkids and seven great-grandkids — Carol has also been an extra set of ears for her hearing-impaired husband. Peter started losing his hearing at age 15, a punishing fate for someone so musically inclined. Prior to having cochlear implants 15 years ago, his hearing was at 10 per cent. Of the cochlear procedure, he says appreciatively, “it changed my life.”

Ideally, before handshakes, hugs and farewell fist bumps signal the end of the impending festivities, someone in the know will ask the ageless agent for details of the night he spent in a jail cell. To hear Peter tell it, he was asking for it — the night in the clink, that is. Literally.

Advertisement

Article content

It happened in 1951 in Lake Placid. Davy and two fellow summer student workers at Alcan, after finishing a Friday 4-to-12 shift, hit the highway in Davy’s ’51 Austin and arrived at the resort town in Upstate New York around 4 a.m. Unable to find lodging at that hour, they drove to a police station and asked the lone officer on duty if they could sleep in their car and leave it parked overnight on the lot. Fortunately for the visitors from Canada, business in the “crowbar hotel” was slow that night. So the cop went one better. He let the boys bed down in empty cells.

The next night in Syracuse, the trio, looking to save more Alcan dollars, figured they’d try again. Davy pulled the Austin into a police station lot late at night and asked the on-duty officer if he and his two pals could spend the night behind bars, so to speak.

The cop instead led Davy to the lockup area. “The cells were jammed full,” Davy recalls seven decades later. “The officer said, ‘Do you still want to stay here, buddy?’”

Patrick Kennedy is a retired Whig-Standard reporter. He can be reached at pjckennedy35@gmail.com.

Advertisement

Adblock test (Why?)



Source link

Continue Reading

Real eState

Greater Toronto home sales jump in October after Bank of Canada rate cuts: board

Published

 on

 

TORONTO – The Toronto Regional Real Estate Board says home sales in October surged as buyers continued moving off the sidelines amid lower interest rates.

The board said 6,658 homes changed hands last month in the Greater Toronto Area, up 44.4 per cent compared with 4,611 in the same month last year. Sales were up 14 per cent from September on a seasonally adjusted basis.

The average selling price was up 1.1 per cent compared with a year earlier at $1,135,215. The composite benchmark price, meant to represent the typical home, was down 3.3 per cent year-over-year.

“While we are still early in the Bank of Canada’s rate cutting cycle, it definitely does appear that an increasing number of buyers moved off the sidelines and back into the marketplace in October,” said TRREB president Jennifer Pearce in a news release.

“The positive affordability picture brought about by lower borrowing costs and relatively flat home prices prompted this improvement in market activity.”

The Bank of Canada has slashed its key interest rate four times since June, including a half-percentage point cut on Oct. 23. The rate now stands at 3.75 per cent, down from the high of five per cent that deterred many would-be buyers from the housing market.

New listings last month totalled 15,328, up 4.3 per cent from a year earlier.

In the City of Toronto, there were 2,509 sales last month, a 37.6 per cent jump from October 2023. Throughout the rest of the GTA, home sales rose 48.9 per cent to 4,149.

The sales uptick is encouraging, said Cameron Forbes, general manager and broker for Re/Max Realtron Realty Inc., who added the figures for October were stronger than he anticipated.

“I thought they’d be up for sure, but not necessarily that much,” said Forbes.

“Obviously, the 50 basis points was certainly a great move in the right direction. I just thought it would take more to get things going.”

He said it shows confidence in the market is returning faster than expected, especially among existing homeowners looking for a new property.

“The average consumer who’s employed and may have been able to get some increases in their wages over the last little bit to make up some ground with inflation, I think they’re confident, so they’re looking in the market.

“The conditions are nice because you’ve got a little more time, you’ve got more choice, you’ve got fewer other buyers to compete against.”

All property types saw more sales in October compared with a year ago throughout the GTA.

Townhouses led the surge with 56.8 per cent more sales, followed by detached homes at 46.6 per cent and semi-detached homes at 44 per cent. There were 33.4 per cent more condos that changed hands year-over-year.

“Market conditions did tighten in October, but there is still a lot of inventory and therefore choice for homebuyers,” said TRREB chief market analyst Jason Mercer.

“This choice will keep home price growth moderate over the next few months. However, as inventory is absorbed and home construction continues to lag population growth, selling price growth will accelerate, likely as we move through the spring of 2025.”

This report by The Canadian Press was first published Nov. 6, 2024.

The Canadian Press. All rights reserved.

Source link

Continue Reading

Real eState

Homelessness: Tiny home village to open next week in Halifax suburb

Published

 on

 

HALIFAX – A village of tiny homes is set to open next month in a Halifax suburb, the latest project by the provincial government to address homelessness.

Located in Lower Sackville, N.S., the tiny home community will house up to 34 people when the first 26 units open Nov. 4.

Another 35 people are scheduled to move in when construction on another 29 units should be complete in December, under a partnership between the province, the Halifax Regional Municipality, United Way Halifax, The Shaw Group and Dexter Construction.

The province invested $9.4 million to build the village and will contribute $935,000 annually for operating costs.

Residents have been chosen from a list of people experiencing homelessness maintained by the Affordable Housing Association of Nova Scotia.

They will pay rent that is tied to their income for a unit that is fully furnished with a private bathroom, shower and a kitchen equipped with a cooktop, small fridge and microwave.

The Atlantic Community Shelters Society will also provide support to residents, ranging from counselling and mental health supports to employment and educational services.

This report by The Canadian Press was first published Oct. 24, 2024.

The Canadian Press. All rights reserved.

Source link

Continue Reading

Real eState

Here are some facts about British Columbia’s housing market

Published

 on

 

Housing affordability is a key issue in the provincial election campaign in British Columbia, particularly in major centres.

Here are some statistics about housing in B.C. from the Canada Mortgage and Housing Corporation’s 2024 Rental Market Report, issued in January, and the B.C. Real Estate Association’s August 2024 report.

Average residential home price in B.C.: $938,500

Average price in greater Vancouver (2024 year to date): $1,304,438

Average price in greater Victoria (2024 year to date): $979,103

Average price in the Okanagan (2024 year to date): $748,015

Average two-bedroom purpose-built rental in Vancouver: $2,181

Average two-bedroom purpose-built rental in Victoria: $1,839

Average two-bedroom purpose-built rental in Canada: $1,359

Rental vacancy rate in Vancouver: 0.9 per cent

How much more do new renters in Vancouver pay compared with renters who have occupied their home for at least a year: 27 per cent

This report by The Canadian Press was first published Oct. 17, 2024.

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending

Exit mobile version